As a home-grown Asian powerhouse in the direct selling industry, QNet has always been mindful of the impact it has on emerging markets. With the introduction of the new guidelines for the direct selling industry, India has just joined the ranks of other thriving direct selling markets in the Asia Pac region that have recognised the importance of this industry to the local economy.
“This is an exciting time to be in India”, says Trevor Kuna, QNet’s newly appointed global CEO in a recent media interview to PTI.
Despite the recent controversies surrounding the company, the new CEO is optimistic about QNet’s future in India and stands firm on the company’s commitment to the distributors and customers in the country.
“QNET’s business model is sound and we stand by it. No fraud company can last this long. Unfortunately, a lack of proper legislation for direct selling in India has led to many companies including us being investigated under various Acts,” he added. He also pitched the idea of having an independent self-regulating trade body under the government to ensure all direct selling business comes under such guidelines.
Read the full story and interview on these news portals.
DNA India | Business Standard| Deccan Chronicle | Financial Express
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