ID :
82651
Fri, 10/02/2009 - 14:35
Auther :
Shortlink :
https://oananews.org//node/82651
The shortlink copeid
Recast with correction - INDIA`S RMP INFOTECH TO INVEST US$2.9 MLN IN MALAYSIA
KUALA LUMPUR, Oct 1 (Bernama) -- India-based multi-level marketing (MLM)
company, RMP Infotech Pte Ltd, plans to expand its operations to Malaysia and
use it as a gateway to other Asian countries.
The company, which adopts binary network marketing commonly used around the
world that gives large discounts benefitting consumers, would make an initial
investment of RM10 million (US$2.9 million) mainly for basic infrastructure
and training for its
members here.
The unique part of the binary network marketing is that the distributors get
the maximum benefit.
It is a proven marketing partner of brand leaders in India such as National
Panasonic, Tata-AIG, TVS Bikes, ICICI-Lombard, Reliance Infocom, Sterling
Resorts, TCPS Computer Education, Beltek, Whirlpool, Compaq, Krypton and
Videocon International.
"We are currently in the process of obtaining a license. We hope to start
operations here within a month and recruit about 400,000-500,000 members in 18
months,"
its chairman Pravin J Chandran said in a statement here Wednesday.
The company, established in 2000, ventured into Dubai seven months ago and
has 400,000 members, bringing its total membership to 7.5 million.
"Malaysia is the preferred choice in this region to expand our business
because we share the same living standards, big market and most importantly, a
lot of successful MLMs such as Amway and Questnet are operating here."
"Therefore, RMP believes that we can also be successful here," said
Chandran.
With the expansion into Malaysia, he said its members in India would now be
able to buy Malaysian products and vice versa.
As opposed to the general negative perception about MLM companies, RMP
Infotech has a very viable and sound business model that would enable it to
sustain itself without making losses.
"We have the expertise compared with other MLM companies that have gone
bankrupt due to a lack of people management and procurement," he said.
RMP was certified an ISO 9000 company in 2005, which means that the
international standards of ISO certification are applied to the quality
processes of RMP.
Apart from this, RMP recently secured the prestigious membership of the
Federation of Indian Chambers of Commerce and Industry, one of India's apex
industry bodies, he said.
-- BERNAMA
company, RMP Infotech Pte Ltd, plans to expand its operations to Malaysia and
use it as a gateway to other Asian countries.
The company, which adopts binary network marketing commonly used around the
world that gives large discounts benefitting consumers, would make an initial
investment of RM10 million (US$2.9 million) mainly for basic infrastructure
and training for its
members here.
The unique part of the binary network marketing is that the distributors get
the maximum benefit.
It is a proven marketing partner of brand leaders in India such as National
Panasonic, Tata-AIG, TVS Bikes, ICICI-Lombard, Reliance Infocom, Sterling
Resorts, TCPS Computer Education, Beltek, Whirlpool, Compaq, Krypton and
Videocon International.
"We are currently in the process of obtaining a license. We hope to start
operations here within a month and recruit about 400,000-500,000 members in 18
months,"
its chairman Pravin J Chandran said in a statement here Wednesday.
The company, established in 2000, ventured into Dubai seven months ago and
has 400,000 members, bringing its total membership to 7.5 million.
"Malaysia is the preferred choice in this region to expand our business
because we share the same living standards, big market and most importantly, a
lot of successful MLMs such as Amway and Questnet are operating here."
"Therefore, RMP believes that we can also be successful here," said
Chandran.
With the expansion into Malaysia, he said its members in India would now be
able to buy Malaysian products and vice versa.
As opposed to the general negative perception about MLM companies, RMP
Infotech has a very viable and sound business model that would enable it to
sustain itself without making losses.
"We have the expertise compared with other MLM companies that have gone
bankrupt due to a lack of people management and procurement," he said.
RMP was certified an ISO 9000 company in 2005, which means that the
international standards of ISO certification are applied to the quality
processes of RMP.
Apart from this, RMP recently secured the prestigious membership of the
Federation of Indian Chambers of Commerce and Industry, one of India's apex
industry bodies, he said.
-- BERNAMA
