Excelsior Correspondent
JAMMU, Oct 22: To settle various rifts under distribution agreement, Federation of All India Vyapaar Mandal (FAIVM) urged Government to bring some statute to regulate distributors and company relations.
Sanjay Bansal, President J&K FAIVM has urged Government by writing a letter to Union Law Minister Ravi Shankar Prasad and Union Minister of Industry and Commerce Piyush Goyal to frame some legal frame work in order to protect interest and existence of distributors and wholesellers which due to manufacturers’ discriminating policies is at stake. A lot of harassment and manipulative business practices have been noticed by companies particularly when they deal with brick and mortal distributors and with online sellers.
According to the National General Secretary of FAIVM, VK Bansal, with the growing online, Companies are making policies in favour of online marketplace and these policies are against the interest of distribution-ship. VK Bansal allege if this kind of policies by manufacturers prevails for long we may anticipate closure of many distributors and whole sellers’ business in near future.
VK Bansal stressed that any distribution invest money, time and efforts to establish any unknown brand or product in market but once it gets established, manufacturer starts removing distribution from his supply chain. Sometimes companies terminate agreement without any notice on unliterary basis. Companies shave our post-dated cheques and blank agreement by which they create pressure on us either to achieve an unrealistic target or sacrifice distribution business. All sudden entire investment becomes zero once companies changes the hands of supply chain.
President of Confederation of West Bengal Traders Association Sushil Poddar, CH Krishna, President of the Federation of All India Distributors and National President of FAIVM Jayendra Tanna also expressed their disappointment over the growing disputes towards companies and distributors.
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