Amchem said that Amway is a direct selling FMCG company that uses multilevel marketing to sell its daily use products through independent distributors, instead of from a shop or a mall.
American businesses are lobbying with political parties here to build a consensus on stalled economic reforms such as liberalisation of foreign direct investment (FDI) in sectors like multi-brand retail, aviation and insurance, and for expeditious introduction of a Goods and Services Tax (GST).
The Competition Commission of India has notified Sections 5 and 6 of the Competition Commission Act, 2002, dealing with mergers and acquisition last month, but it is yet to finalise the rules.
Majority of American companies are overwhelmingly optimistic about China and rank the world's factory as the top investment destination for them in 2010, even as they face daunting challenges in their native market, says an industry survey.
Indian small and medium enterprises (SMEs) are set to go global with opportunities flowing in from all corners. After SMEs from Germany and the UK, the US has expressed willingness to invest and explore possibilities of technology transfer to Indian SMEs.
'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.
Flaring of tempers comes atop much simmering trouble on clashing views; these stands might now get frozen.
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