FMMMA and SPR Group Set up Awards for Responsible Trade Practices

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~ Maiden Award Ceremony to be held in July 2019 ~  

 Chennai, April 23, 2019: Federation of Madras Merchants and Manufacturers Associations (FMMMA) in association with leading South Indian developer, SPR Group, today announced the institution of the first ever Market of India Trade Awards (MOITA) in Chennai. The announcement coincides with the Silver Jubilee of FMMMA.  The primary purpose of these awards is to create a bond within the entire business community on principles of fairness, integrity and equity. Over 40 awards will be presented under 15 different categories based on nominations received from various trade associations under the umbrella body of FMMMA. The award winners are expected to be announced in July 2019.

FMMMA, formed in 1994, is a 42-member strong body comprised of various trade associations and represents almost all trades. It roughly has around 15,000 traders. FMMMA has always been at the forefront in educating the traders on various taxation laws, regularly conducting seminars etc.

Commenting on the newly instituted awards at the 25th year celebrations, Mr. Surendar Vyas, President, FMMMA said, “With a clear goal of creating ripples throughout the trade Industry in India, the team of FMMMA have been setting bench marks over the years. The launch of MOITA will serve as another benchmark to enhance overall competitiveness through better performance in the trade industry.

Mr. Navin Ranka, Director, SPR Group said, “Our aim is to recognize business leaders who have created a positive impact on how business should be carried out. We intend to create ‘Excellence Ambassadors’ to spread the message of world class business ethics, principles and high quality practices across the business community. All awards given by MOITA shall be on the principles of fairness, equity and integrity. Evaluation will be done by an independent Jury of eminent personalities. Sponsors of the awards will not be involved in the judgement process.”

SPR Group is the developer behind Market of India, which is expected to grow into South Asia’s largest wholesale market. Located in SPR City, the first-of-its-kind trade center, will have over 5000 shops and offices and will offer world-class facilities.

Corporate Comm India(CCI Newswire)