– FMCG companies are heavily influenced by policies on taxation, sustainability, and consumer protection. – Supportive regulations drive growth and innovation in the sector.
Why Government Policies Matter for FMCG
– Uniform tax structure reduced complexities in supply chains. – Lower GST rates on essential items ensure affordability and boost demand.
GST
– Stricter labeling and safety norms promote consumer trust. – Push for fortification of staples benefits health-focused FMCG companies.
FSSAI Regulations
– Encourages FMCG companies to invest in domestic manufacturing. – Policies supporting MSMEs foster competition and diversity in the sector.
Make in India Initiative
– Plastic waste management rules compel FMCG brands to adopt sustainable packaging. – Incentives for companies investing in renewable energy and green logistics.