FSSAI, in June had banned Maggi noodle product says it was \"unsafe and hazardous\" for consumption after finding lead levels beyond permissible limits. The company had withdrawn the instant noodle brand from the market.
Elaborating on upcoming plans, the company\'s Director Sidhant Gupta said, \"This is part of our comprehensive business transformation strategy to become a key player in dairy industry business.\"
Parag has plans to expand its cheese capacity from a current 40 tonnes per day. The cheese market in India is estimated to be about 29,000 tonnes per annum valued at about Rs 850 crore and is clocking a 25 percent growth rate.
\"Available in China only, this effort is similar to recent globally licensed Pepsi products which include apparel and accessories,\" the spokeswoman said.
Today the company in a filing to the BSE said its Chairman and non-executive director Antonio Helio Waszyk will relinquish as a director of the company.
It has offered huge discounts on the range of products that this subsidiary of Norwegian conglomerate Orkla produces and markets predominantly in south Indian markets.
Patel added that Sodhi has done a remarkable job especially in marketing. He has a long experience of working with the cooperative and had worked with Dr Kurien.