Thursday, Feb 13 2025 | Time 11:29 Hrs(IST)
image
Business Economy


Hangal Coffee adopts EUDR compliant solution

Hyderabad, July 18 (UNI) Hangal Coffee Exporters, a leading coffee exporter in India, on Thursday announced the adoption of the EU Deforestation Regulation (EUDR)-compliant solution, powered by TRST01's sustainable supply chain solution TRST01Chain®, becoming the first company in India to achieve this milestone in the coffee industry.
Hangal Coffee Exporters' implementation of the EUDR-compliant TRST01Chain® underscores its commitment to adhering to global standards while enhancing sustainability across the company’s supply chain.
This initiative not only strengthens the company’s commitment to sustainable practices but also sets a benchmark for the coffee industry in India, the Karnataka-based company said in a release here.
TRST01 has implemented similar sustainability compliance solutions using cutting-edge technology in 18 global rubber, coffee and cocoa companies, including Apollo Tyres and CEAT in India, Golden Rubber in Ivory Coast, Tower Commodities and Gadjah Ruku in Indonesia and Seng Hin in Malaysia.
The latest implementation of EUDR-compliant solutions reaffirms TRST01’s leadership position in the sustainability industry.
Expressing his enthusiasm over the achievement, Anil Sitaraman, Executive Director, Hangal Coffee, said, "We are thrilled to partner with TRST01 to implement this groundbreaking solution.
TRST01Chain® not only aligns with our values of sustainability but also ensures transparency and traceability in our operations."
Commenting on the milestone, Prabir Mishra, CEO, TRST01, said, "We congratulate Hangal Coffee Exporters for their proactive approach towards EUDR compliance. The dedication of company’s leadership in adopting EUDR-compliant solution highlights the transformative potential of data-driven technologies in promoting sustainable supply chains."
The EUDR emphasizes the importance of complying with laws related to environmental and social aspects with sustainability principles embedded in them. It is mandatory for all specific commodities, in any form, to comply with these regulations when imported to Europe starting from January 1, 2025.
Renowned for its data-driven sustainability impact, TRST01Chain®, empowers organizations to achieve compliance seamlessly while driving meaningful environmental outcomes. This collaboration marks a significant step towards fostering a sustainable future for the global coffee market.
As per the industry estimates, India’s coffee exports to the European Union (EU) make up almost 57% of its total coffee exports.
The EUDR regulation has created an urgent need for these industries to adapt and innovate while ensuring sustainable production practices.
It is worth noting that India exports 57 percent of coffee, worth over $600 million (INR 5000 Crores) annually. Indian coffee production is 70 percent robusta beans and 30 percent arabica beans.
UNI KNR CS2030
More News
Sensex jumps over 400 pts

Sensex jumps over 400 pts

13 Feb 2025 | 10:55 AM

Mumbai, Feb 13 (UNI) The BSE Sensex on Thursday smartly recovered 409 pts at 76,580 in the opening session as buying was seen across the board.

see more..

Airtel awards contracts to Nokia to expand 5G Fixed Wireless Access devices

13 Feb 2025 | 1:32 AM

Kolkata, Feb 12 (UNI) Bharti Airtel has awarded a contract to Nokia, and Qualcomm focusing on the expansion of 5G Fixed Wireless Access (FWA) and Wi-Fi solutions to facilitate high-speed internet access to millions across India.

see more..

Tata Power Renewables, ONGC collaborate to lead way in Battery Energy Storage system

13 Feb 2025 | 12:16 AM

Kolkata, Feb 12 (UNI) Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited and a leading player in India’s renewable energy sector, has signed a non-binding memorandum of understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC), India’s premier energy company, to explore joint opportunities in the Battery Energy Storage System (BESS) and its value chain.

see more..

Suven Pharma Q3FY25 consolidated net profit up to Rs 83 29 cr

12 Feb 2025 | 10:32 PM

Hyderabad, Feb 12 (UNI) Suven Pharmaceuticals Ltd. a technology-led global Contract Development and Manufacturing Organization (CDMO), on Wednesday announced that its consolidated net profit increased to Rs 83.29 crore for the third quarter ended December 31, 2024 from Rs 46.75 crore in the corresponding period in last year.

see more..

Godrej Enterprises Group secures strategic MOUs at Aero India

12 Feb 2025 | 10:29 PM

Kolkata, Feb 12 (UNI) The Aerospace business of Godrej & Boyce, a part of Godrej Enterprises Group, is strengthening its commitment to India's self-reliance vision through signing of multiple significant MoUs during Aero India 2025 at Bengaluru to support national programs backed by the Government of India.

see more..
image