Indian Spice firm sacked 300 employs after Maggi ban

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MUMBAI : As many as 300 employs were sacked by Indian Spices company who use to supply spices to Nestle for Maggi.

Paras Spices Private Limited supplied nearly 200-250 tonne spices monthly to a Nestle unit in Moga for Maggi noodles and earned around half of its nearly Rs 1.2 Billion revenue as a result.

“Stopping of Maggi production at the Nestle plant has badly affected business of ancillaries in Moga area,” said Paras Spices managing director Vinay Kumar.

“We were supplying spices worth nearly Rs 0.5 billion annually but now we have to shut our unit for the time being.”

He said they have asked 300 temporary employees engaged in the production work to look for other jobs. “If the ban persists for long, it may affect our contract farming venture as well.”