Targeting an annual turnover of Rs 2,500 crore by 2012, Amway India today said it would set up another manufacturing facility in the country.
"Amway India recorded a sales turnover of Rs 1,790 crore in 2010 growing at 27% over the previous fiscal. This is the third successive year that we have registered growth upward of 25%," Amway India's MD & CEO William S Pinckney said here after inaugurating the company's first health and beauty experience centre in Orissa.
"The state of art Brand Experience Centre is a unique initiative in Orissa in the field of nutrition, wellness and beauty that enhances brand visibility and awareness," he said.
Amway has invested Rs 151 crore in the country, including Rs 26 crore as the direct foreign investment, Pinckney said, adding that the company has 450 full time employees and generates indirect employment for 1,650 persons.
Asked about the amount of investment and location of its proposed new manufacturing facility, Pinckney said, "We are yet to decide on the size of the investment and location."
Amway India's presence in Orissa was through four touch points - Bhubaneswar, Balasore, Sambalpur and Jeypore and through warehouses at Bhubaneswar, Rayagada, Sambalpur and Balasore.
The state posted sales of Rs 32.6 crore in 2010 up from Rs 23.8 crore in 2009. "The company has paid a tax of Rs 4.45 crore to the state exchequer in FY11," he said.
