LNG Deals: India, Qatar Made For Each Other
Liquefied Natural Gas (LNG) is slated to become a commodity in the coming ten years with multiple sources and FOB prices converging. India needs LNG in large quantities to fuel its economy and its success depends on how it negotiates the deals. India has botched up negotiations on long-term supply contracts for LNG with such alarming regularity that it raises serious questions about its negotiators ability to read and anticipate trends in the volatile world of oil and gas. Is it just a case of bad luck, or are there integrity issues involved as well, given the consistency with which the Indians have ended up on the wrong side of a long-term LNG contract every single time? One reason is certainly because the country’s so-called “energy experts” who negotiated the deals were mostly bureaucrats who had no knowledge of the LNG business. The business executives who were associated with the negotiations were equally unfamiliar with the intricacies of the relatively new LNG trade. Moreover, Indians have never been known to be a tough or shrewd negotiators. Naturally, India bungled in LNG deals at regular intervals. India’s tryst with LNG began in the late 1990s with the creation of Petronet LNG Ltd (PLL). The only company that had any knowledge about the LNG business was the state-owned GAIL, whose management was upset that a business that should have legitimately belonged to it had been forcibly taken away. To rub salt into its wounds, it became one of the four state-owned promoters of PLL. Even though it did not receive primacy among the PLL promoters on the strength of its knowledge base, it did not sulk and sincerely prepared the tender specifications for supply of LNG at the proposed terminal at Dahej in the state of Gujarat. The specifications were so framed that the two offers it got for the tender turned out to be quite attractive. The bidders were Petronas of Malaysia and RasGas of Qatar. PLL accepted the offer of RasGas which offered LNG at a price of $ 4/mmbtu with negligible escalation. However, RasGas soon came up with a crude- linked pricing formula that was deceptively attractive but decidedly risky. In the initial years of the contract, it offered a price that was lower than $ 4 per mmBtu but in later years would be linked to the price of crude. Before accepting the crude-linked formula, the energy experts in the Ministry of Petroleum and Natural Gas (MoPNG ) decided to seek expert opinion on the likely price of crude in 2015. Through the international trade division of Indian Oil Corporation (IOC), the petroleum ministry obtained expert opinion from a London-based petroleum consultant which certified that the crude price in 2015 would be $ 20 a barrel. The deal was signed and included the crude-linked price proviso without setting a floor or a ceiling. The result: the price of RasGas’ LNG last year soared to $ 13-14/mmBtu even as the spot market price crashed to $ 7/mmBtu. In 2009, an official team hurriedly negotiated a deal with Gorgon Project of Australia for the supply of 1.4 million tons per annum of LNG to PLL’s Kochi terminal which turned out to be among the costliest in the world. Four years ago, the then petroleum secretary went on record saying that the delivered cost of Gorgon LNG to Indian consumer would work out to $ 20/mmBtu at the then prevailing crude price. That deal has not yet been renegotiated. P. DasguptaThe third long-term contract was signed by GAIL for a total quantity of 5.8 million tons per annum with two US companies. That deal is also in trouble as it is indexed to the Henry Hub price. According to International Energy Association (IEA), the Henry Hub price, which is around $ 2.5/mmbtu now, is expected to rise go to $ 3.50 in 2017. This will effectively push up the cost of GAIL’s US LNG to $ 9.5/mmbtu. The 25-year contract with RasGas for 7.5 million tons per annum of LNG was on the verge of collapse. GAIL, which marketed 60 per cent of the imported LNG, refused to lift the promised quantity. RasGas had no option but to renegotiate. True to form, India once again botched up the renegotiation. The LNG price now stands lowered because the crude price is low. If the crude price rises to the previous level, the price of LNG from RasGas will go up accordingly. The renegotiated deal has saved the contract from collapse. Both sides heaved a sigh of relief but this can only be temporary situation. International energy experts acknowledge that the chapter can be reopened if India plays its cards well. There is still time to do it. Qatar is the largest LNG producer in the world with an annual production capacity of 77 million tons. It had ramped up capacity to cater to the US market. But it has now run into trouble as the US itself has emerged as a significant LNG exporter amid a boom in shale gas production. Europe prefers to depend on the piped Russian gas. Demand in China has slowed down sharply and Japan threatens to go back to coal. India is the only economy which is growing which will need more and more LNG to fuel its growth. Qatar needs India desperately to sell its LNG. Equally, India will benefit from sourcing gas from Qatar because of its proximity which reduces transportation costs significantly. Experts say it will be a mutually beneficial arrangement if India can negotiate a comprehensive deal to source LNG from Qatar. This can cover the existing contract as well. A contract that is linked to the price of crude need not be dangerous if the proviso provides for a floor and ceiling price for the linkage mechanism. This will give both the buyer and the seller some comfort in terms of a more or less stable price regime for LNG. This is always done when an LNG contract is negotiated. But
