FMCG industry is the 4th largest sector in India. This sector is also popularly known as consumer-packaged goods and consists of consumables (other than grocery and pulses) that people buy at regular intervals. Food Products, Personal Care and Fabric Care are top three components of this sector by market share. Best Compliance software for FMCG Industry.
Growing awareness, higher disposable incomes, easier access and changing lifestyles are the key growth drivers. Rural demand continues to contribute to double digit growth in this sector. There are several medium and large domestic and multinational players in this space. All of them have multi entity and multi-location presence across the country with complex operations and hence complex compliance environment.
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Managing Labour Compliances for FMCG industry needs deep expertise of the law along with resources across your organization for day to day management. Most organizations do not have in-house capabilities and resources to manage the complexity. As a result, they end up outsourcing services to third party vendors.
Four Types of Labour Compliances
• Payroll Compliances
• Shops & Establishment Compliances
• Factory Compliances
• CLRA Compliances
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