MLM News

NetworkingEye.com: MLM News, MLM News in Hindi, MLM business, MLM Companies, Scam Companies

  • Home
  • हिन्दी MLM News
  • Scam Companies
  • Guest Post
  • Submit An Article
  • Submit Press Release
  • Advertise
  • Contact

#Amway betting big on India, eyes Rs 6000 crore revenue

By Ak Sharma | Published on 10/09/2015

Rate this News

#Amway #DirectSelling

Amway the largest American Direct Selling company, which has a significant presence in India, has decided to make its presence felt even more strongly. It is taking strategic decisions for the growth of the company by enabling its online marketing and sales. The company has already set up a manufacturing hub for nutrition and cosmetic products in Chennai, which is good news for the Indian job market. Besides giving opportunity to people who want to start their own business via the direct selling model, it will also generate job opportunities for that section of population who believe in the security of the fixed inflow of monthly income – Networking Eye

Multi-level marketing company, Amway is looking at trebling its sales in the country to up to Rs 6,000 crore over the next ten years, a senior executive said today. Even as direct selling has seen a significant downturn globally, Amway has bet big on India and has invested in a Rs 600-crore manufacturing plant despite several regulatory hurdles plaguing the sector.

“We are looking at trebling our sales to Rs 6,000 crore from the current Rs 2,000 crore in ten years,” Amway India, General Manager,  Anshu Budhraja told PTI.

It currently has 150 physical stores, 65 warehouses, and delivers to 9,000 pin-codes, Budhraja said. In the domestic market, direct selling is currently regulated by the Prize Chits and Money Circulation Schemes Act where lately several schemes have come under the government scanner with its executives getting arrested for frauds.

The company is looking to make India the manufacturing hub for neighbouring countries in South Asia and is looking to produce nutrition and cosmetic products here, he said. He also expects the direct selling market in the country to explode, growing to Rs 67,000 crore in the next ten years from the present Rs 7,200 crore.

“It is a great self-employment opportunity and in the next ten years, the number of direct sellers is expected to grow to 18 million from the current five million,” Budhraja said.

Amway is looking at digital engagement as a key enabler of business. “Presently, 65 per cent of business comes through direct selling and 35 per cent comes through e-commerce,” he said, adding that like most retail businesses, direct selling should also leverage the facility offered through online shopping.

source franchise india

  • Tweet
  • WhatsApp
  • More
  • Email
  • Print
  • Telegram

Related

Filed Under: Amway India News, MLM News

SUBSCRIBE TO Networking Eye - MLM News

Sign up for our newsletter and receive news, updates, and the latest alerts.

Leave a Reply Cancel reply

LATEST NEWS

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited’s Growth
  • Direct Selling in India: An Overview of the Industry and its Regulatory Framework
  • Co-founder of $4B OneCoin fraud scheme pleads guilty and faces up to 60 years in jail
  • Investors Duped Out of INR 200 Crore after Being Lured by Endorsements from Actresses Tamanna and Kajal Agarwal

TRENDING TODAY

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
    Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • Top Direct Selling Companies
    Top Direct Selling Companies
  • SCAM Companies New Updated list
    SCAM Companies New Updated list
  • Indian Cyber Crime Toll-free Number to Report Online Frauds
    Indian Cyber Crime Toll-free Number to Report Online Frauds
  • QNet Is A scam In India or Legit?
    QNet Is A scam In India or Legit?
  • RCM Fraud of 2000 crore
    RCM Fraud of 2000 crore
  • The Status of Network Marketing/MLM/Direct Selling in India
    The Status of Network Marketing/MLM/Direct Selling in India
  • Now Star News Exposes Ram Survey Scam
    Now Star News Exposes Ram Survey Scam
  • www.GlobalBestInvestment.com: New Scam Making Its Way Around the Basin
    www.GlobalBestInvestment.com: New Scam Making Its Way Around the Basin
  • The Difference Between Linear Income and Residual Income
    The Difference Between Linear Income and Residual Income

COMMENTS

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare » MLM News on John Oliver calls MLM industry a ‘pyramid scheme’
  • Top Direct Selling Companies » MLM News on Ponzi Schemes Vs direct selling companies
  • Decriminalization of MLM: its Importance and Issues » MLM News on Indian government to soon issue the guidelines for Direct Selling Industry
  • Michael Dayaram Mangela on Scam Companies
  • Murali on Indian Cyber Crime Toll-free Number to Report Online Frauds

Copyright © 2014–2023 · NetworkingEye.com

About Us · Privacy Policy · Cocky Policy · Terms & Conditions