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<meta name="Keywords" content="Cigarettes, Hotels, Paperboards &amp; Specialty Papers, Packaging, Agri-Business, Packaged Foods &amp; Confectionery, Information Technology, Branded Apparel, Greeting Cards, Safety Matches, FMCG products" /><meta name="Description" content="Latest press release press report from ITC news. ITC has a diversified presence in Cigarettes, Hotels, Paperboards &amp; Specialty Papers, Packaging, Agri-Business, Packaged Foods &amp; Confectionery, Information Technology, Branded Apparel, Greeting Cards, Safety Matches and other FMCG products." /><title>
	Getting on a gravy train
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              <td valign="top" style="border-right:1px dotted #003399;" width="6"><img src="/images/spacer.gif" width="5" height="1" alt="" /></td>
      <td width="215" valign="top" ><table width="100%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><a href="/about-itc/itc-values/vision-and-mission.aspx" class="link-level-1">Our Values</a></td>
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                          <tr>
                            <td valign="middle"><a href="/about-itc/itc-values/vision-and-mission.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Vision &amp; Mission</a></td>
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                            <td><a href="/about-itc/itc-values/core-values.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Core Values</a></td>
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                            <td><a href="/about-itc/itc-values/corporate-governance.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Corporate Governance</a></td>
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                            <td><a href="/about-itc/itc-values/code-of-conduct.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Code of Conduct</a></td>
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                            <td><a href="/about-itc/itc-values/policy-on-human-rights.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Policy on Human Rights</a></td>
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                            <td><a href="/about-itc/itc-values/environment-health-safety-policy.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC's EHS Policy</a></td>
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                            <td><a href="/about-itc/itc-values/itc-it-e-waste-policy.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC IT E-Waste Policy</a></td>
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                          <tr>
                            <td><img src="/images/spacer.gif" width="3" height="8" alt=""/></td>
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                          <tr>
                            <td><a href="/about-itc/research-and-development.aspx" class="link-level-1">Research and Development</a></td>
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              </table></td>
              <td width="6" valign="top" style="border-right:1px dotted #003399;"  >&nbsp;</td>
                        <td width="219" valign="top" >
                        	
                            <table width="100%" border="0" cellspacing="0" cellpadding="0">
                              <tr>
                                <td><a href="/about-itc/chairman-speaks/ChairmanSpeaks.aspx" class="link-level-1">Chairman Speaks</a></td>
                              </tr>
                              <tr>
                                <td valign="middle"><table width="100%" border="0" cellspacing="0" cellpadding="0">
                                  <tr>
                                    <td width="37%" rowspan="3" align="center"><img src="/images/dd-chairmans.jpg" width="62" height="62" title="Y.C. Deveshwar: ITC Chairman" alt="Y.C. Deveshwar: ITC Chairman" /></td>
                                    <td width="63%"><a href="/about-itc/chairman-speaks/ChairmanSpeaks.aspx" class="link-level-2">AGM Speeches</a></td>
                                  </tr>
                                  <tr>
                                    <td><a href="/about-itc/chairman-speaks/ChairmanSpeak.aspx?id=1111&amp;type=B&amp;news=chairman-2011" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> 2011</a></td>
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                                  <tr>
                                    <td><a href="/about-itc/chairman-speaks/ChairmanSpeak.aspx?id=101&amp;type=B&amp;news=chairman-2010" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> 2010</a></td>
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                                <td>&nbsp;</td>
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                              <tr>
                                <td><a href="/about-itc/newsroom/news-highlights.aspx" class="link-level-1">Newsroom</a>                                </td>
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                                <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
                                  <tr>
                                    <td width="37%" rowspan="3" align="center"><img src="/images/dd-newsroom.jpg" width="62" height="62" alt="" /></td>
                                    <td width="63%"><a href="/about-itc/newsroom/press-releases/PressReleases.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Press Releases</a></td>
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                                    <td><a href="/about-itc/newsroom/press-reports/PressReports.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Press Reports</a></td>
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                                    <td><a href="/about-itc/media-kit/index.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> <b>Media Kit</b></a></td>
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            </ul>
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        <li style="width:185px; background-image:url(''/images/menu-divider.jpg); background-repeat:no-repeat "><a href="/sustainability/sustainability.aspx" title="Sustainability in Action" class="MenuBarItemSubmenu" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;" >Sustainability in Action</a>
        <ul style="margin-left:-110px; width:751px">
        <li>
