The Sessions saw a host of key industry leaders from FMCG giants like Unilever, Marico, ITC , Mondelez International and others
CII recently organized National FMCG Summit in Mumbai with a theme ‘Growth Wapsi: Revving Up FMCG Growth’.
While delivering the keynote address, Nitin Paranjpe, President, Foods and Refreshment Division, Unilever said, “Our world today is defined by extreme polarization, anti-globalization with protectionism raising its head, changing notions of value and increasing impatience among the new generation. The environment is under stress with 16 of the 17 hottest years occurring since 2001. In this context, only brands that matter are those that stand up for an issue – societal or environmental and are defined by authenticity and consistency. Business came into existence because of society’s need. The purpose of business is not wealth maximization, it is fulfilling consumers’ needs and that is the principal driver of growth.”
Welcoming the gathering Bharat Puri Chairman, CII National Committee on FMCG and MD, Pidilite Industries highlighted, “India consumption story is a big story. As per the famous S curve, when per capita income touches 4000$ when consumption really takes off and as per the market valuations of many consumer companies it looks like the stock market already believes its about to happen. It’s clear, India is already one of the largest markets. At the heart of all of this is the consumer. The real winners are those who will benefit from increased consumption. Those who continuously delight the consumers will prevail and therefore this is the right time to discuss the consumer of the future.”
The Sessions saw a host of key industry leaders from FMCG giants like Unilever, Marico, ITC, Mondelez International and others.