NE Direct Selling Expo showcases strong growth of Direct Selling Industry

0
Want create site? Find Free WordPress Themes and plugins.

HT BureauG

GUWAHATI, Dec 2: The North East Direct Selling Expo anchored by the Indian Direct Selling Association on Thursday, brought together an array of Assam’s Policy Establishment, Direct Selling Industry Leaders, Market Experts, and Direct Sellers from the North East market and especially from Assam. The North East Direct Selling Expo 2021 is a first-of-its-kind exposition and industry showcase anywhere in India and shows how much importance the IDSA and its member companies attach to the North East market and a testimonial of the potential and opportunity that exists.

The Annual Survey 2019-20 for Direct Selling in India, commissioned by the Indian Direct Selling Association (IDSA), was released on this occasion. As per the annual survey, the Direct Selling Industry of the North East region of India touched Rs. 1,621 crores in FY 2019-20 accounting for 9.66% market share, which in turn is a reflection of the immense potential and scope of growth that the North-Eastern region of India has as a market. Of this, Assam alone accounted for Rs 771.6 crores which translates to 47.59% of the total revenue of the North East India market, or 4.59% of gross national direct selling revenue, placing Assam at number 9 in the pecking order.
Further, Direct Selling Industry in Assam has contributed in excess of Rs 100 crores in taxes to the state exchequer. This industry provides livelihoods to 2,00,000 people in Assam, and another 1,60,000 Direct Sellers in the remaining States in NE. Notably, the Indian Direct Selling industry was valued at Rs 16,776 Crores in 2019-20 as compared to Rs 13,080 Crores in 2018-19. India registered the highest year-on-year growth rate of 28% making it the fastest-growing direct selling market amongst the top 20 direct selling countries globally.
The North East Direct Selling Expo saw wide-ranging discussions with stakeholders, and included a special session dedicated to women direct sellers titled “Direct Selling – The Torch Bearer of Women’s Empowerment.” This session focused on the rising contribution of women direct sellers both in terms of revenue contribution and deeper outreach & penetration of the market, in the North East region of India. A second-panel discussion session titled “New age Micro-Entrepreneurship options” was held to display and showcase the opportunities at entrepreneurship and micro-entrepreneurship that was available to the incoming young professionals of the new generation, who had Direct Selling as both a primary available to be pursued straight up from the time that they entered college or as a young professional in India’s skilled market place or as a secondary professional option to be concurrently pursued along with a primary or core career option, providing the benefit of added income to supplement their professional or academic pursuits.
Speaking on this occasion and in addressing the media Rajat Banerji, chairman, IDSA said, “The Indian Direct Selling Association is keen to deepen and widen its presence in the seven sisters, not just because of the very promising numbers that the Direct Selling Survey report has thrown up but by the energy, vigor and passionate drive shown by the direct sellers of the marketplace. The North Eastern States of India has been one of the best-kept secrets of the Direct Selling industry, which is reflected in the steady growth and revenues. What arouses our interests and excitement further is the degree of interest shown in today’s North East Direct Selling Expo in terms of participation, inquiries, development interest – but most of all we are very pleased and grateful to the governments and the policy establishments for their wholehearted support to our Industry and its direct participants – the direct sellers. It shows the magnitude of support to further the cause of entrepreneurship especially among the women of the North East.”

Did you find apk for android? You can find new Free Android Games and apps.
Share.

Leave A Reply