Economy · India
Old Monk Maker Faces FSSAI Label Dispute, Factory Shutdown
Mohan Rocky Springwater Pvt Ltd, the maker of Old Monk, has stated that its factory in Khopoli has been shut since May due to a standoff with the Food Safety and Standards Authority of India (FSSAI) over a 'rum-like' label. The company claims this shutdown has resulted in a loss of Rs 500 crore, with 300 workers rendered idle. Additionally, the company informed the High Court that Maharashtra has lost ₹300 crore in excise revenue since the plant's closure.
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- Centre (6): Business Standard, DNA (Daily News & Analysis), Mathrubhumi English, Mint, The Free Press Journal, The Statesman