Global food companies team up to avoid Maggi-like fiasco in India

INDIA - To avoid another Maggi-like fiasco, global food companies such as Cargill, Nestle, Coca-Cola, Danone, Tesco, Metro Group and Amazon have come together in India to work with the government, the regulator and academia to ensure food safety. The Global Food Safety Initiative (GFSI), which is managed by France-headquartered international trade organization Consumer Goods…

GST impact: Fake brands of packaged food flood market

INDIA - With the packaged food industry taking a hit because of the GST burden, businesses from across India applied for deregistration in a bid to escape the tax. Popular trademarks went off the shelf overnight and manufacturers began selling products under new, unregistered trademarks. The GST Council in September issued a clarification saying registered…

McDonald’s may appoint new partner for north, east India

INDIA - After months of intense battle with its Indian joint venture partner Vikram Bakshi, fast food giant Mcdonald's India may soon appoint a licensee partner for the north and east India region. In August this year, McDonald's had terminated franchise agreement for 169 out of its 430 fastfood outlets operated by Bakshi-led Connaught Plaza…

Maggi compliant with latest FSSAI norms, no ash added – Nestle

INDIA - FMCG major Nestle India said today that Maggi complied with the latest guidelines of food safety regulator FSSAI and it does not add any ash to its popular noodles. District administration of Shahjahanpur, UP, had slapped a fine on Nestle India and its distributors last week after Maggi had allegedly failed to pass…

Nestle faces fine over high ash content in Maggi noodles

INDIA - Nestle India Ltd, a unit of Swiss packaged food company Nestle SA, has been told to pay a fine after a Lucknow-based laboratory found ash content higher than the permissible limit in samples of Maggi noodles, the company’s biggest revenue earner. A Nestle India spokesperson however denied that any ash was added to…

Study shows India’s food processing sector to get US$33b by 2024

INDIA - India's food processing sector has the potential to attract $33 billion investment by 2024, according to a study released here today. The country's food and retail market is expected to touch $482 billion by 2020, up from $258 billion in 2015, with recent reforms making the sector more competitive and market- oriented, it…

Eveready Industries and plantation major McLeod Russel seal tea JV deal

INDIA - Williamson Magor Group (WMG) companies Eveready Industries India and McLeod Russel on Friday entered into a 'share purchase cum shareholders agreement' to jointly manage the group's packet tea business. The group plans to trasnform EIIL's wholly owned subsidiary Greendale India Ltd (GIL) into a 50:50 JV with both EIIL and McLeod Russel holding…