Thursday, December 12, 2013

IDSA unveils Annual Survey Report FY 2012-13

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2 left to right-Mr. Saurabh Sanyal, Ms. Chavi Hemanth, Mr. Amarnath Sengupta, Dr. S. P. Sharma

Direct Selling Industry continues to aim high despite hurdles reaching at Rs. 7,164 crores
New Delhi, 12 December 2013:
Key Statistics
· Direct Selling Industry grew by 12.2% in 2012-13
· Industry Market Size reached at Rs. 7,164 crores for 2012-13
· Expected to attain Rs. 34,000 crores by 2019-20
· Average turnover of Northern region reaches at 27% in 2012-13 from 20%in 2011-12
· In Southern region, the turnover has declined to 30% in 2012-13 from 38% in 2011-12
· Growth of total distributor base reported 18.9% growth in 2012-13 over 2011-12
· Total distributor base reaches approx. 60 Lakhs
· Wellness continues to contribute highest to the sales revenue at 47%
· Fiscal contribution touches at about Rs. 987 crores
· Percentage of self-employed distributors base: Men-40.6% & Women-59.4% in 2012-13
Indian Direct Selling Association (IDSA) in association with PHD Chamber of Commerce and Industry released Annual Survey Report 2012-13 on the Indian Direct Selling Industry today in New Delhi.
The survey report was unveiled by Ms Chavi Hemanth, Secretary General, IDSA ; Mr. Amarnath Sengupta, Chairman, IDSA ; Mr. Saurabh Sanyal, Executive Director, PHD Chamber and Dr. S.P. Sharma, Chief Economist, PHD Chamber.
Chavi Hemanth, Secretary General, IDSA stated $B!H(BIDSA in collaboration with PHD Chamber as an on$B!>(Bgoing process has benchmarked monitoring of the Direct Selling sector in India. These statistics are one of the imperatives from WFDSA (World Federation of Direct Selling Association)..$B!I(BFor more information on WFDSA, please refer http://www.wfdsa.org
She further said, $B!H(BThe industry continuous to develop and has shown growth of 12% during 2012-13, expanding from Rs. 6,385 crores in 2011-12 to Rs. 7,164 crores in 2012-13. I am confident that we will continue to grow at an annual average of more than 20% for next 3 years. On account of regulatory hurdles specifically in the State of Kerala, the Southern region$B!G(Bs share in sales revenue has reduced to 30% in 2012-13 from 38% in 2011-12.$B!I(B
Mr. Saurabh Sanyal, Executive Director, PHD Chamber said that $B!H(BDirect Selling Industry is a rapidly emerging and boosting self employment opportunities, encouraging women empowerment and it holds immense importance to the overall economic system. However, presently the country is faced with several challenges to its growth. Notable among them are high inflation, stagnating manufacturing output, high fiscal deficit, widening current account deficit, volatility in the exchange rate scenario, a sluggish investment environment, poor availability of skilled manpower, slow employment generation and inadequate poverty alleviation which has impacted directly or indirectly the Direct Selling Sector. However, the industry is aiming high but there are several regulatory challenges which affect the growth of industry.$B!I(B
Mr. Amarnath Sengupta, Chairman of IDSA said, $B!H(BDirect Selling companies have been active towards the growth of the Indian economy by contribution to the exchequer and generation of self employment opportunities. The total tax paid by the member company$B!G(Bs amounts to Rs. 987 crore in 2012-13 as compared to Rs. 821 crores in 2011-12. With a growth of 20% in 2012-13 over 2011-12. For self employment opportunities, approx 60 Lakhs Distributors in India are associated with Direct selling companies in India.$B!I(B
He further stated that $B!H(BOut of 60 Lakhs Distributors, Women constitute 60% of total sales force. However the share of men has increased from 37.5% in 2011-12 to 40.6% in 2012-13. The analysis of the figures done to gauge the growing popularity of Menfolk in Direct Selling revealed that they are looking at Direct Selling Industry to provide them with a supplementary income.$B!I(B
Dr. S.P.Sharma, Chief Economist, PHD Chamber said $B!H(BThe Direct Selling Industry has been emerging as an alternative sales distribution channel in Indian market over the years and the growth prospects of the industry are bright which is set to take off as driven by strong consumer base, rising urbanisation, growing middle class population and expanding markets going forward. Though the industry has grown by 12% in the current FY2012-13 but the growth prospects of the industry is estimated to increase five fold by 2019-20 reaching up to Rs. 34,000 crores from Rs. 7,164 crores in 2012-13. Overall the industry is slated to grow at an average of more than 20% in the next three years.$B!I(B
Mr. Amarnath Sengupta, Chairman, IDSA has reportedly said that the government needs to strengthen the regulatory and policy framework for Direct Selling Industry which should completely weed out the fraudulent financial pyramid schemes out of the market.
Ms. Chavi Hemanth, Secretary General, IDSA focused on the key request to the Government for a separate legislation which should focus on money back guarantee, buy back guarantee and product return policies. She stated that once we have a clear policy in place, I can assure that the strength of Direct Selling Companies will manifold to an astounding turnover.
The forum was concluded by Ms. Chavi Hemanth, Secretary General and she expressed her delight with the association between PHD Chamber and IDSA.