          <table width="751" border="0" cellpadding="0" cellspacing="0" style="background:URL(/images/dd-sust-bg.jpg); height:165;">
            <tr>
              <td valign="middle" align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td align="center" valign="top"><a href="/itc-business/index.aspx" class="styleless"><img src="/images/dd-sust-01.jpg" width="62" height="62" border="0" alt="" /></a></td>
                  </tr>
                  <tr>
                    <td align="center"><a href="/itc-business/index.aspx" class="link-level-3"><strong>Leadership in Business</strong></a> </td>
                  </tr>
              </table></td>
              <td valign="middle" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle" align="center" width="122"><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td width="122" align="center"><a href="/sustainability/environmental-stewardship.aspx" class="styleless"><img src="/images/dd-sust-02.jpg" width="62" height="62" border="0" alt="" /></a></td>
                  </tr>
                  <tr>
                    <td width="122" align="center"><a href="/sustainability/environmental-stewardship.aspx" class="link-level-3"><strong>Environmental Stewardship</strong></a></td>
                  </tr>
              </table></td>
              <td valign="top" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle"  align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td align="center" valign="top"><a class="styleless" href="/sustainability/lets-put-india-first/default.aspx"  target="_blank" ><img src="/images/dd-sust-03.jpg" width="62" height="62" border="0" alt="" /></a></td>
                  </tr>
                  <tr>
                    <td align="center"><a href="/sustainability/lets-put-india-first/default.aspx"  target="_blank" class="link-level-3"><strong>Social Responsibility</strong></a></td>
                  </tr>
              </table></td>
              <td valign="top" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle"  align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td width="110" align="center"><a href="/itc-business/agri-business/e-choupal.aspx" class="styleless"><img src="/images/dd-sust-04.jpg" width="62" height="62" border="0" alt="" /></a></td>
                  </tr>
                  <tr>
                    <td width="110" align="center"><a href="/itc-business/agri-business/e-choupal.aspx" class="link-level-3"><strong>e-Choupal</strong></a></td>
                  </tr>
              </table></td>
              <td valign="top" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle" align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td align="center"><a href="/sustainability/sustainability-report-2011/index.aspx" target="_blank" class="styleless"><img src="/images/dd-sust-06.jpg" width="62" height="62" border="0" alt="" /></a></td>
                  </tr>
                  <tr>
                    <td align="center"><a href="/sustainability/sustainability-report-2011/index.aspx" target="_blank" class="link-level-3"> <strong>Sustainability Reporting</strong></a></td>
                  </tr>
              </table></td>
              <td valign="top" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle"  align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td align="center"><a href="/sustainability/sustainability-of-traditions.aspx" class="styleless"><img src="/images/dd-sust-05.jpg" width="62" height="62" alt="" /></a></td>
                  </tr>
                  <tr>
                    <td align="center"><a href="/sustainability/sustainability-of-traditions.aspx" class="link-level-3"><strong>Sustainability of Traditions</strong></a></td>
                  </tr>
              </table></td>
            </tr>
          </table>
        </li>
        </ul>
      </li>
        <li style="width:110px; background-image:url(''/images/menu-divider.jpg); background-repeat:no-repeat" ><a href="/itc-business/index.aspx" title="Businesses" class="MenuBarItemSubmenu" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;" >Businesses</a>
                    <ul style="margin-left:-295px; width:749px">
                <li style="width:185px;">
                  <table width="749px" border="0" cellspacing="0" cellpadding="0" style="background:URL(/images/dd-bus-bg.jpg); height:215;">
                    <tr>
                      <td colspan="4" align="center" valign="top"><img src="/images/spacer.gif" width="1" height="5" alt="" /></td>
                    </tr>
                    <tr>
                      <td width="190" align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><a href="/itc-business/fmcg/index.aspx" class="link-level-1">FMCG</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/cigarettes.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Cigarettes &amp; Cigars</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/foods.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Foods</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/lifestyle-retailing.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Lifestyle Retailing</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/personal-care-products.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Personal Care</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/education-and-stationery-products.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Education and Stationery</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/safety-matches.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Safety Matches</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/agarbattis.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Agarbattis</a></td>
                          </tr>
                      </table></td>
                      <td width="210" align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                        <tr>
                          <td><a href="/itc-business/paperboards-and-packaging/paperboards-and-specialty-papers.aspx" class="link-level-1">Paperboards &amp; Packaging</a></td>
                        </tr>
                        <tr>
                          <td valign="top" align="left" height="30px"><a href="/itc-business/paperboards-and-packaging/paperboards-and-specialty-papers.aspx" class="link-level-4"><span class="dd-bullet-ornge">&raquo;</span> Paperboards &amp; <br />&nbsp;&nbsp;&nbsp;Specialty Papers</a></td>
                        </tr>
                        <tr>
                          <td><a href="/itc-business/paperboards-and-packaging/packaging.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Packaging</a></td>
