Amway India unit goes on stream

Amway India unit goes on stream

Direct selling firm invests Rs 550 cr in Chennai facility

Amway India unit goes on stream

Direct-selling FMCG firm Amway’s first manufacturing facility in the country, which has been set up at an investment of Rs 550 crore, formally went on stream with its inauguration by Tamil Nadu Chief Minister J Jayalalithaa here on Monday.

Amway India, the subsidiary of the US-based Amway Corporation, has set up the factory at SIPCOT Industrial Park in Nilakottai, Dindigul district, on 50 acres. With an investment of Rs 550 crore, the facility would create 500 direct and 1,000 indirect jobs, an official release said.

The company had earlier signed a similar MoU with the Tamil Nadu government in November 2012 to set up a manufacturing facility at Rs 350 crore. But it scaled up the investment to Rs 550 crore, considering an “industry-friendly climate”, and signed the pact with the state government during the Global Investors Meet in September.

“Through a video-conference facility from Secretariat here, Jayalalithaa formally inaugurated the factory. With the setting up of the factory, 5.50 lakh independent Amway business owners stand to benefit,” the release said.

“It is a privilege for us that the Chief Minister inaugurated our plant. We take pride that we have completed this plant in 26 months. It speaks volumes of industry-friendly climate in Tamil Nadu,” Amway India CEO Anshu Budhraja said.

“We have invested Rs 550 crore and 500 employees directly and 1,000 people indirectly. We have units in the United States and China.”

It sells more than 140 daily use products across categories like nutrition, beauty, personal care and home care. It has offices in 142 locations.

“The manufacturing facility can handle a turnover of Rs 6,500 crore to meet the needs of Indian consumer. A state-of-the-art research and development laboratory is being explored for the facility, raising the site’s importance,” the statement said.

“The manufacturing plant in Tamil Nadu is another example of Amway’s belief in the Indian market and reiterates our commitment to Make in India, Make for India,” Amway Corporation president Dough DeVos said. The factory, to be the third plant outside the US for Amway, also has the LEED Gold certification for environmental and design efficiency.

New innings
*Amway India has set up the factory at SIPCOT Industrial Park in Nilakottai, Dindigul district, on 50 acres of land
*The facility would create 500 direct and 1,000 indirect jobs
*Over 5.50 lakh independent Amway business owners stand to benefit
*Amway India sells more than 140 daily use products. It has offices in 142 locations

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