 

WIN INDIA-2013 from 17 – 20 December

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(lL-R)Dr. Andreas Gruchow,Mr. Ramakant Joshi and Mr Mehul shah introducing World of industry- India 2013 at New Delhi
Automation & technology extravaganza to promote Indian industry & international trends
[NEW DELHI, DECEMBER 12, 2013]: Hannover Messe brings world’s leading industrial trade fair WIN INDIA to NEW DELHI. The leading industrial trade fair WIN INDIA 2013 to be held from 17th to 20th December 2013 at Pragati Maidan. The event will host 5 specialized and dedicated industrial fairs under one roof. The individual fairs are designed to cluster particular kinds of manufacturers together. WIN stands for “World of Industry,” a brand that Deutsche Messe has been using in Turkey for over 10 years. The fair offers unique opportunities to companies seeking new markets and the organisers Hannover Milano Fairs Pvt. Ltd. & Deutsche Messe AG, global leaders industrial trade fair are extremely excited to launch WIN INDIA – World of Industry.
The Press conference was addressed by Dr. Andreas Grochow, Member of Board, Deutsche Messe AG, Mr. Mehul Shah, Managing Director, Hannover Milano Fairs India Pvt Ltd and Mr. Ramakant Joshi, Managing Director, Festo India Controls Pvt. Ltd. After flying through various countries in the world, Festo Controls India will display the FESTO SMART BIRD for the first time in India with association of HMFI at WIN INDIA 2013. FESTO SMART BIRD is an ultralight and powerful flight model that provides you insight on the optimization of latest technology strengths.
The Government of India has targeted to increase the manufacturing sector’s contribution to the GDP to 25 percent by 2022. To reach this goal, India will have to enhance its productivity by transforming the existing fabric of the Indian manufacturing industry. To support the mission, the show brings a variety of important verticals into focus under the brand of WIN INDIA. “MDA INDIA” will focus on Motion, Drive and Automation, Hydraulics & Pneumatics, Electro-Mechanical Transmission. “Industrial Automation INDIA” will be dedicated to Process and Factory Automation and Industrial Building Automation. “CeMAT INDIA” showcase Materials handling/ Intralogistics, Storage Systems, Warehousing and Logistic Services. “Surface Technology INDIA” will cater to manufacturers in Paint & Coating Systems, Electroplating and Surface Engineering Techniques. “Industrial Supply INDIA” is a platform for Subcontracting, Components & Parts, Composites and New Materials.
WIN INDIA – World of Industry is designed to create a consortium for industrial manufacturers, engineers, wholesalers and decision makers for government procurements like Defence, Airlines, Railways, Public Sector Undertakings of Central and State Government. Buyers and sellers will be able to meet in one location, achieve economies of scale and be able to find solutions to industry wide problems.
Mr. Mehul Shah, Director, HANNOVER MILANO FAIRS INDIA, said “In tough market conditions, it becomes all the more imperative for all businesses to show greater visibility, strong fundamentals and continuation of businesses. The platform is ideal for exhibitors to nurture the trust and confidence across the supply chain. WIN INDIA as a platform for face-to-face meetings with target audiences provides an opportunity for businesses to meet new buyers in person and also renew their contracts with existing buyers.”
Dr. Andreas Gruchow, Member of Board, Deutsche Messe AG, ’‘We are very happy to be hosting the 7th edition of our globally successful industrial fair topics here in India. WIN India has been able to attract excellent international participation from 27 countries which helps us deliver new business from new networks to India’s dynamic industrial sector. ‘‘
Mr. Ramakant Joshi, Managing Director, Festo India Controls Pvt. Ltd. “Festo is a world-wide leading supplier of automation technology and the performance leader in industrial training and education programs. Our aim has always been focused on maximising productivity and competitiveness for our customers. The Festo brand is a symbol of Innovation Leadership globally since more than 60 years. Festo has deciphered bird flight and develop a SmartBird which flies energy efficient. With the SmartBird in India for the first time, we want to inspire the industry to take an interest in Festo bionic applications and by this get them interested in our automation solutions”’‘
ABOUT HANNOVER MILANO FAIRS INDIA PVT LTD: Hannover Milano Fairs India Pvt Ltd (HMFI) is a wholly owned subsidiary of two of the world’s leading trade fair organizers Deutsche Messe AG, Germany and Fiera Milano, Italy. HMFI have been bringing world class trade fairs into the Indian market for Indian and international enterprises since 2007. The strong international contacts and the vast expertise and best trade fair practices of its parent companies are deployed in the fairs in India which is the USP of fairs of HMFI. Exhibitors and visitors will gain from the professionalism of the international leaders.
ABOUT DEUTSCHE MESSE: Deutsche Messe – based in Hannover, Germany – is the world’s foremost trade fair company. Deutsche Messe develops, plans and runs trade fairs and exhibitions in Germany and abroad as Hannover Fairs International with a Turnover – 410 Million $. Deutsche Messe was established in 1947; own the largest Fair Ground in the world with Indoor capacity of over 4.5 Lac square meters of display area. It organizes World’s Largest Engineering Trade Fair – Hannover Messe and World’s Largest IT Fair – CeBIT
Your contact for further information:
Maan Jalta – 9891718750
Vishal Shukla – 7838829456


