Nestle India Suresh Narayanan, Chairman and Managing Director (CMD), has said that the way the Food Safety and Standards Authority of India (FSSAI) works has changed dramatically in the last decade and the regulator has become more proactive and industry-focused with faster response. It is done. Narayanan, who led Nestlé India after the Maggi crisis erupted almost a decade ago, said that apart from this, with the establishment of more number of NABL-accredited laboratories by various FSSAI leaders, the credibility of the testing process has also increased.
Maggi noodles were banned in 2015
FSSAI had banned Maggi noodles in June 2015 after lead was allegedly found above permissible limits, forcing the company to withdraw the product from the market. Industry observers believe that FSSAI came into limelight across the country only after the Maggi crisis. However, it was established almost seven years ago in September, 2008 to set science-based standards and rules and regulations for food items. Following the lifting of the ban, Nestlé India re-launched Maggi in November 2015 and regained its position in the fast-growing instant noodles segment, where it still leads with over 60 percent market share.
Nestle sold more than six billion servings of Maggi
Nestle has sold more than six billion ‘servings’ of Maggi, making India the largest market for Maggi worldwide. The company had made this claim in its latest annual report this year. Asked about FSSAI’s evolution as a regulator in the last decade following the Maggi crisis, Narayanan said it has “come a very long way.” Nestle India is a subsidiary of Swiss multinational Nestle SA. India is one of the fastest growing markets for Nestlé India.
