Mumbai-born Noon has donated 200,000 pounds and raised another 250,000 pounds from other Muslim businessmen since taking up the post a month ago.
Royal Halal is a range of premium frozen ready-cooked meals that promises quality and the authentic taste of home-cooked food, Noon told reporters after the launch.
Sir Gulam Noon, known as the 'Curry King' because of his ready-meals firm, said a ban was required to prevent right-wing extremists such as the British National Party exploiting racial tensions in the UK.
Three other Labour donors, including NRI entrepreneur Chai Patel who secretly loaned the party £ 4.5 million, have already been blocked by the Commission after being nominated as peers by Downing Street.
The awarding of life peerage to 28 persons, including non resident Indian entrepreneurs Sir Gulam Noon, Chai Patel and Sandip Verma has been held up following an inquiry into allegations of "honours for cash" by the official honours watchdog.
Britons of Asian origin, including Indians, generate a whopping 103 billion pounds for United Kingdom's economy, a study indicated on Thursday.
Subhash Chandra, Chairman, Zee & Essel Group has received the Honorary Doctorate of Business Administration from the University of East London (UEL).
Mumbai-origin Gulam Kaderbhoy Noon, who migrated to Britain with little funds and went on to found several Indian food companies that made him known as Britain's first 'Curry King', died on Tuesday at the age of 79 after he surrendered in his battle against liver cancer.
The ball was set rolling by the Opposition party's Labour Friends of India when its chairman, Barry Gardiner MP, sent a letter to Modi last week inviting him to the House of Commons to speak on 'The Future of Modern India'.
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