 

Letta wins parliament vote

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 Enrico Letta on Wednesday won a parliamentary confidence vote triggered by the fall of Silvio Berlusconi, promising to push through a pro-European reform agenda and fight populism. 
Letta vowed to bring political stability and economic growth to a country on the point of exiting its longest post-war recession, condemning “chaos” after anti-austerity protests this week across Italy. 
“We will not allow Italy to sink again,” Letta told lawmakers, promising to “fight with everything I have to avoid our country being thrown back into chaos just as it is beginning to lift itself up again”. “Today we are drawing a clear line. 
On this side are those who love Europe… knowing that without the European Union we would plunge into the Middle Ages. “On that side are those who want to block Europe,” he said in a thinly-veiled reference to Berlusconi and the anti-establishment firebrand politician Beppe Grillo. 
Letta won the vote in the lower house handily with 379 in favour and 212 against and was expected to get a majority, although by a far narrower margin, in a vote in the upper house scheduled for later on Wednesday. 
Letta admitted that instability had “weakened” his government but voiced hope that the confidence vote would give his coalition a stronger mandate to govern and press ahead with much-needed reforms. 
He said he would impose further cuts on Italy’s overweight bureaucratic machine and aim for gross domestic product (GDP) growth of 1.0 per cent in 2014 and 2.0 per cent in 2015, while also slashing debt. 
“Italy will shake off the image of an unstable, Baroque country that can never decide anything,” said Letta, who came to power in April following a two-month stalemate after an inconclusive general election. 
Letta also promised to reduce the number of parliamentarians and end public subsidies to political parties – both reforms that have long been mooted in Italy including by Letta but never carried out. 
The vote was called after the scandal-tainted Berlusconi’s party quit the ruling coalition and he was ejected from parliament over a tax fraud conviction.


 

Jung has invited Delhi BJP

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 Delhi Lt Governor Najeeb Jung has invited Delhi BJP legislative party leader Dr. Harsh Vardhan for consultation on formation of government in Delhi.
BJP has emerged as the largest single party in the assembly polls, which threw up a fractured mandate with no party security majority in the 70-member assembly.
BJP has 32 seats, AAP 28 and Congress 8 seats in the assembly. VDr Harsh Vardhan will meeet the LG Najeeb Jung in the evening after attending the swearing-in ceremony of Raman Singh in Raipur in the day.
On Wednesday, both BJP and Aam Aadmi Party stuck to their ground of not forming a government and preferring fresh elections instead.
However, the Congress has indicated that it may consider unconditional support to the AAP for the formation of government. 
The Lt Governor, on the other hand, continued consultations with experts to explore the next course of action.

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