Amway is setting up a $96 million (600 Crores) unit in the southern state of Tamil Nadu, and it is also looking for further expansion by way of an additional plant in India, reports The Times of India.
Amway’s managing director and CEO William S. Pinckney said, “We are looking outside Indian markets, like Sri Lanka, Bangladesh, UAE, and Middle East. We think and believe that India can be an export hub to those market. That could cause us more quickly for look for more investments to support that manufacturing push. We do think that more investments are coming in,” he added.
Amway, which is targeting business of $1 billion (Rs 6,000 crore) by 2020, said that its Tamil Nadu unit would be operational by end of March next year and it would focus on health and beauty products.
