Suresh Thimiri, CEO of a Qnet franchisee, recently spoke on the matter, claiming the company plans to produce everything from electronic parts to consumer goods at the new manufacturing site. As it stands, Qnet already manufactures Nutriplus, an energy drink, and a portion of its watches on Indian soil. Thimiri went on to explain that moving production efforts to India would present a significant “cost benefit.” Qnet currently stands to gain back 8-12% in production costs from the move to India. As you would assume, this is quite the financial move.
Company officials have watched revenue from Indian operation grow at an alarming rate. In merely a year, revenue has skyrocketed by 100% from producing in India. It is forecasted that revenue will continue to grow at the same rate as time goes on. Because of this, Qnet is maximizing on the opportunity by moving more of its operations to India.
Along with its plans to extend its production operations in India, Qnet is also urging any Indians to come forward who have the ability to discover/develop unique things. Dave Osh, the global CEO for Qnet publicly requested for anyone with unique offerings to come forward and discuss these matters for opportunities. Osh added that each person would need to undergo a quality test before the company would agree to work with him/her.
In another public statement, Osh expressed his concern for the Indian government’s lack of attention to MLM practices. Osh is worried that the MLM sector lacks regulation, which can lead to large potential problems in the future.