Pay hikes slide from up to 40% to almost nothing at startups
Things have altered quite perceptibly in a year’s time for the ever-changing startup ecosystem. From doling out 30-40% increments to top performers just a year ago to giving minimal or no increments, new-age internet companies have come a full circle as they battle a funding crunch and pressure to monetize their businesses. TOI has learnt that food-discovery and ordering platform Zomato told its employees last month that it may freeze increments for the year 2016, amid mounting pressure to rationalize its operations. Others like mobile advertising startup InMobi have delayed their appraisal cycle while biggies like Flipkart and Snapdeal are being extremely conservative in giving hikes this year. Flush with funds, India’s startup superstars flashing billion-dollar-plus valuation tags lured young talent, offering them fat salaries and increments. But in the past six-eight months, investor sentiment turned globally, affecting the environment here. “A few months ago, Zomato asked its employees to take a pay cut in lieu of Esops. Post that, they informed employees about no increments for this year. All this is to cut wage costs at a time when their losses are shooting up,” said a person privy to the developments at the company. Valued at $1 billion, Zomato said in an emailed response to TOI, “We were prudent in how we did increments last quarter. We spoke to our teams and were very transparent with them about this decision. Our people are here for the long term, and understand the reasoning behind it. To add to this, we have not seen any attrition on account of this.” Gurgaon-based Zomato saw its revenues double to Rs 185 crore for financial year 2015-16 compared to the year before while its losses rose 262% to Rs 492 crore, the company’s largest shareholder InfoEdge said in its annual results filings to the BSE. Deepinder Goyal, its founder, said the company had cut its operating costs from $9 million to $1.7 million by shuttering operations in countries like the US and the UK. “This was somewhat expected. Most of the leading internet startups handed out an average of 20% hike last year when adequate funds were available. That 20% has come down to less than 5% across the leading e-commerce firms,” said Kris Lakshmikanth, CMD at Head Hunters India. “This had happened post the 1999-2000 dotcom bust and during the IT slowdown in 2008-09. It’s the same situation with these e-commerce companies now as most of them have not raised fresh capital but had gone ahead with aggressive hiring last year,” he said. Flipkart and Zomato have led from the front in hiring talent. A Snapdeal spokesperson had said last year that the average hike at the company was 20%. Flipkart did not comment when asked about their annual increments. Besides attractive hikes, these companies offered Esops as another way of getting on board talent, not only from India but also from Silicon Valley. Flipkart, Zomato and Snapdeal went on a tear and hired product and engineering heads from Google, Facebook, and other tech giants. In the past few months though, a string of high-profile and expensive hires have left, including Flipkart’s chief product officer Punit Soni and Snapdeal’s product head Anand Chandrasekaran. JuJu Smith-Schuster Womens Jersey
Give sops to multi-brand retailers investing 20% in agriculture: Harsimrat Kaur Badal
Union food processing minister Harsimrat Kaur Badal is pushing hard for incentives for multi-brand retailers who promise to make 20% of their investments in farm infrastructure. In an interview with ET’s Himangshu Watts and Madhvi Sally, Badal also said she wants to put her ministry on “auto-pilot” with an empowered new body. Edited excerpts: How have the first two years been, and what lies ahead? I came into a ministry which I think was paralysed, dysfunctional (and) starved for funds. There were lots of payments piled up from the previous years which had to be cleared. So, the first year went in just setting the house in order. It was only in the second year that we actually got to work on the ground. Now we are going to see the results of the work done. It’s also probably a time to see the fruits of the work done begin to flourish and also to see what is ahead after that. On the one side we are pushing for projects, trying to bring tieups, FDI in multi-brand retail, open up the markets. Another point of focus is to look at value addition for farmers to supplement their income. Also one starts thinking about whether there has to be an authority to map all this together, so it goes on an autopilot mode in the coming years. The roadmap is set