Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 05 2018

Amway India aims to be among top 3 markets by 2025: CEO

Amway India also plans to introduce herbal in the beauty and personal care category later this year.

Direct selling FMCG company Amway said that India can become one of the top 3 markets for the global company by 2025 with almost a billion dollar in revenue.

The company which plans to close this calendar year with Rs 1,800 crore in revenue, is hopeful that it will touch a revenue of 6,000 crores in the next 7 years riding on the sales of its nutrition, personal care and beauty product range and other new category launches.

"We are eyeing a three-fold growth in our business by 2025, fueled by innovations and digital and digital penetration along with our strong direct sellers network and focus on engaging young customers," said Anshu Budhraja, CEO of Amway India, during the media tour of their manufacturing facility in Madurai, Tamil Nadu.

The biggest market for Amway globally is China followed by the US. At present India is at the seventh position globally.

Amway India also plans to introduce herbal in the beauty and personal care category later this year. The company is also planning to make a major push into consumer durables announced the entry into the air purification business category.

The company said it plans to invest Rs 100 crores over the next 2-3 years in India which includes Rs 70 crore investments in R&D, Rs 10 crores in increasing the manufacturing capacity and the remaining amount in the digital initiatives.

"We have made significant investments to enhance our digital presence through our online stores and mobile apps," said Budhraja.

According to the executive, the company has made an investment of Rs 600 crores in its manufacturing facility in Madurai which is a part of its commitment to invest Rs 1000 crore in India. A significant part of the investment will also be made in launching Amway Xpress Pick & Pay stores in the country.

We are looking to open 500 stores in India by the year 2025. At present we have 140 stores and we plan to add another 25 stores in this financial year," said Budhraja.

Comment
image
Related opportunities
  • Digital Media & Internet Marketing
    About Us: AUTOMARTZ have successfully integrated the complete Automobile industry on..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 450
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Tea and Coffee Chain
    About Us: Stark Bistro is an effervescent & lively cafe with..
    Locations looking for expansion Orissa
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bhubaneswar Orissa
  • Other Vocational Training
    About Us: Music Educational Institutions specialized in teaching Music Teacher and..
    Locations looking for expansion Uttar pradesh
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar pradesh
  • About Us: Mindcom Consulting Services Pvt Ltd is a niche consulting..
    Locations looking for expansion karnataka
    Establishment year 2005
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore karnataka
Insta-Subscribe to
Entrepreneur
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