The Nestle Maggi which was once everybody’s favorite, now have to incur a huge loss in India after the food regulatory dismissed it as dangerous for consumption. As per the reports, Nestle is paying Gujurat Ambuja Cements Rs.20 crore so as to destroy the packs of Instant noodles Maggi which was brought back from the Indian market.
Already the company has borne the charges of first bringing back the packets, then transporting the goods to destruction point and now the cost incurred to destroy it.
“Gujarat Ambuja Cements is … helping us to destroy the Maggi noodles being withdrawn by us from the market.” said an official from Nestle. Further he added, “In addition to the value of stocks being destroyed there will be additional costs to take into account, for example bringing back stock from the market, transporting the stock to the destruction points and destruction cost etc.”
Sigh, Seriously they have already backed out from the Indian market and now this. We still Love you Maggi!
What you have to say about the loss? Is it good, that they incur this or you think more loss could have been done?
