Amway targets turnover of Rs 2,500 cr in 2012
Direct selling FMCG company today said it is targeting a turnover of Rs 2,500 crore next year and is also planning to set up its own manufacturing facility in India.business Updated: Jun 20, 2011 18:41 IST
Direct selling FMCG company on Monday said it is targeting a turnover of Rs 2,500 crore next year and is also planning to set up its own manufacturing facility in India.
Amway India registered a turnover of Rs 1,790 crore in the 2010 financial year (Jan-Dec) and currently has a seven contract manufacturing facility in Baadi, Himachal Pradesh.
The company has planned to set up a manufacturing unit which will be bigger than Baadi, company's Vice-President (East) Diptarag Bhattacharjee told reporters.
The proposed unit will not be set up in northern region as the company already has a plant here. The plant would cater to the increasing demand of Amway products in the country as well as to enhance the target, he said.
Bhattacharjee added that the company has taken several steps including expanding the vendor facility at Baadi and the proposed new in order to achieve the turnover target of Rs 2,500 in 2012.