Nestle is destroying £32 million worth of its most popular noodles
Reuters
Nestle, which claims 80% of the Indian instant noodles market since it arrived with the Maggi brand in 1983, said in a statement that the noodles are safe and is challenging the ban.
Nestle said it will remove the noodles from India's shelves in the meantime while a BBC report said it was destroying the produce.
"There will be additional costs to take into account, for example bringing stock from the market, transporting the stock to the destruction points, destruction cost etc. The final figure will have to be confirmed at a later date," said Nestle in a statement, as reported by the BBC.
On June 5, India's Food Safety and Standards Authority of India (FSSAI) imposed the ban on Nestle's Maggi noodles after it allegedly found higher-than-allowed levels of lead in some packets.
Nestle said that the ban "raised issues of interpretation" in India's food safety laws and is challenging the decision in the Mumbai high court. Nestle also requested to see the results of the laboratory tests.
Nestle's global chief executive Paul Bulcke promised to return Maggi to store shelves soon.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- Private Equity Investments
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market