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As we work towards a Viksit Bharat, FMCG sector’s adaptability, resilience will be key to shaping a strong & sustainable economy: Paswan
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Thursday, 10 October, 2024, 13 : 00 PM [IST]
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Our Bureau, New Delhi
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Chirag Paswan, Minister of Food Processing Industries, Government of India, while addressing the 13th edition of ‘FICCI Massmerize 2024’, emphasised on ensuring that quality of products should never be compromised in every sector as it will not only impact company’s brand but India’s brand as well. He added that the government is working on establishing our own Indian standards which should be accepted by the world.
Paswan stated that Indian retail, FMCG and e-commerce sector is an important pillar of India’s growing economy. He said, “As we work towards a Viksit Bharat, the FMCG sector’s adaptability and resilience will be key to shaping a strong and sustainable economy. These sectors will play a leading role in achieving Prime Minister’s vision of an Atmanirbhar Bharat.”
The Minister further emphasised on the need to identify and tap the abundant resources present within the country. The government, he said is also working on converting India’s population into an asset for the nation with immense opportunities. He said, “India, as a market not just gives huge opportunity domestically but also to the world as well. Our population gives us the diversity in every sector through new technologies and innovation.”
Reiterating PM’s vision, Paswan highlighted on the importance of reform and transform. “India has seen transformational reforms and attained to new heights in last 10 years which the world is witnessing. The industry has a very big role in this journey. Every stakeholder has an important role in the journey of Amrit Kaal to make India a developed nation by 2047,” he added.
Speaking about the developments in the Food Processing sector, Paswan highlighted that the prime objective of the government is to ensure minimizing food wastage with value addition. He added that soon 50 multi-purpose food irradiation units will be set-up along with 100 food testing labs.
Addressing the session ‘Navigating consumer behaviour shifts and strategies for success’, Nidhi Khare, secretary, Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution, Government of India, said, “We are committed to enhancing consumer experience through efficient system of grievance redressal. Our dedicated national consumer helpline aims to resolve as many complaints as possible. Notably, the number of registered complaints has doubled since last year, indicating growing consumer confidence in national grievance redressal mechanism.”
Harsha V Agarwal, senior vice president, FICCI and vice chairman & managing director, Emami Limited said that going forward, innovation and technology will drive the FMCG sector with sustainability at the core of all activities. “As we look to the future, embracing innovation and digital transformation will be critical for staying competitive,” he added.
Kumar Venkatasubramanian, chair FICCI FMCG Committee & CEO, Procter & Gamble, India, said that FMCG sector is a key simulator of our consumption-led economy. It plays a pivotal role in driving double-digit growth and realizing the vision of ViksitBharat. “Innovation, resilience and growth are truly the hallmark of the Indian FMCG sector,” he added.
Siddharth Shah, chair, FICCI E-commerce Committee and co-founder & CEO, Pharmeasy delivered the vote of thanks.
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