The Confederation of All India Traders (CAIT) has asked the Government to frame a separate law to regulate and monitor direct selling business in the country.
In a statement, CAIT said the direct selling business in India is a source of self-employment and it should be regarded as a vertical of retail trade like e-commerce.The Confederation of All India Traders (CAIT) has asked the Government to frame a separate law to regulate and monitor direct selling business in the #
According to the statement, CAIT sought specified legislation to regulate direct selling business in India at an inter-ministerial meeting convened by Commerce Ministry. It said the Government should facilitate direct sellers in setting up manufacturing plants. The traders' body highlighted the industry's phenomenal growth rate and its huge growth potential.
CAIT quoted a KPMG report saying the industry will touch a turnover of Rs 64,500 crore by 2025. (SH)
ALCHEMPro News Desk – India
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