India's RMP Infotec chooses Malaysia as the gateway for business expansion
The network marketing giant plans to invest RM10 millionTweet
-- RMPInfotec Private Limited, India’s largest multi-level marketing (MLM)company,plans to expand its operations to Malaysia with an initial investment of RM10 million, which will be mainly spent for basic infrastructure and trainings for members in Malaysia.
RMP also revealed plans to include Malaysian made products which will be sold to its 7.5 million distributors around the world.
“We are currently in the process of obtaining the necessary licenses.We hope to start the operations here within a month and recruit about 400,000 to 500,000 distributors within 18 months,” said RMP Director Rajesh J Chandan during the launch of RMP’s Third International Convention in Genting Highlands recently.
Human Resources Minister, Datuk Dr S Subramaniam in his officiating speech welcomed the announcement and hoped more Indian based companies will choose Malaysia to expand their businesses.
“It is indeed a good thing that they are planning to market Malaysian made products to millions of their distributors as this will open up a new market for our products. I would also like to thank them for choosing Malaysia as the place for having this convention to reward their successful achievers. We definitely welcome Indian businessmen to come to our country as we have a lot of positive aspects that they can utilize.”
The company, which was established in 2001 is expected to expand its operations to Malaysia with an initial investment of RM10 million and useit as its gateway to other Asian countries such as Singapore, Thailand and China.
The initial investment sum will be mainly spent for basic infrastructure, sourcing Malaysian made products which will be included in RMP’s product listing and trainings for its distributors in Malaysia.
Chandan said with RMP’s expansion in Malaysia, its distributors in India and Dubai will now be able to buy Malaysian products at an affordable price.
RMP’s first venture outside Indian shores to Dubai seven months ago proved a successful one when it managed to attract more than 400,000 distributors,bringing its total number of distributors to a whopping 7.5 million.
“What makes Malaysia our preferred choice in this region to expand our business is its feasibility and a flourishing consumer market. We are very excited and thrilled to share a unique business opportunity here, especially now with the uncertainty in the global economy climate,” added Chandan.
As opposed to the general negative perception about MLM companies,Chandan said RMP Infotec has a very viable and sound business model that has enabled it to sustain itself without making losses.
“We have the expertise as compared to other MLM companies that has gone bankrupt due to lack of people and procurement management,” he said.
RMP is the marketing partner of major brand leaders in India such as Tata-AIG, TVS Bikes,ICICI-Lombard, Reliance Infocom, Sterling Resorts, TCPS Computer Education, National Panasonic and many others.
Notes to Editor
With 7.5 million distributors, RMP Infotec PrivateLimited (RMP Pvt Ltd) is India’s largest binary network marketing company. RMP stands for Resources, Money and Powerwhich have blended to create one of the biggest success stories of Asia. Basedin Chennai, RMP was established in 2001 by three founding partners.
Since its inception, RMP has partnered with many Indian brandleaders such as Tata-AIG,TVS Bikes, ICICI-Lombard, Reliance Infocom, Sterling Resorts, TCPS ComputerEducation, Whirlpool, Compaq, Krypton, Videocon International andNational Panasonic to provide a whole range of products to its distributors atan affordable price through a well proven uniquesystem of binary network marketing.
The year 2009 has seen RMP enter the global market with apresence in Dubai, Asia’ most sought after financial capitals.
RMP was certified an ISO 9000 company in 2005 and has recentlysecured the prestigious membership of Federation of Indian Chambers of Commerceand Industry (FICCI). For more information on RMP, visit www.rmpinfotec.biz