                        </tr>
                        <tr>
                          <td>&nbsp;</td>
                        </tr>
                       
                      </table></td>
                      <td width="190" align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><a href="/itc-business/agri-business/agri-commodities-and-rural-services.aspx" class="link-level-1">Agri Business</a></td>
                          </tr>
                          <tr>
                            <td valign="top" align="left" height="30px"><a href="/itc-business/agri-business/agri-commodities-and-rural-services.aspx" class="link-level-4"><span class="dd-bullet-ornge">&raquo;</span> Agri Commodities  &amp;  <br />&nbsp;&nbsp;&nbsp;Rural Services</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/agri-business/e-choupal.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> e-Choupal</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/agri-business/leaf-tobacco.aspx" class="link-level-4"><span class="dd-bullet-ornge">&raquo;</span> Leaf Tobacco, Spices <br/>
                              &nbsp;&nbsp;&nbsp;&amp; Agri Inputs</a></td>
                          </tr>
                          <tr>
                            <td>&nbsp;</td>
                          </tr>
                        </table>                      </td>
                      <td width="190" align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                        <tr>
                          <td> <a href="/itc-business/hotels.aspx" class="link-level-1">Hotels</a></td>
                        </tr>
                        <tr>
                          <td><a href="/itc-business/group-companies/itc-infotech.aspx" class="link-level-1">Information Technology</a></td>
                        </tr>
                        <tr>
                          <td><a href="/itc-business/group-companies/default.aspx" class="link-level-1">Group Companies</a></td>
                        </tr>

                        <tr>
                          <td>&nbsp;</td>
                        </tr>
                        <tr>
                          <td>&nbsp;</td>
                        </tr>
                        <tr>
                          <td>&nbsp;</td>
                        </tr>
                      </table></td>
                    </tr>
                  </table>
                </li>
            </ul>
        </li>
        <li style="width:150px; background-image:url(''/images/menu-divider.jpg); background-repeat:no-repeat" ><a href="/shareholder/index.aspx" title="Shareholder Value" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;" >Shareholder Value</a>
             <ul style="margin-left:0px; width:250px">
                <li style="width:185px;">
                  <table width="343" border="0" cellpadding="0" cellspacing="0" style="background:URL(/images/dd-about-bg.jpg); height:170;">
                    <tr>
                      <td align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/key-financials.aspx" class="link-level-1">Key Financials</a></td>
                          </tr>
                          <!--<tr>
                            <td><a href="<'%=WebConfigurationManager.AppSettings["ItcRootFolder"]%>/shareholder/quarterly-results.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Quarterly Results</a></td>
                          </tr>-->
                          <tr>
                            <td><a href="/shareholder/quarterly-results.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Quarterly Results</a></td>
                          </tr>
                          <tr>
                            <td><a href="javascript:newwindow_last10()" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Financial Highlights</a></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/stock-prices.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Stock Prices</a></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/key-ratios.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Key Ratios</a></td>
                          </tr>
                      </table></td>
                      <td align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/investor-relations.aspx" class="link-level-1">Investor Relations</a></td>
                          </tr>
                          <tr>
                            <td valign="top" align="left"><a href="/shareholder/investor-relations/general-information.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> General Information</a></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/investor-relations/depository-activities.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Depository Activity</a></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/investor-relations/share-registration.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Share Registration</a></td>
                          </tr>

                      </table></td>
                    </tr>
                    <tr>
                      <td colspan="2" align="center" valign="top"><a href="/shareholder/report-and-accounts.aspx" class="link-level-1" style="padding-left:110px;">Report &amp; Accounts</a></td>
                    </tr>
                  </table>
                </li>
            </ul>
        </li>
        <li style="width:80px; background-image:url(''/images/menu-divider.jpg); background-repeat:no-repeat" ><a href="/careers/careers.aspx" title="Careers" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;">Careers</a>
        
        <ul style="margin-left:-555px; width:250px">
                <li style="width:185px;">
                  <table width="749" border="0" cellpadding="0" cellspacing="0" style="background:URL(/images/dd-careers-bg.jpg); height:170;">
                    <tr>
                      <td align="center" valign="top"><table style="width:749" border="0" align="center" cellpadding="0" cellspacing="0">
                        <tr>
                          <td style="width:207" align="center" valign="top"><table style="width:180" border="0" align="center" cellpadding="0" cellspacing="0">
                           <tr>
                              <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                            </tr><tr>
        <td width="202"><a href="javascript:;" class="link-level-1">Know ITC</a></td>
      </tr>
      <tr>
        <td><a href="/careers/itc-today.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC Today</a></td>
