Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 04 2017

​O2 Spa joins hands with Andhra Pradesh Tourism Development Corporation

O2 Spa will set up facilities in Amravati, Vijayawada, Visakhapatnam and other places. The training will be provided by O2 Skills Academy.

O2 Spa, one of the largest day spa chains, will set up wellness facilities in Andhra Pradesh with an investment of USD1.75 million over next three years.

The company announced that it has signed a Memorandum of Understanding (MoU) with the government of Andhra Pradesh. It plans to train 500 youths at the wellness facilities and absorb them, thus creating employment opportunities.

The MoU between O2 Spa and the Andhra Pradesh Tourism Development Corporation (ATDC) was signed at the Partnership Summit held in Visakhapatnam last week. O2 Spa will set up facilities in Amravati, Vijayawada, Visakhapatnam and other places. The training will be provided by O2 Skills Academy.

Ritesh Mastipuram, Founder and Managing Director, O2 Spa, said, "This partnership with the Government of Andhra Pradesh will enable us in reaching out and bettering the lives of many youths by appropriately skilling them and placing them in apt job opportunities."

He added, "The Indian wellness industry is expected to grow at a compounded annual growth rate (CAGR) of 12 per cent for the next five years to achieve a Rs 1,50,000 crore-turnover by 2019-20. The growth and requirement of the industry will continue to see an upward curve and so will the opportunity for skilled youths."

O2 Spa is investing $15 million in expanding its operations in the country and aboard. The company plans to grow from its current base of 82 outlets in 18 cities to 150 outlets across 30 cities by the end of 2016-2017.

Comment
Related opportunities
  • About Bike Studio by LA Sovereign: LA Sovereign Bicycles Pvt Ltd...
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required NA
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Fashion accessories - Men
    About Us:   Established in 1997, Pratibha Syntex is strongly known for..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
  • Bars, Pubs & Lounge
    About Us: Started by Praveesh Govindan & Celebrity Brazilian chef Guto..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Beauty Salons
    About Us: Instyle salon is a premium unisex salon based at..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities