Fast Moving Consumer Goods (FMCG) goods are popularly named as consumer packaged goods. Items in this category include all consumables (other than groceries/pulses) people buy at regular intervals. The most common in the list are toilet soaps, detergents, shampoos, toothpaste, shaving products, shoe polish, packaged foodstuff, and household accessories and extends to certain electronic goods. These items are meant for daily of frequent consumption and have a high return. The Indian FMCG sector is the fourth largest sector in the economy with a total market size in excess of US$ 13.1 billion.It has a strong MNC presence and is characterised by a wellestablished distribution network, intense competition between the organised and unorganised segments and low operational cost. Availability of key raw materials, cheaper labour costs and presence across the entire value chain gives India a competitive advantage.
The FMCG market is set to treble from US$ 11.6 billion in 2003 to US$ 33.4 billion in 2015. Penetration level as well as per capita consumption in most product categories like jams, toothpaste, skin care, hair wash etc in India is low indicating the untapped market potential. Burgeoning Indian population, particularly the middle class and the rural segments, presents an opportunity to makers of branded products to convert consumers to branded products.
Growth is also likely to come from consumer 'upgrading' in the matured product categories. With 200 million people expected to shift to processed and packaged food by 2010, India needs around US$ 28 billion of investment in the food-processing industry.
Key Initiatives / Information
Confederation of Indian Industry (CII) and United States-India Educational Foundation (USIEF) announce the Fulbright-Nehru-CII Fellowships for Leadership in Management Program for the academic year 2012-2013. Indian business managers, whose employers would be willing to bear 50% (US$ 18,400) of the total cost (US$ 36,800), may compete to attend this specially designed management program at the Carnegie Mellon University’s Tepper School of Business in Pittsburgh from May 23 to July 31, 2012. Aimed to broaden overall perspectives and to strengthen strategic, functional and leadership skills in global business, this program combines classes with group work, industry visits, and networking.
Complete announcement matter and application materials are available at USIEF website www.usief.org.in.
November 15, 2011 is the application deadline.
Comments on Plastic Waste (Management & Handling)Amendment Rules, 2011.
We thank you for this opportunity to provide our suggestions on the Plastic Waste (Management & Handling) Amendment Rules, 2011. On behalf of CII National Committee on Retail and FMCG.
76th CII Northern Region Business Outlook Survey is a quarterly study conducted to gauge the sentiment in the economy. Earlier, the survey was conducted bi-annually, but from the 74th Survey onwards the study is conducted on a quarterly basis in order to get a more frequent indicator of business sentiment. The current survey gives an outlook on business sentiments for the first quarter of 2011-12 as compared to the last quarter of 2010-11.
FMCG Issues taken up by CII include GST; Environment Protection Act notification on use of plastics; Sugar Representation; Cross Border Taxation; Competition Act etc.
CII News Update
COOLEX – 2013, Confederation of Indian Industry’s exclusive exposition on air conditioning and refrigeration was inaugurated by Mr Sanjay Agarwal, Principal Secretary – Infrastructure & Industry, GoUP . The exhibition was open to the public till April 22nd where people came take a look at the lates.....
Continuous Change and Improvement is the key driver for overall growth of the Organisation said by Dr Krishan Kumar, Former Director, Maruti Centre of Excellence (MACE) in his special address at the 4th Lean Six Sigma Summit organized by Confederation of Indian Industry (CII ) NR in New Delhi, toda.....
“India-Pakistan relations would improve a lot with a boost in trade ties through fairs like the CII Chandigarh Fair,” emphasized H E Mr Jagannath Pahadia, Governor, Haryana, while inaugurating the 17th CII Chandigarh Fair, supported by National Small Industries Corporation (NSIC), amongst massive c.....
“If ideas and capital move, even if people don’t move, we will reach a stage where we will forget the rural-urban divide,” Professor Abhijit Sen, Member, Planning Commission, Government of India, said in his inaugural address at the 4th National Rural Development Summit – Rural Services – the NEXT .....
CII Awards & Recognitions
CII and Export Import Bank of India have, in 1994, jointly established the CII-EXIM Bank Award for Business Excellence, with the aim of enhancing the Competitiveness of India Inc. The Award is based on the internationally recognized EFQM Excellence Model.