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Aug, 14 2014

FMCG majors join hand

The meeting with company heads indicates the importance of product approvals for these companies at a time when they are seeing signs of a turnaround in the market after a two-year slump.

FMCG majors like GlaxoSmithKline, Coca-Cola India, Kellogg, Cargill India, Mother Dairy, Ferrero Group and McCain Foods recently met the food safety regulatorto settle issues that delay product approvals and lead to skirmishes between the firms and authorities.

The meeting with company heads indicates the importance of product approvals for these companies at a time when they are seeing signs of a turnaround in the market after a two-year slump.

Speaking on the same, Chandramouli Venkatesan, Cadbury India, said, "We are implementing the food safety standards on a huge scale for the first time in the country. It is a big challenge and there are also litigations but ultimately, it is for the benefit of the consumer.”
 

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