The Hindu Business Line : Floriana Group to invest Rs 600 cr in spa centres

The New Delhi-based Floriana Group, a conglomerate with a turnover of more than Rs 2,300 crore, plans to set up over 300 wellness centres-cum-spas by 2010 with an investment of up to Rs 600 crore.

Floriana is offering spa services and a range of 15 sandalwood-based products, Mr Sanjay Jain, Chairman and Managing Director, Surya Vinayak Industries Ltd, a part of the Group which is the world’s largest manufacturer of sandalwood oil, told newspersons after the launch of the first spa, Lambency Chandan Sparsh, here.

Mr Jain said it is the first-of-its-kind initiative in the Indian spa industry by bringing together natural products, world-class professionals and FDA-approved patent technology used in the US, the UK, France and Italy at an affordable price.

It would also offer franchisees.

By July 2008, the company would set up spas at Bangalore, Delhi and Mumbai also.

The company would be investing Rs 1.50-Rs 2 crore on setting up a spa and generate nearly 10,000 jobs across the country, he added.

In India, skincare products’ range has a market size of Rs 4,500 crore, including fairness cream’s market size of Rs 3,000 crore.

Globally, day spas account for 75 per cent of spa locations, while destination and hotel spas account for 12 per cent, the remaining being health club spas.

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