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Amway targets 10 pc growth in sales this year
New Delhi, May 02: Leading direct selling company Amway India targets 10 per cent growth in sales at over Rs 680 crore this fiscal on the back of a diversified product portfolio and value added products.
New Delhi, May 02: Leading direct selling company Amway India targets 10 per cent growth in sales at over Rs 680 crore this fiscal on the back of a diversified product portfolio and value added products.
"We are going to add 6-8 products every year," he said, adding Amway plans to open 75-100 offices in India every year.
The company, which sells FMCG products directly to customers, has 36 products and 48 offices in several cities.
Amway India, a wholly-owned subsidiary of 5.0 billion dollar Amway Corporation of US, contributes two per cent to the parent company's topline.
Amway India, a wholly-owned subsidiary of 5.0 billion dollar Amway Corporation of US, contributes two per cent to the parent company's topline.
"The Indian business is the fifth largest across the globe and we aim to be the number one within 10 years," Beddoe said.
The company would also increase its focus on outsourcing products from small units as part of strategy to indigenise.
Amway started its Indian operations in 1995 and has so far invested Rs 151 crore, of which Rs 26 crore is in the form of foreign direct investment.
Bureau Report
"We are going to add 6-8 products every year," he said, adding Amway plans to open 75-100 offices in India every year.
The company, which sells FMCG products directly to customers, has 36 products and 48 offices in several cities.
Amway India, a wholly-owned subsidiary of 5.0 billion dollar Amway Corporation of US, contributes two per cent to the parent company's topline.
Amway India, a wholly-owned subsidiary of 5.0 billion dollar Amway Corporation of US, contributes two per cent to the parent company's topline.
"The Indian business is the fifth largest across the globe and we aim to be the number one within 10 years," Beddoe said.
The company would also increase its focus on outsourcing products from small units as part of strategy to indigenise.
Amway started its Indian operations in 1995 and has so far invested Rs 151 crore, of which Rs 26 crore is in the form of foreign direct investment.
Bureau Report