CFTRI had tested five samples of the product sent by Goa Food and Drug Administration (FDA) when Maggi was banned in June in the wake of findings in Uttar Pradesh and other states that the instant noodles brand had lead and MSG levels beyond permissible limits. FSSAI had also banned Maggi instant noodles terming them “unsafe and hazardous” for human consumption. Veljee added that the CFTRI reports re-confirmed the consistent analytical results findings of the State FDA Goa laboratory, in which all the said five samples of Nestle’s Maggie conformed with the Food Safety and Standards Rules/Regulation 2011.
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Nestle SA’s Maggi noodles comply with food safety standards, authorities in India’s Goa state said, in the first such ruling since the popular instant snack was pulled from stores after another state lab reported high lead content. “Lead is below permissible limits”.
The findings drove up Nestlé India’s stock by as much as 10% on Wednesday morning, as investors looked forward to a possible resolution of a controversy that has hit the company’s bottom line.
An Indian court has concluded hearing a case filed by Nestle India challenging a local regulator’s report that Maggi instant noodles contained excess lead, a lawyer for the company said.
It has been noted that the prepared dish segment contributes almost 30 per cent to the company’s overall revenues, while Maggi forms approximately 25 per cent of overall revenues.
“If the FSSAI has given clean chit to the company they should have submitted the report to the authorities”, he said.
Nestle maintains that Maggi is safe.
Industry analysts agree that this is one of the strategies that Nestle India may employ to get their balance sheet back on track.
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“Nestle India is making all efforts and will continue to engage with authorities to bring Maggi Noodles back on the shelves”, managing director designate Suresh Narayanan had said last month.
