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Direct selling FMCG company Amway India’s first manufacturing facility in India will be commissioned in mid-2015 at Nilakottai near Madurai.
The company’s first greenfield plant in the country is being established with an investment of about Rs 500 crore in the first phase, Sandeep Prakash, Associate Vice-President, Amway India West, said on Wednesday.
The company has acquired nearly 50 acres after signing a MoU with SIPCOT (State Industries Promotion Corporation of Tamil Nadu). It had performed bhoomi pooja in June. “We are now awaiting the single-window clearance from the TN Government,” he said.
Amway India had clocked a turnover of Rs 2,288 crore in 2012, including Rs 626 crore through its e-commerce portal which had registered a 35 per cent growth in business. In the first year of operations in 1998, Amway India had clocked a turnover of Rs 99 crore.
Amway India itself has clocked a 20 per cent CAGR over the last five years and paid over Rs 500 crore by way of taxes to the Centre and the State Governments.
In India, the company, having a portfolio of over 130 products in five categories, plans to launch nearly 10 new products every year. About 95 per cent of Amway products are manufactured indigenously through seven third-party contract manufacturers.
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