      </tr>
      <tr>
        <td><a href="/careers/core-values.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Core Values</a></td>
      </tr>
      <tr>
        <td><a href="/careers/corporate-governance.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Corporate Governance </a></td>
      </tr>
      <tr>
        <td><a href="/careers/divisions.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC Businesses</a></td>
      </tr>
      <tr>
        <td><a href="/careers/ITC-brands.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC Brands</a></td>
      </tr>
      <tr>
        <td><a href="/careers/sustainability.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Sustainability</a></td>
      </tr>
                          </table></td>
                          <td width="227" align="center" valign="top"><table width="200" border="0" align="center" cellpadding="0" cellspacing="0">
                            <tr>
                              <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                            </tr><tr>
        <td><a href="javascript:;" class="link-level-1">Is ITC right for me?</a></td>
      </tr>
      <tr>
        <td><a href="/careers/itc-store-for-me.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> What ITC has in store for you </a></td>
      </tr>
      <tr>
        <td valign="top" align="left"><a href="/careers/what-sets-itc-apart.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> What sets ITC apart</a></td>
      </tr>
      <tr>
        <td><a href="/careers/learning-development.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Learning and Development</a></td>
      </tr>
      <tr>
        <td><a href="/careers/your-career-choice.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Your career choice</a></td>
      </tr>
      <tr>
        <td><a href="/careers/one-word.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC in a Word</a></td>
      </tr>
      <tr>
        <td><a href="/careers/our-voice.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Our Voice</a></td>
      </tr>
      <tr>
        <td><a href="/careers/faqs.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> FAQs</a></td>
      </tr>
                          </table></td>
                          <td width="160" align="right" valign="top"><table width="150" border="0" cellpadding="0" cellspacing="0" style="margin-left:-100px">
                            <tr>
                              <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                            </tr>
                            <tr>
                              <td><a href="javascript:;" class="link-level-1">ITC on Campus</a></td>
                            </tr>
                            <tr>
                              <td><a href="/careers/kites.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> KITES</a></td>
                            </tr>
                            <tr>
                              <td><a href="/careers/aut.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> AUT</a></td>
                            </tr>
                          </table></td>
                          <td width="155" align="right" valign="top"><table width="150" border="0" cellpadding="0" cellspacing="0" style="margin-left:-100px">
                            <tr>
                              <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                            </tr>
                            <tr>
                              <td><a href="/careers/current-openings.aspx" class="link-level-1">Current Openings</a></td>
                            </tr>
                            <tr>
                              <td><a href="/careers/show-openings.aspx" class="link-level-2" style="height:55px;" target="_blank"><span class="dd-bullet-ornge">&raquo;&nbsp;</span>Explore present <br />
&nbsp;                              &nbsp;career opportunities <br />
                              &nbsp;&nbsp;&nbsp;&nbsp;in ITC</a></td>
                            </tr>
                          </table></td>
                        </tr>
                        <tr>
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                                                                <span id="ctl00_cphPageContent_lblContent"><font size="2" face="Arial">As nuclear families
          proliferate in urban India, the ready-to-eat market is set to grow, says <b>Soumik Sen</b>
          </font>
          <p><font size="2" face="Arial">It’s a food revolution that’s been a long time
          coming. As double-income nuclear families become the norm in urban India, everyone who is
          anyone in the food business has been eyeing the ready-to-eat food sector with considerable
          hunger.</font></p>
          <p><font size="2" face="Arial">The result: new menus that include everything from Punjabi <i>kadhi
          pakora</i> in a can to pure vegetarian navratan kormas in hi-tech retort pouches. </font></p>
          <p><font size="2" face="Arial">But it has been tougher to cook up a storm in the Indian
          market than anyone expected. Indians proved remarkably attached to freshly cooked meals. </font></p>
          <p><font size="2" face="Arial">Nevertheless, times may be changing. Top food companies say
          the market is currently worth around Rs 50 crore but they confidently predict it will grow
          to around Rs 200 crore in the next one or two years. </font></p>
          <p><font size="2" face="Arial">Take a look at ITC Foods, which started turning out dishes
          for the top end of the market with its pricey Kitchens of India range. </font></p>
          <p><font size="2" face="Arial">ITC won praise for its offerings and showed they could get
          the flavours right. But at Rs 150 for a 450 gm tin of <i>dal bukhara</i> (which feeds
          about three people) it was strictly a limited clientele. </font></p>
          <p><font size="2" face="Arial">Now ITC is taking a shot at the middle market and trying to
          reach shop shelves around the country. It has put together a range of five vegetarian
          flavours including <i>aloo matar, rajma masala and navratan korma</i>, packed in retort
          pouches and with a shelf life of 12 months. </font></p>
          <p><font size="2" face="Arial">The 285 gm pouches — called the Aashirvaad range
          — sell for between Rs 35 and Rs 40, putting them within reach of middle-class buyers.
