- Celebs who misuse Twitter for attentionLimca Book of Records honours 25 womenSalman has more value than SRK\'Bhootnath Returns\' actress Usha JadhavThe story of Salman Khan\'s adopted sister ArpitaPICS: Hair donation driveWhat is cooking between Hrithik KatrinaPHOTOS: When Sunny Leone faces fearPICS: Nokia X android hits India on March 15Deepika spent the night at Ranveer\'s house
Olympic bronze medallist boxer M C Mary Kom and international para-athlete Deepa Malik wer
Amway India to set up Rs 500-cr plant in Tamil Nadu Last Updated : 02 Feb 2013 04:41:44 PM IST File Photo
Direct selling FMCG company Amway India on Saturday said it is setting up an over Rs 500-crore greenfield manufacturing facility at Nilakottai in southern Tamil Nadu.
Land had been acquired for the project and is expected to be launched by 'mid-2015' at Nilakottai in Dindigul district, and a memorandum of understanding has been signed with the state government. The company is awaiting the single-window clearance for the project.
The company has invested over Rs 500 crore on the project, Amway India Managing Director and CEO William Scott Pinckney said here.
Speaking to reporters here during the launch of the company's new health range products for women, he said Amway is targeting a "net sales revenue of USD 1 billion in India by 2020".
"It (the unit) is about capacity enhancement to cater to the USD 1 billion market by 2020 and it will make health and beauty products," he said.
In 2012, Amway India clocked a turnover of Rs 2,288 crore, the company said.
It announced the launch of three products under its flagship 'Nutrilite' category. Nutrilite Hair, Skin and Nails, Nutrilite Tri-Iron and Folic and Nutrilite Black Cohosh and Soy, aimed at different health segments ranging from haircare to "overall well-being" of women during menopause, the company said.
These will be available to consumers by this month end or beginning of March, it added.
Post Your Comment (0 posted):
It seems that ace filmmaker Sanjay Leela Bhasali has finalized the male lead of his dream
- Priyanka Chopra as Mary Kom
- WATCH: 'Kaanchi'; Official trailer released
- Celebs who misuse Twitter for attention
- Salman has more value than SRK
- 'Bhootnath Returns' actress Usha Jadhav
- The story of Salman Khan's adopted sister Arpita
- Namrata to bring curtains down at WLIFW
- What is cooking between Hrithik Katrina
It was a battle of survival when two reptiles locked in a deadliest clash. A python fought
Facing tough competition from rivals Blackberry has launched new 'low-priced' models to re