so that wherever shortcomings are, there is an overarching authority to look at it…no matter who is the minister and who is the government. So, it will be a new authority all together? I am thinking about it. It will look at all the shortcomings throughout the country, be it in the cold chain, cold storage, in processing parks, cluster scheme… Any other thing connected with food processing from what needs to be grown, processed, etc. will be looked by the authority. Looking at the shortcomings of the earlier schemes I realised we were either creating humongous infrastructures like food parks of 50 acres…(or) cold chains. There was nothing in between. So we need a body which starts planning what after that. I am mulling over that now. Read more at: Allow multi-brand food retail stores to sell soaps, shampoos: Harsimrat Kaur Badal Will this authority also monitor projects? The ministry will continue to do the monitoring. Over the past one year I have tried to ensure that everything is online. It has something to do with ease of doing business, for which I got the maximum resistance in my ministry. I managed to push it through and I hope that in the completion of two years I will launch it. So all interface will be removed. All applications coming, all grants going, all papers which are required to get grant…it’s all going to be online. It will start with all the mega food parks and then extend to other schemes. This will eliminate corruption and can be easily monitored. On the click of a button I will know what paper has been filed, how long it has taken for my ministry to clear the project…it can be all seen online. What kind of resistance did you face on going online? Typical. I got to know why my food parks were getting delayed when promoters came to me saying that they had applied for grant three months ago, but there has been no response from my ministry. So now when a company wants a grant, it will have to upload the papers and once it’s uploaded, then it’s received. Officials will be given a set period to check the papers. This project will be launched soon. I am aiming that at the end of my five years in the ministry the level of food processing in the country should improve from 10% to close to 20%. What progress has been made in allowing foreign direct investment (FDI) in retail? The policy is yet to come and I am still waiting for it to happen. I floated the policy but unfortunately it is made by the commerce ministry. FDI is something which they decide. So after having stakeholders’ meeting, I have given my suggestions, but it is now a different ministry which has to come up with the guidelines. Have they indicated when it will come? In the last couple of cabinet meetings it was heard that it was coming, but it didn’t come. Why I envisioned this entire thing of bringing in multi-brand was that it should create infrastructure at farmers’ level. This was something that was missing. It was not my aim to ensure that our people open their wallets to the multinationals who would have become richer themselves. My aim was to use videshi paisa to help our swadeshi farmer for creation of swadeshi infrastructure. That was my whole aim. I was very categorical that certain percentage of FDI that was coming in should be mandatory for creating infrastructure at farm level. After talking to all stakeholders and foreign cos, they said that they had no issue, as in food retail they would anyway have to do that. I think the commerce ministry probably just thought let’s bring in a policy that will be very popular as it will have no riders. This is what I have written and I am pushing for… I am very clear that if the policy doesn’t help our farmers and if it’s middlemen…and multinationals that become richer, then we have defeated the whole purpose of bringing in a policy. What all do you want in this policy? Minimum of 20% of your FDI should be at your farm gate level. It can be forcreation of primary processing, cold storage or even for upgrading agriculture meaning modern technology, seed, ways of doing farming…anything which impacts farmers. Western countries are so scientific. They tell you the time you need to do planting, how many millimetres apart, how much water, drip irrigation, what to grow in between…. We are still stuck up in wheat,
High-level committee of Karnataka clears investment proposal of Biocon and PepsiCo
The high-level committee on industrial investments, headed by Chief Minister Siddaramaiah, on Wednesday cleared the proposed investments of Biocon in Bengaluru and PepsiCo India in Mysuru. Biocon sought to invest Rs 1,060 crore in an injectable monoclonal antibodies and OSD production unit at Jigani in Anekal taluk of Bengaluru Urban district. The project, according to the company, will create 750 new jobs. “We made this proposal around the time of the global investors meet, and things seem to be happening in an expeditious manner. The project will come up in about 18 months,” Biocon Chairman Kiran Mazumdar-Shaw told ET. The government, she said, is keen on promoting approvals. PepsiCo India has proposed an investment of Rs 590 crore in the chief minister’s native district of Mysuru. It plans to set up a unit to