MLM News Speak Asia

Indian Direct Selling Association (IDSA) welcomes probe on Speak Asia

Written by Ak Sharma

Lately many direct selling companies in India have asked government to look for a framework to regulate direct selling companies. The Direct selling industry projected at Rs 7,120 cr by 2012-13, till date there have not been a clear guidelines for the MLM companies. companies who are part of IDSA are saying that just because of these get rich quick schemes, the name of other good companies have come under questions. Most members have been part of IDSA from past 10-15 years.

In recent time on the name of investment, people have lost crores of rupees, despite that government have not formulated any regulatory body to look after direct selling companies. In the hours of crises, like in Speak Asia’s case government is taking help from SEBI and RBI.

The Speak Asia controversy has raised doubts over the modus operandi of other direct and multi-level marketing companies that have flourished in India from past 15-20 years.

Currently there are 17 companies who are part of IDSA, like Amway, Oriflame, Tupperware, etc.

The Indian Council for Research on International Economic relations (ICRIER), an autonomous non-profit research organisation, had come out with an academic report in March, 2011 on the socio-economic impact of direct selling on consumers, emphasizing the need for a policy.

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  • There should be a time limit for the prob….how long this prob will go on…..find the truth and resolve the matter…

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  • say even if its money circulation. people who are working hard have/are  earned/earning that too while sleeping;on the other hand money which they could never ever think of achieving when AWAKE

  • Govt shoul think over it , because people do not see in a good manners to those people who do MLM/ Network Marketing, and it si pending since 1978. Govt should have clear cut  lay out for MLM Companies and the Company Like Speak Asia, The best and fastest big  Survey Company in Asia ,  After seeing its business Model, Star TV have entered in such a big business potential Market and trying to become the king by abusing  Speak Asia.
    Otherwise The Chanel like Star TV will do these type of things for its Competitor Companies and become king in this Industry.

    Pradeep Bahadur Saxena