Crafting a Winning Business Strategy with ISB Executive Education’s Product Management Programme

The ISB Executive Education’s Product Management Programme is designed to equip professionals with the skills and knowledge required to develop and implement successful business strategies that align with customer needs

This program offers a comprehensive curriculum that covers key aspects of product management, including market research, product development, and customer engagement. The Food Safety and Standards Authority of India (FSSAI) is planning to significantly expedite the licensing process for traders and distributors, aiming to issue licenses within 24 hours of application. This initiative is part of the government’s 100-day agenda to improve the ease of doing business in the food sector. Presently, obtaining a license from FSSAI takes one to two months, even for traders and distributors. The new proposal involves setting up a dedicated digital platform where traders can upload required documents and receive their licenses within 24 hours. The expedited licensing process is specifically for traders and distributors, not for manufacturers.

FSSAI licenses are issued digitally with a QR code that links to detailed information in the FSSAI database, enhancing transparency and reducing fraudulent activities. In line with industry demands, a central advisory committee recommended extending the validity of FSSAI licenses from one year to up to five years, eliminating the need for annual renewals. This initiative by FSSAI is expected to streamline operations for food business operators and facilitate easier compliance with regulatory requirements. The digital platform will ensure a quick turnaround for license issuance, which is a significant improvement over the current lengthy process. This change will particularly benefit traders and distributors, helping them operate more efficiently and focus on business growth. By aligning business strategies with such regulatory advancements, professionals equipped with the knowledge from ISB’s Product Management Programme can better navigate market challenges and drive their companies toward success.