make beverages and snacks at Adakanahalli industrial area in Nanjangud taluk. The project promises to create 900 new jobs. The developers of Manyata Tech park have proposed a big ticket expansion at its property spread across Nagawara, Rachenahalli and Thanisandra areas, off the outer ring road. The committee approved the proposal to invest Rs 561 crore, which the company said will create 7,170 new jobs. According to the proposal, the developer will build infrastructure such as a new IT park, hotel, convention centre, retail malls and commercial space in the 125 acres, allotted to it by the Karnataka Industrial Areas Development Board (KIADB). In all, the committee approved investment proposals worth Rs 1,621 crore for Bengaluru andRs 590 crore for Mysuru. The IT/BT sector got the highest number of proposals worth Rs 1,621 crore. Charles Clay Womens Jersey
Joining delay: Amazon, Paytm keen on hiring graduates who got offers from Flipkart
Flipkart’s loss may well turn out to be a gain for other ecommerce companies. Rival Amazon and Paytm are among companies that are keen on hiring the B-school graduates who were offered jobs by Flipkart but were later told to wait until December to join and not in June as was promised. Amazon, Paytm and other companies such as fashion marketplace app Voonik have been in touch with top business schools even as Flipkart continues to maintain its stance of not shortening the deferment period or increasing compensation for the students as sought by the institutes. Meanwhile, the students who got offers from Flipkart are looking for other options as most don’t want to wait until December, said placement sources at the B-schools. “We are very much open to hiring these guys,” Amazon HR head Raj Raghavan told ET, while adding that the American ecommerce major is on track with its own campus hiring. “From our side, we are honouring all the offers we made, onboarding people as per plan and are happy to look at these CVs,” Raghavan said. “These are all campuses we have relationships with.” Amit Sinha, HR head at Paytm, said campuses reached out to it and since it is growing at a fast clip, “we took the opportunity to review the candidates who may have received deferred joining dates and are keen to join Paytm”. This year, Paytm hired in two batches of 25 students each and most of its campus hires from IIM, XLRI and Indian School of Business have already joined. “We have positions open for another 40-50 people across commerce, events, bank, etc who can join as soon as August beginning, basically one month after selection,” said Sinha. Apart from the IIMs, MDI Gurgaon placements chairperson Kanwal Kapil also said Paytm had contacted the school. Companies from other sectors too have shown willingness in taking on board these students as the institutes swung into action to help them. Four IIMs Ahmedabad, Bangalore, Calcutta and Lucknow confirmed to ET that they have reached out to their recruiter base to line up alternative jobs for those affected. Flipkart made offers to 45 students on these four IIM campuses: 18 at Ahmedabad, 11 at Bangalore, nine at Calcutta and seven at Indore. “All our students who had offers from Flipkart told us that they want to consider alternative jobs,” said Sapna Agarwal, head of career development services at IIM-Bangalore. “Right now, they are our primary concern.” IIM-Ahmedabad’s placement committee chairperson, Asha Kaul, who had dashed off a letter to Flipkart on the joining date deferment issue on Monday, confirmed this. “We have reached out to recruiters and have companies contacting us as well,” she said. At IIM-Lucknow, campus coordinator Rishabh Gupta said Amazon and Voonik had reached out to the institute, along with companies from other sectors. IIM-Indore said though candidates haven’t actively started looking out yet, they too have received an email from Voonik stating that the company has openings. Sujayath Ali, cofounder and CEO at Voonik, confirmed its interest. “We have been approaching students. We have told them that while it’s okay if they want to wait for Flipkart, we have openings as well. Afew have already expressed interest in our offers,” he said. Though Flipkart has provided assurance that it will honour its job offers in December, campus sources said many students would prefer not to wait if they got something good in the interim. “I think Flipkart is hoping that the six-month deferral period will lead to some students dropping out on their own,” said a placement team member at a top IIM. “Right now, their focus on trimming costs and containing burn rate is more important to them than reputation management.” Paul Richardson Authentic Jersey
Snapdeal plans to scale down operations in regional offices
