COIMBATORE: Amway India, a direct selling fast moving consumer goods company, plans to expand in Coimbatore.
Pankaj Vassal, vice-president of Amway-South, told presspersons here on Monday that in Tamil Nadu, it registered 40 per cent growth last year. It had over 21 offices and six warehouses in the State and planned to expand here.
The turnover in Tamil Nadu in 2010 was Rs. 382 crore as compared to Rs. 272 crore in 2009. The company had registered a turnover of Rs. 1,790 crore in 2010 in the country.
Amway India had 135 offices in the country, 55 ware houses in 4,000 towns, and sold 123 products.
Nearly 60 per cent of its turnover in India came from sale of nutrition products. And, 20 per cent of turnover from sales through e-commerce.
Amway registered 27 per cent growth in 2010 in the country.
“The target is to achieve Rs. 2,500 crore turnover by 2012,” he said. In a couple of years, it would have products for the elderly segment market.
As much as 97 per cent of products were made in India. Amway also planned to set up its second manufacturing plant in India. The feasibility study was on.
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