Amway India, direct selling FMCG company, prepares to operationalise its brand-new production facility at Nilakottai in Tamil Nadu by 2015.
The building at the site has already begun and the industrial operation at the center is most likely to commence by mid-2015,” said Diptarag Bhattacharjee, vice-president, east, Amway India.
Total investment in around Rs 500 crore to start the plant & the same will cover 49 acres of land.
Amway India, which is currently providing 142 items in five classifications of personal care, house care, nutrition & health, cosmetics and high value products, and at the same time they are procuring some of the items through third-party agreement producers.
Amway India intends to take its net sales income in India to about Rs 6,000 crore by 2020.
Last year, the business clocked a turnover of Rs 2,288 crore in the India, compared to Rs 2,130 crore in 2011.
It eyes a development rate of five percent in 2013 compared to seven per cent in 2012.