AAAI, IOAA sign agreement for better OOH business

31 Aug,2015

By A Correspondent

 

The Advertising Agencies Association of India (AAAI) and the Indian Outdoor Advertising Association (IOAA) have signed a joint agreement for the first time, AAAI President MG Parameswaran and IOAA Chairman N D Mehta announced recently.

 

The overall objective of coming together is to help the outdoor advertising industry in India grow in an organised and regulated fashion, to ensure that proper systems and processes are followed and timelines adhered to, as well as commitments honoured on both sides, Parameswaran said. He added that a suitable mechanism will also be set up to penalise defaulters, with a view to preventing future defaults and bringing everybody in line with policies and good practices. Alongside all this the agreement will also focus on regulating and disciplining advertiser behaviour in matters concerning outdoor trade, agency remuneration, corporate governance and adherence to payment deadlines.

 

A special feature of this agreement is that the advertiser will not be allowed to shift their business to another agency until dues of the earlier agency are cleared. Mehta mentioned that IOAA, on its part, has also embarked on an ambitious project to conduct viewership studies on OOH, initially in the major cities. Further, it will ensure 100 per cent listing of all sites with a unique ID number, in a scientific manner, for the benefit of all concerned. The AAAI is the official, national body of advertising agencies, which protects their interests by promoting professionalism and sound business practices between advertisers, agencies and various media.

 

The IOAA, registered as a not-for-profit company, has been actively promoting legal media and ethical, best practices among outdoor media owners.

 

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