Online marketplace Snapdeal plans to scale down operations in its regional offices including Bangalore, Mumbai, Calcutta and Hyderabad, according to multiple people within the company. The Delhi-based company–which launched a performance improvement plan for certain employees in February– may even shut down a few offices in the next six months, if Snapdeal doesn’t raise a fresh funding round, the sources said. “The accounts and vendor management teams in Bangalore have already been cut to about 45 people from 85 people a year ago,” said one of the people quoted above. “The focus has moved to the ads business,” the person said. Category managers, account management executives and seller onboarding team managers who spoke to ET on condition of anonymity said few employees have been asked to relocate to Snapdeal’s head office in Delhi, prompting them to resign. “In some cases (employees) have even been given severance packages for two months,” said one senior executive directly involved in the retrenchment plans. In February, ET reported that Snapdeal has placed around 200 employees on notice. These employees had been asked to undergo a 30-day performance improvement plan (PIP). Most opted out as the demands of the company’s performance improvement plan were almost impossible to meet said those aware of the developments within the company. A spokeswoman for Snapdeal denied reports of any scaling down regional operations. “We are relocating all our NCR-based team members to our Gurgaon campus, as the lease on other smaller NCR based locations comes to an end. The capacity in the Gurgaon campus has been designed accordingly,” in an email response to a questionnaire from ET. “Any team members choosing to leave for their individual reasons receive all payments due to them per their employment contract,” she wrote in the statement. Backed by Japan’s SoftBank, Snapdeal is engaged in a battle with two major competitors– Flipkart and Amazon– for market share in India’s competitive online retail market. In April, ET, citing industry estimates reported that Amazon was India’s second-largest online marketplace by shipments dislodging Snapdeal. According to Shreedhar Prasad, Partner – Management Consulting, KPMG, “E-commerce players are still trying to figure out the right metric to hire. Since it is a relatively new concept, they are still learning the art, which is adding to their profitability concern.” Jersey
Government approves over Rs 5,530 crore for infra boost in 111 cities
The Centre has approved an investment of over Rs 5,530 crore for providing basic infrastructure in over 110 cities across six states under AMRUT scheme for the current fiscal. The cental assistance to these states – Madhya Pradesh, Gujarat, Rajasthan, Odisha, Jharkhand and Meghalaya – will be to the tune of Rs 2,453 crore. The funds will used for providing household water taps, improving water supply , sewerage networks/septage management, storm water drains, urban transport and provision of open and green spaces in these cities. “The Apex Committee, chaired by Urban Development Secretary Rajiv Gauba, approved a total investment of Rs 5,534 crore for 111 Atal Mission cities in the states of Madhya Pradesh, Gujarat, Rajasthan, Odisha, Jharkhand and Meghalaya,” an official release said. A total central assistance of Rs 2,453 crore will be given to these states, it added. For 2016-17, approved investment in 34 mission cities of Madhya Pradesh has been Rs 2,074 crore with central assistance of Rs 862.80 crore, while Rs 1,401 crore investment is approved for 31 cities of Gujarat with central assistance of Rs 599.18 crore. For 29 cities of Rajasthan, investment of Rs 1,120 crore is approved with central assistance of Rs 536 crore; for 9 cities of Odisha Rs 531 crore with central assistance of 265 crore; for 7 cities of Jharkhand – Rs.381 crore with central assistance of Rs 164 crore and for the lone Mission city of Shillong in Meghalaya Rs 26.67 crore with central assistance of Rs 24 crore, the release said. Urban Development Ministry will also convene annual meetings of all states and UTs to review the progress of implementation of various schemes and the first such conference will be held in the next two months. The decision was conveyed to these six states which attended the meeting of the Apex Committee convened for approving annual action plans of States under Atal Mission for Rejuvenation and Urban Transformation (AMRUT), the release said. Various stakeholders, including Ministers of Urban Development and Housing of all states/UTs, Mission Directors and Municipal Commissioners of all 500 AMRUT cities will be attending the two-day conference, it added. The six participating states informed the Committee that action is in progress for obtaining credit ratings for over 100 Mission cities and the process would be completed before the end of this year. These six states also proposed a total investment of Rs 43,569 crore by 2019-20 under AMRUT, the release said. Robert Covington Authentic Jersey
Infra companies keen on investment trusts, but want more clarity
