GCMMF's MD lauds Amul’s unique co-op model at FICCI event

Indian Coperative , Nov 02, 2020

The unique Amul model which empowers millions of farmers and which has yet to have a rival in terms of its seamless operation across villages, received a special mention at a FICCI webinar which was attended by Som Parkash, Minister of State for Commerce & Industry and Dr Krishnamurthy Subramanian, Chief Economic Adviser, GOI, among others.

Addressing the virtual session of ‘FICCI MASSMERIZE 2020’, Sodhi talked about the dairy sector in detail and claimed that Amul’s suppliers are its owners- a strong force of 3.6million farmers. Speaking at a Webinar of industry captains organized by FICCI, GCMMF Managing Director R S Sodhi said India is the only country in the world to unleash second generation reforms due to COVID-19. There are enough opportunities for creating ethical wealth in India, added Sodhi.

“COVID or no COVID, food is one sector that will never be impacted. The only thing that changed is the share of stomach; it became 100% home-cooked food. And because of this, the selection of ingredients and brands changed”, tweeted RS Sodhi giving excerpts of his speech at the function.

Inaugurating the two-day event Som Parkash, Minister of State said that the government is in the final stages to launch the new National Retail Trade Policy. “It is being formulated to support the development of the sector that will benefit 65 million small traders.”

Dr Krishnamurthy Subramanian, Chief Economic Adviser, Govt of India said that Atmanirbhar Bharat is all about self-reliance which is directly related to creating capabilities. “Self-reliance can never happen without adequate capabilities. Capabilities are built only by competing with the best,” he added.

Dr Subramanian said that with the reforms launched in the last few months, India is the only country that utilized the opportunity provided by the current crisis to unleash the second-generation reforms. “These reforms are focused on factor markets and not like other reforms which focused on product markets post 1991 era,” he added.

Devendra Chawla, Co-Chair, FICCI Retail and Internal Trade Committee & MD and CEO, Spencer’s Retail Limited and Nature’s Basket Ltd said that under the Atmanirbhar Bharat, an ecosystem is being formed for the manufacturing sector. Chetan Krishnaswamy, Vice President, Public Policy, Amazon also spoke on the occasion.

Adarsh Menon, Senior Vice President & Head, Flipkart Wholesale & Walmart India said the pandemic has brought to light the ability for digital companies to innovate. Sanjay Kumar, Partner – Public Policy and Tax, Deloitte India moderated the webinar.

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