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Wednesday, 2 May 2012
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Direct Selling industry expected to reach INR 108.4 billion by 2014-15
Direct Selling industry expected to reach INR 108.4 billion by 2014-15IDSA – PHD Chamber Annual Survey Findings 2010-11
New Delhi, May 2, 2012
Key Findings:
The total size of the direct selling industry in India at Rs 52.3
billion for 2010-11
Overall direct selling industry grew by 27% in 2010-11 as compared
to 17% in 2009-10
Northern region in average turnover moved from 12% in 2009-10 to 15%
in 2010-11
On the contrary, average sales turnover of Southern region has
reduced from 48% in 2009-10 to 44% in 2010-11
.Total distributor base reported 24% growth, IDSA member companies
generating a growth of 25% and non-member companies generating a growth of
22% employment
.Wellness has emerged as a leading product category contributing to
the highest share of sales (40%) followed by cosmetics and personal care
products (32%).
The growth in tax collection from the direct selling firms has
jumped to 58% in 2010-11 from 11% 2009-10 and 18% in 2008-09
Around 65% products are sourced through contract manufacturers which
are SMEs; contributing largely to the growth of Indian SME sector.
The regulatory framework is overlapped by rules and regulations at
district level, state level and central level; govt. should provide
incentives to the industry in terms of lowering costs of doing business
.A 20% YOY growth rate is expected for the overall industry in the
next four years.
Addressing the press, Indian Direct Selling Association (IDSA) in
association with PHD Chamber of Commerce and Industry, released Annual
Survey 2010-11 on the Indian direct selling industry today in New Delhi.
The survey was unveiled by Shri. Manoj Parida, Joint Secretary, Department
of Consumer Affairs, Govt. of India, Mr. S. Subramanian, Chairman & Ms.
Chavi Hemanth, Secretary General, IDSA and Ms. Susmita Shekhar, Secretary
General and Mr. SP Sharma, Chief Analyst, PHD Chamber.
The survey indicates that the industry has displayed a robust 27% growth at
INR 52.3 billion in 2010-11 turn over. The robust growth in the segment has
been contributed by 28% growth in organised and 17% growth in the
unorganized segments of the industry during 2010-11. The industry grew at
24% during 2009-10, 17% during 2008-09, 13% during 2007-08 and 9% during
2006-07.
Dr. S P Sharma, Chief Economist, PHD Chamber of Commerce and Industry, “The
Indian direct selling industry has scaled remarkable growth over the years
and has been expanding its horizons in India as a rapidly emerging alternate
distribution channel”. The annual survey reveals that the concentration of
sales of direct selling industry in the Southern region has now started
diversifying to the other regions of the country.
Mr S Subramanian, Chairman, IDSA informed that the industry is estimated to
double by 2014-15 reaching upto INR 108.4 billion from the current level of
INR 52.3 billion in 2010-11. The industry is slated to grow at an average
of more than 20% in the next four years”.
Mr S Subramanian further informed, “Direct selling companies have been
active in contributing to the social and economic development of the
country, with over Rs.6.5 billion paid as taxes to the Government exchequer
by IDSA member companies alone”.
The survey findings states that the products sold through this segment are
appealing to consumers for its high quality standards. Direct selling
sector helps cater to consumers who would want to have products of their
choice delivered at convenient locations other than at usual retail stores.
Mr S Subramanian expressed that “As the direct selling industry offers
alternate employment opportunities, it has contributed significantly in
employment generation for the country over the years. This year (during
2010-11) the total distributor base of the Indian direct selling industry
stands at around 4 million marking a growth of around 24% over previous
year. Out of this 3.2 million distributors have been employed by member
companies generating a growth of 25% and 0.8 million distributors have been
employed by the non-member companies generating a growth of 22% employment”.
Chavi Hemanth, Secretary General, IDSA stated “IDSA collaborated with PHD
Chamber in furthering an on-going process of monitoring the direct selling
sector in India. The report assesses the current state of the direct
selling industry in India across several key parameters encompassing
revenues, sales force employed, product category coverage, distribution
reach and most importantly the contribution of this industry to the
government exchequer. The Report has also addresses the challenges faced by
this sector and the overall future outlook.”
She also stated that out of the wide variety of product sold through the
organised direct selling industry, products related to wellness contributed
to the highest share of sales (40%) while cosmetics and personal care
products (32%) were also very high in demand.
Further she mentioned that on an average, the direct selling firms earned
profits of around 21% during the last three years. As per the survey, the
main drivers of growth in this sector are high quality standards of
products, reliability/durability, promotional schemes and good
demonstrations and trainings.