          Says Ravi Naware, CEO, ITC Foods, "Aashirvaad will now be the ready-to-eat solution
          for the time-pressed family." </font></p>
          <p><font size="2" face="Arial">ITC is hoping to serve itself big helpings with its new
          business. The Aashirvaad ready-cooked dishes have already been launched in five cities
          — Mumbai, Pune, Hyderabad, Chennai and Kolkata. </font></p>
          <p><font size="2" face="Arial">In the next two months, the products will also be available
          on shop shelves in Delhi and Bangalore. Naware believes his two brands have already
          captured between 15 per cent and 20 per cent of the ready-to-eat market. </font></p>
          <p><font size="2" face="Arial">What’s more, ITC isn’t stopping here. By the end
          of this financial year, another five flavours will be added to the Aashirvaad bouquet. </font></p>
          <p><font size="2" face="Arial">ITC already has two plants churning out products in
          Bangalore and Delhi and Naware is scouting for locations to put up a third one. </font></p>
          <p><font size="2" face="Arial">But ITC doesn’t have the kitchen to itself — not
          by a long shot. MTR foods, arguably the pioneer in the segment, is in no mood to
          relinquish the leadership position to the FMCG behemoth. </font></p>
          <p><font size="2" face="Arial">S Suresh, COO, MTR points out that it has a huge menu card
          with 15 curries and seven south Indian specialities. It’s also launching nine
          rice-based items like lemon rice and rajma chawal. </font></p>
          <p><font size="2" face="Arial">MTR believes it is the largest in the field with over 70
          per cent market share and it isn’t cowed by ITC’s distribution muscle. </font></p>
          <p><font size="2" face="Arial">Says Suresh: "We are already present across 60 cities
          in India, and by 2005 hope to control around 35 per cent of the Rs 200 crore market."
          </font></p>
          <p><font size="2" face="Arial">But MTR also has greater ambitions and hopes to make it to
          dining tables around the world. It has sales and distributions teams in North America,
          Australia, West Asia and South East Asia. </font></p>
          <p><font size="2" face="Arial">At another end of the country there’s Satnam Overseas,
          one of India’s largest exporters of basmati rice under the flagship Kohinoor brand
          which is also hoping to make a big meal from the ready-to-eat business. </font></p>
          <p><font size="2" face="Arial">It has introduced heat-and-eat curries and lentils with a
          distinctly north Indian flavour, including Peshawari <i>dal</i>, Kashmiri <i>rajma</i>,
          and Amritsari <i>chole</i>. Also coming from the kitchen are other northern specialities
          like <i>sarson ka saag</i> and <i>aloo palak</i>. Research is underway to develop
          ready-to-eat <i>paneer curries </i>and <i>pav bhaji </i>very soon. </font></p>
          <p><font size="2" face="Arial">"Each of these preparations follows traditional
          recipes," says general manager, Rajesh Trikha. </font></p>
          <p><font size="2" face="Arial">"Customers just need to heat for two-to-three minutes
          in a microwave or boiling water and eat." A single pack priced at Rs 46, is meant to
          serve upto three persons. </font></p>
          <p><font size="2" face="Arial">Satnam’s USP is its regional appeal. "Punjabi
          cuisine like Punjabi music is a rage in the rest of the country as well as overseas,"
          says Trikha, "and we want to serve the flavour of North India, as authentically as
          possible, from our plant at Murthal in Haryana." </font></p>
          <p><font size="2" face="Arial">How big is the ready-to-eat market and is it poised for a
          quantum leap? Trikha believes the market is poised for an explosive jump and that it will
          triple in the next one year. </font></p>
          <p><font size="2" face="Arial">Says Trikha: "According to our internal estimates, the
          domestic market for ready-to-eats is Rs 50 crore plus and is expected to grow three times
          by the end of 2004." </font></p>
          <p><font size="2" face="Arial">What’s more, Trikha is firmly convinced that around Rs
          25 crore worth of ready-to-eat-curries are already selling. That’s likely to touch
          around Rs 100 crore by 2004 according to him. </font></p>
          <p><font size="2" face="Arial">Naware is also counting on giant-sized growth. His
          expectations aren’t very different from Trikha’s. He believes the market will