Infrastructures developers such as IRB, GMR and IL&FS are keen to launch their infrastructure investment trusts after Sebi announced guidelines last week, but may hold their plans for more clarity on disclosure and accounting norms. An infrastructure investment trust (InvITs) offers an opportunity to promoters of projects to sell their stake in completed projects to the trust, which in turn can raise longterm and tax-free funds from unit holders.Markets regulator Securities & Exchange Board of India (Sebi) issued the norms for public issue of units of these InvITs which are likely to pump in liquidity into an otherwise cash-strapped infrastructure sector. “We are keen to tap this route for fundraising but until we have more clarity on accounting standards, disclosure and prospectus norms, we cannot go ahead with it. We expect Sebi to come out with guidelines on that soon so that this fund raising option can be exercised,” said IRB Infrastructure BSE 1.54 % Developers’ promoter and Chairman Virendra Mhaiskar. IRB and GMR Infrastructure BSE 0.97 % have already received the regulator’s approval for the trust while others such as Infrastructure Leasing & Financial Services have sought the regulators nod. L&T is also considering this route for fundraising. “We will look at it if we have the comfort that it will get long term investors since it is a product modelled for institutional and long term investors. Investors looking for short term gain may get frustrated if they invest in it,” L&T Chief Financial Officer R Shankar Raman said. The guidelines announced by Sebi last week give these developers more flexibility by allowing sponsors to reduce their holding in the trust to 10% from 25% mandated earlier. It also allows them to invest in two-level special purpose vehicle structure and increase the number of sponsors to 5 from 3. But companies may have to tweak their plans and may be able to raise less than what they had planned initially after Sebi detailed the eligibility criteria for projects that can be included. Most infrastructure developers are struggling with low cash flows and have heavily leveraged balance sheets, which constraints their ability to bid for new projects. Several projects, and even holding companies, are on the block but there have been far too few deals. “Very few deals are going through in the secondary Market even though a lot of projects are looking for equity investments as there’s a valuation mismatch. We will have to see what kind of valuation these trusts can fetch as it is a new route and there could be some teething issues,” said Shubham Jain, vice president at the rating agency ICRA. Infrastructure developers are refraining from bidding for new projects given their financial constraints with a number of bids for Build-Operate-Transfer (BOT) road project falling to 3-5 from about 20 during 2011-12. Martinas Rankin Jersey
Road transport ministry releases concept paper to take off old vehicle from the roads
The road transport and highways ministry has released the concept paper for its proposed voluntary vehicle fleet modernisation policy that aims to take off the old polluting vehicles (vehicles older than 11 years) off road. The policy aims at incentivising people to retire their old vehicles that were bought before March 2005 or are below BS IV standards. As per the government estimates, the scheme may take 28 million such units off the road and reduce emission. The concept note proposes cut in excise tax up to 50 per cent at the time of purchase of new car after scrapping old car, fair value for the scrap and discounts by automobile manufacturers. All these incentives is likely to reduce the cost of a new vehicle for a buyer by 12 per cent. It suggests complete excise exemption for state transport buses to encourage public transport and help decongest roads. “The decision of excise exemption is to be taken by finance ministry. We’ll try convincing them,” a senior government official said. “Voluntary Vehicle Fleet Modernisation (V-VMP) has the potential to reduce the vehicular emission by 25-30 per cent and saving oil consumption by 3.2 billion liters per year. The reducing in oil consumption by new vehicles will help save nearly Rs 7,000 crore in oil import,” said the concept note on V-VMP floated by the ministry on Thursday. The ministry has invited suggestion and objection of stakeholders within a fortnight. According to the concept note, those opting for V-VMP will have to deposit documents relating to the vehicle at the recycling centre. After verification of documents, the owner will get a V-VMP certificate and will get the price for the scrap. Then he has to provide the certificate to the dealer while buying the new vehicle to avail discount. Mats Zuccarello Womens Jersey
SpiceJet extends premium lounge service to three more airports
Budget carrier SpiceJet today expanded its premium lounge service to three more domestic airports including Varanasi. The Gurgaon-based airline already offers premium lounge facility to its fliers at airports in Delhi, Bangalore, Hyderabad and Kochi. SpiceJet has opened its new premium lounges, Club One Class Lounge at Jaipur, Varanasi and Guwahati airports, offering its customers a host of services, the airline said in a statement. Apart from comfortable seating, the lounge offers an array of facilities which include complimentary wi-fi access , flight information screen, televisions, and newspapers/magazines. The service which is available only at the domestic departure terminals of these three airports will also offer a fixed menu of eatables to be served during the operational hours of the lounge which would include soft beverages, vegetarian/non-vegetarian starters and desserts, SpiceJet said. Dennis Smith Authentic Jersey