Ms Chavi Hemanth expressed that the industry is exploring new opportunities
using the social media tools to reach out to large consumer base. “Though
the industry is two decades old but with focussed efforts and strategise of
our member companies over last five years, direct selling has emerged as a
medium for the sale and marketing of product and services across a range of
consumer needs, with the associated industry encompassing a size of Rs 53.2
billion for 2010-11″.
.Mr S Subramanian said”The Indian direct selling industry has contributed
largely to the growth of Indian SME sector by way of outsourcing their
manufacturing process to these enterprises in order to produce the products
domestically. The companies own manufacturing facilities produce only
30-35% of the total produce, the remaining is majorly sourced through
contract manufacturers which are SMEs”.
The forum was concluded by Mr Amarnath Sengupta, Vice Chairman, IDSA. He
conveyed his gratitude to Joint Secretary, Shri Manoj Parida, Media, PHD
Chamber and IDSA Secretariat and said that he looks forward to the support
of Govt. & Media to overcome the challenges faced by the sector.
Nokia and Carl Zeiss extend partnership to continue setting standards in smartphone imaging
Espoo, Finland
– Nokia and Carl Zeiss today announced
that the exclusive partnership between the two companies, which has
resulted in some of the industry’s best camera smartphones such as the
Nokia N8 and the Nokia 808 PureView, has been extended.
The
Nokia 808 PureView, which starts rolling out in May, combines
high-performance Carl Zeiss optics with Nokia developed algorithms
and a super-high resolution sensor to set a new standard in high-end
smartphone imaging.
“Carl
Zeiss was a crucial partner in the creation of the first PureView
experience,” said Jo Harlow, executive vice president of
Nokia Smart Devices. “The benefits of our ongoing collaboration will be
more PureView innovation and further advancements in smartphone imaging
in coming months and years.”
Michael
Kaschke, CEO, Carl Zeiss AG: "When joining forces with Nokia in 2005,
we wanted to push the boundaries of mobile photography.
Looking back at seven years of successful partnership, we are proud of
the innovations and outstanding products created in this shared journey.
Today we are celebrating the extension of our collaboration with a new
technology that sets another real benchmark
in this sector.”
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia
Media Enquiries:
NokiaCommunications
Tel. +358 7180 34900
Tuesday, 1 May 2012
FICCI HEALTHCARE EXCELLENCE AWARDS 2012
“Successful Innovation”
Last date to apply- 20th June, 2012
We are pleased to inform you that FICCI is organizing the fourth edition of “FICCI Healthcare Excellence Awards” supported by Quality Council of India,
on August 28, 2012 from 7:30 P.M to 10:00 P.M at New Delhi on the theme
“Successful Innovation”. Global consulting firm Ernst & Young Pvt
Ltd is the official tabulator
of Awards.
FICCI
instituted the Healthcare Excellence Awards with support of Quality
Council of India in 2009 to recognize the efforts of healthcare
organizations exhibiting excellence in various spheres of healthcare
delivery. The Awards have emerged as the most credible and coveted in
the sector within a span of three years and we are delighted to come up
with FICCI Healthcare Excellence Awards 2012 on the backdrop of
FICCI HEAL 2012 (August 27-29, 2012) at FICCI, New Delhi.
Continuing
with the excellent response and stakeholder feedback from the previous
year, the theme of the Awards has been continued as “Successful
Innovation”. The aim is to felicitate organizations and people who have
successfully innovated to address the issues faced by the sector. The
award is open to all public and private hospitals/Diagnostic Centers (stand alone Pathology and Radiology Centers)/Technology
Providers/Medical Equipment Manufacturers/Distributors.
The three broad categories identified for this year’s Awards are-
i. “Operational Excellence in Healthcare delivery”
ii. “Healthcare Issues”
iii. “People who moved the needle in the industry”
In
view of the extensive work done by your organization in improving
healthcare through innovative processes we invite your organization to
participate in the Healthcare Awards. The E-brochure and application forms are enclosed for reference. The application forms can alternatively be filled online at our website www.ficci-heal.com.
The selection of the awards would be done by a high level Jury, chaired by Justice R. C Lahoti, Former Chief Justice of India. A list of other invited Jury members is available on the website.
For all correspondence henceforth, please contact Mr Sidharth Sonawat, Assistant Director, FICCI (Tel: 011 23487220 (D), 011 2373 8760– 70 (Extn. 220), Fax: 011 2332 0714, 011 2372 1504, E-mail: healthservices@ficci.com, website-
www.ficci-heal.com
I look forward to your participation in the Awards.
With best regards,
Yours Sincerely,
Shobha Mishra Ghosh
Director
FICCI
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