          touch Rs 200 crore by around 2005 and he’s hoping to garner as much as 50 percent
          marketshare by spreading himself across 50 cities. </font></p>
          <p><font size="2" face="Arial">Naware is putting together a big-budget print and
          television campaign to promote his dishes which is being handled by Grey Worldwide. The
          company is also organising sampling sessions to gauge customer feedback. </font></p>
          <p><font size="2" face="Arial">There are smaller companies too that are hoping to grab a
          chunk of the action. </font></p>
          <p><font size="2" face="Arial">Pune based Tasty Bites Eatables Limited [TBEL] has been
          exporting for years and is now making an ambitious thrust into the Indian market. </font></p>
          <p><font size="2" face="Arial">Tasty Bites started operations back in 1987 but it
          didn’t make much headway and the products were withdrawn a year later. </font></p>
          <p><font size="2" face="Arial">"People were sceptical back then and consequently our
          products were non-starters," says Ravi Nigam, president, Tasty Bites. </font></p>
          <p><font size="2" face="Arial">Tasty Bites was taken over and restructured by US
          multinational Preferred in 1998. It registered a profit two years later. </font></p>
          <p><font size="2" face="Arial">The Rs 20 crore export-driven company, (80 per cent of its
          earnings come from exports) has successfully tapped markets in Ahmedabad, Baroda, Surat,
          Mumbai, Pune, Bangalore, Chennai and Hyderabad. </font></p>
          <p><font size="2" face="Arial">The company now plans to expand by entering the northern
          markets aggressively. Tasty Bites offers nine curries and six south Indian ready-to-eat
          dishes like avil and pongal. </font></p>
          <p><font size="2" face="Arial">Also, it recently launched a range of ready-to-cook (RTC)
          curry pastes. Tasty Bites also has another range of ready-to-eat meals that it makes for
          the Indian Army which come along with plastic plates. </font></p>
          <p><font size="2" face="Arial">Inevitably, Indian flavours dominate the ready-to-eat
          market. But one of the earliest players was Indo-Nissin foods, a subsidiary of
          Japan’s Nissin Foods which has been selling instant cup noodles since 1991. The 80
          gram cup, in chicken, vegetable and masala flavours, is priced at Rs 20. </font></p>
          <p><font size="2" face="Arial">Despite the presence of high-profile brands,
          Indo-Nissin’s General Manager R V K James says the company sells around 6.5 lakh cups
          every year, giving him a billing of Rs 1.3 crore annually. </font></p>
          <p><font size="2" face="Arial">"We have been consistently growing at 22 per cent
          annually," he says. But I’m sure with the market ready to explode, that number
          will only go north." </font></p>
          <p><font size="2" face="Arial">Armed with a Rs 5.5 crore budget, cup-o-noodle
          advertisements are currently being aired on television channels. </font></p>
          <p><font size="2" face="Arial">Indo-Nissin has also actively targeted school children by
          sponsoring quiz sessions and conducting sampling sessions at various schools. </font></p>
          <p><font size="2" face="Arial">The company is also about to launch a sub-brand in the
          ready-to-eat cup-noodle segment targeted specifically at kids. </font></p>
          <p><font size="2" face="Arial">But will the year-on-year 100 per cent growth that all
          players are so optimistic about actually happen?" Most analysts believe the food
          companies aren’t being overly optimistic. </font></p>
          <p><font size="2" face="Arial">Says B Narayanaswamy, executive director, Indica Research:
          "The increased penetration of microwave ovens will need ‘software’ to drive
          the ‘hardware’. Ready-to-eats will find the perfect match in the upwardly mobile
          Indian kitchen." </font></p>
          <p><font size="2" face="Arial">"Convenience is a prime factor, but other factors like
          increased spending on food by city couples are also important, says Hemendra Mathur,
          senior manager, food and agri-business, Rabo India. </font></p>
          <p><font size="2" face="Arial">Abroad, the convenience foods industry has grown to
          gigantic proportions. And Indians too could be developing a healthy appetite for meals
          from a can or a pouch. </font></p></span>
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