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…

Marico enters soup segment, plans healthy snacks too

INDIA - Marico started selling Saffola soups last week, entering a Rs 450 crore (US$70 million) segment that is dominated by Hindustan Unilever and Nestle. The move is part of its strategy to launch healthy, in-between snacks and at the same time, add premium products to its portfolio as it targets a 70% increase in…

Eveready joins hands with McLeod Russel to scale up tea business

INDIA - Williamson Magor Group companies Eveready Industries India Ltd and McLeod Russel India Ltd on Friday announced they are to form a 50-50 joint venture to scale up Eveready’s packet tea business. Evererady, the battery and flashlight maker, said in a statement that its packet tea business “was not receiving adequate attention and focus…

Ministry, Coca-Cola sign MoU to boost India’s agro ecosystem

INDIA - The Ministry of Food Processing Industries and Coca-Cola India, has signed a Memorandum of Understanding towards investing in the agri-ecosystem of the country. In this agreement signed at the World Food India, The Coca-Cola Company, its bottling partners and its fruit suppliers and processors in India, will contribute US$1.7billion in the agri ecosystem…

FSSAI issues new regulation, common logo for organic foods

INDIA – Indian food safety and standards regulator FSSAI has released a unified regulation on organic foods in the country, as the country hopes to tap into growing worldwide demand. It has also launched a common logo with a tagline ‘Jaivik Bharat’ to be used on certified organic foods to act as a symbol of…