Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
ATOMY INDIA EYES LEVERAGING "HALLYU WAVE" IN INDIA, CELEBRATES 4TH ANNIVERSARY
The Business Guardian
|November 26, 2024
India has emerged as a prominent country in terms of the growth of the direct selling industry.
-
According to the 2023 World Federation of Direct Selling Association (WFDSA) Report, total sales reached Rs 28,376 crore ($3.435 billion) in 2023 and the sector recorded an impressive 11.8% year-on-year increase. Indian direct selling industry witnessed a CAGR of 8.3% from 2020 to 2023. Global players in the sector eye the growing markets and plans to increase their market shares with new products in several product categories with a focus on wellness and personal care.
Atomy India, the Indian arm of the global direct selling giant Atomy, celebrated its 4th anniversary with grandeur at Bharat Mandapam, New Delhi, on November 23, 2024. The celebration brought together over 2,400 distributors and members from across the country, highlighting the company's remarkable journey in India and unveiling its ambitious plans for the future. The celebration was graced by Atomy's Chairman, Han-Gill Park, on his maiden visit to India, and featured the launch of two new products--one imported from South Korea and another developed locally under the GSGS (Global Sourcing, Global Sales) strategy and India's 'Make in India' initiative.
This story is from the November 26, 2024 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
‘Capex, Opex subsidies in mineral scheme to boost recycling infra’
Provision of both capital expenditure (Capex) and operational expenditure (Opex) subsidies under Rs 1,500 crore incentive scheme for Critical Mineral Recycling will accelerate the establishment of advanced recycling infrastructure, said industry body India Energy Storage Alliance (IESA) while welcoming the Centre's move.
2 mins
September 21, 2025
The Business Guardian
Why 2 nm chips matter in India’s chip revolution
India has taken another big step in its semiconductor journey with the recent inauguration of ARM's new design office in Bengaluru.
2 mins
September 21, 2025
The Business Guardian
GOVT ACTIVATES PORTAL FOR GST COMPLAINTS
The Ministry of Consumer Affairs, Food & Public Distribution on Saturday announced the activation of a dedicated category on the INGRAM portal to handle anticipated consumer queries and complaints on the National Consumer Helpline (NCH), following the implementation of revised GST charges, rates, and exemptions effective from September 22.
2 mins
September 21, 2025
The Business Guardian
BofA sees positive outlook for Paytm, citing soundbox, AI
Paytm (One97 Communications Limited), India's full stack merchant payments leader, is showing steady momentum across its core
1 min
September 21, 2025
The Business Guardian
GST CUTS TO BOOST ECONOMY, BUT REVENUE LOSS COULD HIT BANKING SECTOR
While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.
1 mins
September 21, 2025
The Business Guardian
Ahead of IPO, Ganesh Consumer Products raises Rs 122 crore
Ganesh Consumer Products Ltd, a key player in packaged food products in eastern India, on Friday said it has raised over Rs 122 crore from anchor investors, ahead of its initial share-sale opening for public subscription.
1 min
September 21, 2025
The Business Guardian
Third round of India-New Zealand FTA negotiations concludes
The third round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in Queenstown, New Zealand.
1 min
September 21, 2025
The Business Guardian
'Capex, Opex subsidies in mineral scheme to boost recycling infra'
Eligible feedstock is e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, e.g. catalytic converters in end-of-life vehicles.
1 min
September 21, 2025
The Business Guardian
Zelio E-Mobility gets Sebi nod for Rs 78-cr IPO
Electric vehicle maker Zelio E-Mobility Ltd on Friday said it has received approval from capital market regulator Sebi for its SME IPO to raise Rs 78 crore.
1 min
September 21, 2025
The Business Guardian
US' H-1B fee move can have ripple effects on US innovation system
Indian IT industry body Nasscom has expressed concerns following the White House’s September 19 announcement of anew USD 100,000 annual fee on H-IB visa applications, calling the move potentially disruptive to global business continuity and the innovation ecosystem in the United States.
2 mins
September 21, 2025
Listen
Translate
Change font size