A recent study conducted by the Confederation of Indian Industry (CII) suggests that Indian investments in the African region have the potential to double, reaching approximately $150 billion by the year 2030. This upward trajectory is driven by Indian companies' growing pursuit of new avenues for expansion and their concerted efforts to optimize existing operations. In an era where online sales are gaining increasing prominence, brands, retailers, distributors, and suppliers can harness the power of the ONDC (Open Network for Digital Commerce) to foster connections within their ecosystems and establish direct links with end consumers. Over the past few months, a diverse range of industries, including grocery, food delivery, home and decor, electronics, fashion and lifestyle, beauty and personal care, as well as pharmaceuticals, have actively leveraged the ONDC network. This platform empowers small merchants and Micro, Small, and Medium Enterprises (MSMEs) to effectively address their demand and supplier connections, ushering in a new era of commerce.
This week’s edition of “Indian Retail at a glance” shares insightful articles on What India’s banking system can learn from shampoo sachet revolution? Why FMCGs want a big bite of Haldiram’s? How G20 inclusion opens up a continent of opportunities?
Traditional snack: Why FMCGs want a big bite of Haldiram?
Haldiram’s, a popular bhujia brand whose legacy goes back to a small shop in Bikaner started by Gangabishan ‘Bhujiawala’ Agarwal, was in the news this week as a potential acquisition target for Tata Consumer, the fast-moving consumer goods (FMCG) arm of the Tata group.
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What India’s banking system can learn from shampoo sachet revolution
Even seasoned statisticians can be thrown off by India’s scale. Its GDP is currently about $2.9 trillion, which makes it the world’s fifth-biggest economy in nominal terms and the third in purchasing power parity (PPP), only behind China and the USA.
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Consumer brands must lead in building ONDC ecosystem
Deloitte India's whitepaper states that India's Open Network for Digital Commerce (ONDC) has the potential to transform the e-commerce sector, providing visibility of products and services for consumer and retail brands.
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Bisk Farm appoints Saikat Ghosh as Senior VP and Head of Sales
SAJ Food Products Pvt Ltd, an FMCG company, has announced the appointment of Saikat Ghosh as the Senior Vice President and Head of Sales for its flagship brand, Bisk Farm.
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Marico COO Resigns, Vaibhav Bhanchawat To Take Over For Sanjay Mishra
Marico Limited's Chief Operating Officer,Sanjay Mishra has resigned to pursue an opportunity outside the organization, the company announced through an exchange filing. Mishra's last working day will be on December 15, 2023.
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G20 inclusion opens up a continent of opportunities
The inclusion of the African Union into the G20 forum has significant implications for Indian businesses, top India Inc executives and experts say. India’s investments into Africa are around $74 billion, according to data from the ministry of external affairs, with investments driven by companies in sectors such as oil and gas, mining, telecom, pharma, textiles, automotive, fast moving consumer goods (FMCG) and agriculture.
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Small FMCG players regain Indian market share as raw material prices cool off
Unilever said the Indian market is seeing a lot of aggression from small players in the FMCG sector after raw material prices cooled off forcing its subsidiary Hindustan Unilever (HUL) to focus on volumes and price cuts. The FMCG major shared the observations at the Barclays Global Consumer Staples Conference on September 6.
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