Practice Areas
   
 
Banking and Financial Services Information Technology KPO / BPO / ITES Consumer and Retail (FMCG)
   
 

FMCG (Fast moving Consumer Goods)

With the country’s economy on an all-time high and consumerism clearly the order of the day, the Rs 70,000-crore FMCG industry is all poised to become the largest recruiter of manpower in the years to come.

With the increased willingness to spend backed by the ability to do so, higher growth is expected in the sector. Each year FMCG sector generates 5% of the total factory employment in the country and three million retail opportunities per year; not only in big metros but in small towns and rural areas as well.

FMCG Sector is expected to grow by over 60% by 2010. That will translate into an annual growth of 10% over a 5-year period. It has been estimated that FMCG sector will rise from around Rs 56,500 crores in 2005 to Rs 92,100 crores in 2010. According to industry analysts, major acquisitions and entry of MNC’s have played a significant role in propelling the growth of the industry. This has created a record number of jobs in the sector.

The governmental policies too are helping this sector to gallop ahead. Several tax sops alongside a greater focus on infrastructure development and boosting of the rural income, has created a massive rural consumer base for FMCG companies.

Ready to eat foods, ready made clothes and daily products for domestic use are the largest grosser in the retail marketing sector offering lakhs of jobs in the retail areas every year. The most happening sector right now is undoubtedly, the RETAIL arena. Retailing has immense potential and with a billion plus market to sell goods in; it is going to be a haven for manufacturers- Big or Small! The sprawling of new shopping malls and arcades has given a tremendous fillip to the retailing industry, that is all set to be a large employer of skilled technical professionals in the years to come.

FMCG and retail is expected to grow by over 60% in another 3 years giving ballast to opportunities in this area. It has been estimated that this sector will rise to Rs 92,100 crores in a few years. According to industry analysts, major acquisitions have played a significant role in propelling the growth of the industry. This has created a record number of jobs in manufacturing, retailing and FMCG markets.

If you are dreaming of making it big in this sector, or you are a player in this sector looking for manpower, feel free to contact our consultants.