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Jun, 18 2015

Nestle chief wants Maggi noodles back in India

The safety scare is a huge blow to the company, which has been selling its Maggi products for more than three decades in India, and has 80 percent of the country\\\'s instant noodle market.

Paul Bulcke, Nestle Chief said taht he want to see its hugely popular Maggi brand of instant noodles back on the Indian market as soon as possible after it was banned over safety issues, reported AFP.

The food safety authority of India has bannedthe popular instant noodle on 5th June after tests done by the state and the central authority shows that it contained excessive levels of MSG.

"The only thing that interests me is to have the product back as soon as possible and that things are cleared up. We are doing all we can to make contact with Indian authorities at the earliest as the product is safe,” said Bulcke.

On asking about the impact of the ban on jobs in India, he said production would resume "if we can resolve this fast." On Monday, the Swiss food giant said that the ban had led to 3.2 billion rupees (44.5 million euros, $50.5 million) worth of goods being withdrawn.

A Nestle spokesman said it was the biggest ever withdrawal of a product by the company.

The world's biggest food company is challenging the June 5 order from the government's food safety regulator and is in the process of destroying more than 27,000 tonnes of Maggi noodles after halting production.

The company had already announced it was pulling the product from sale when the Food Safety and Standards Authority of India imposed a ban following similar moves by some state governments.

Nestle does not give a breakdown of sales per brand but Jon Cox, an analyst at Kepler Cheuvreux, put it at around three billion Swiss francs (2.8 billion euros) a year.

The safety scare is a huge blow to the company, which has been selling its Maggi products for more than three decades in India, and has 80 percent of the country's instant noodle market.

Maggi scored as one of India's five most trusted brands in a consumer survey conducted last year.

Several celebrities have endorsed Maggi over the years, including Bollywood superstar Amitabh Bachchan.

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david@mbconsultancy.in 25, Jun 2018
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