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Amway India hails Government's proposal for legislation on direct selling. This will protect the interest of the company, the distributors and the consumers
Titolo originale
Amway Welcomes Indian Government's Proposal for Legislation
Amway India hails Government's proposal for legislation on direct selling. This will protect the interest of the company, the distributors and the consumers
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Attribution Non-Commercial (BY-NC)
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Amway India hails Government's proposal for legislation on direct selling. This will protect the interest of the company, the distributors and the consumers
Copyright:
Attribution Non-Commercial (BY-NC)
Formati disponibili
Scarica in formato PDF, TXT o leggi online su Scribd
BADDI (HP): Amwa y Indi a, a l ea ding compa ny enga ged i n di rect marketi ng of cons umer products i n the country, ha s wel comed the Union Government’s propos al for a legi s la tion to control `direct s el l ing’ bus i nes s i n Indi a . Speaki ng to a media del egati on from Andhra Pra des h at thei r ma nufacturing uni t at Baddi i n Hima chal Prades h, Amway Indi a ma nagi ng di rector and chief executive offi cer Wi ll i am S Pi nckney hoped tha t the l egis l a ti on woul d protect the i nteres ts of cons umers , dea lers and compani es . Bes ides , he s a id, the l egi s l ati on woul d help i ncrea s e the reputati on of genui ne compani es i n view of the s everal bogus compani es dupi ng publi c i n the gui s e of di rect s el l i ng. Pi nckney s ai d the mus hroomi ng of fa ke compa ni es res ulted i n mi s i nterpreta ti on of di rect s el li ng a nd ca us ed da ma ge to the reputati on of genui ne companies l ike Amwa y Indi a . ``There s hould be a code of conduct, whi ch is l i kel y to be brought i n by the legi s la tion to boos t the bus ines s ,’’ he s a id. Cons idered to be one of the bi gges t direct‐s el li ng compa ni es in the worl d, Amwa y Indi a i s facing lega l a nd s oci a l hurdl es for a l legedl y i ndul ging i n wrongful marketi ng acti vi ties . Des pi te i ts l egal battle i n Andhra Prades h for a l leged dupi ng of i ts deal ers , Amway India i s pl anning to tripl e i ts production at i ts Ba ddi uni t to cater to the needs of Andhra Pra des h a nd other s outhern States whi ch compris e 50 per cent of i ts bus ines s . Amway India grew by 40 percent duri ng 2008‐09, ea rni ng Rs 1,128 crore a gai ns t Rs 800 crore duri ng 2007‐08. The bus i nes s i s expected to touch Rs 2,500 crore by 2012‐13 a nd a ri s e in revenue by 27 percent thi s fi s ca l . “About Rs 55 crore is being i nves ted for expans i on of the unit to be compl eted by Februa ry next year,’’ s a id Sa jan Ki ra n, a s s i s ta nt vice‐pres i dent of Sarvotha m Ca re a t Ba ddi , which ma nufactures a bout 85 percent of the Amwa y products . Further, the company i s l aunching new products l i ke coconut oi l, a mla hai r oi l , di s pos a ble razors and s ha vi ng crea ms this yea r. di leep@epmltd.com