Beauty and cosmetic products company Avon India has launched its new range of designer jewellery according to Business Line The range includes gold and rhodium plated necklace sets, pearls and ruby-red beads.
The ) company, a wholly-owned subsidiary of New York City based Avon Inc, said it witnessed nearly 40 per cent compounded annual growth rate over the last three years. “We are hoping to grow at the same pace,” said Ujjwal Mukhopadhyay, Managing Director, Avon India. The company is planning to launch more than 300 products across various categories in the country, he added. Avon India’s online sales have increased by nearly 20 per cent from 3 per cent in 2010. “Going forward, we aim to become a paperless company,” Mukhopadhyay said.
What this means
All signs for western entrants who have taken the time to understand India look positive. From Amway, to Procter & Gamble, to Tuppeware, American companies who plan well and adapt to India bring rewards to their stockholders.
How we can help
If you are struggling with your India plan or if you are just getting started, register on www.amritt.com and send us an email about your current situation; we can quickly determine whether and how we can help.
