Chandra Bushan, deputy director general at non-profit think tank Centre for Science and Environment (CSE), has said that controversies such as Maggi are just a beginning as regulators are looking for stricter rules. "Expect standards to come in for different products categories. Changes will be made in the next five years in domestic as well as imported processed foods categories," he said during an analyst conference call on ongoing probe of harmful substances in packaged foods.
Damodar Mall, CEO, value formats and consumer business, at Reliance Retail, had said in a statement on Friday, "We believe that the uncertainty is unwarranted and undeserved. But it merits the launch of a robust, nationwide process of reassuring ourselves and our valued stakeholders."
In 2014, the domestic instant noodle market was valued at Rs 3,800 crore, with value growth of 7.4% and volume growth of 2.9%. According to the World Noodle Association, the global instant noodle market is estimated at 100 billion packs.