Direct selling FMCG company Amway has shortlisted Tamil Nadu and Gujarat for setting up its Rs 400-crore manufacturing facility, a top company official said here on Wednesday.
"With a 19 per cent growth in business turnover, Tamil Nadu is contributing more than 30 per cent. The company prefers the state to set up its Rs 400-crore manufacturing plant, with good air and sea connectivity for bringing in raw materials," Rajat Banerjee, Head, Corporate Affairs, Amway, told reporters here.
Being the leading market for Amway, Tamil Nadu may become a hub for the company in the coming years, he said. Amway does not have its own production facility in India. It gets products through seven third party contract manufacturers.
The company,which registered a turnover of Rs 2,130 crore in 2011 as against Rs 1,790 crore in 2010,is expected to cross Rs 2,500 crore in 2012, Banerjee, here to launch the flagship brand 'Nurtilite Health said. The contribution of Nutrilite grew from Rs 903 crore in 2010 to Rs 1,106 crore in 2011, a growth of 22 per cent, Siva Kumar, Area Manager, Tamil Nadu and Puducherry, said.
