Hong Kong Headquartered online marketing corporation Qnet is intending to move a huge number of its production bases to India in the coming few years from every part of world. Qnet provides a vast range of commodities comprising of 30 distinct brands categorized into 9 varied classes that specializes in improving the livelihoods of customers as well as promote and support a healthy way of living.
The commodities vary from health, skincare plus nutrition to Swiss-manufactured watches as well as jewellery. Qnet has extended its company from South East Asia to other over 100 nations in Middle East, North Africa region, Central Asia, East and West Africa as well as just recently Europe plus Russia.
Its production bases are presently spread in 12 countries all over the globe and distribute commodities with limited franchise with producers. Qnet at the same time provides services, comprising of holiday packages as well as online learning programs.
Qnet Director of Corporate Affairs Zaheer Merchant said that in spite of the challenges in India, they were still investing seriously in production facilities and new commodity development there. He continued to say that they were already producing a number of their watches in India and their energy beverage Nitriplus was manufactured particularly for the Indian consumers with manufacturing facility in Himachal Pradesh, which they eventually wish to take to their international markets. Merchant also said that they want to consolidate production facilities in India.
The company that sells an assortment of high quality consumer commodities via the internet has developed manifold since the time it was launched in India 13 years back. Merchant said that moving manufacturing processes to India is going to offer them a cost advantage of about 8 to 12 %.
Three years back the corporation decided to alter its commodity development approach by concentrating on a niche; selecting products that increased value and caused a variation to people’s daily lives. The over realization of commodity principle as from then has always been life Enhancement. This change from simply way of life to life improvement allowed Qnet to increase commodity offerings into learning, weight control, air purification as well as water filtration. Not every commodity is presently obtainable in India although the company is endeavoring towards ensuring that more of the commodities are accessible to Indian consumers.
Merchant stated that the investment atmosphere of India palpably has many challenges. Most multinational corporations wish to move to India and view it to be the final frontier, although they are careful.