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Amway to setup manufacturing plant in Jammu & Kashmir

With a revenue increase of 26% in Jammu and Kashmir, Amway is planning to setup a manufacturing unit in the state in next 3 years with an investment of Rs.400-500 crore.

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Amway

Amway Indian enterprises is the country’s largest direct selling FMCG Company which recorded sales of Rs.14.5 crore in the state. J & K is always a profitable run for Amway and it continues to bring high share of sales. Amway registered a turnover of Rs.2, 310 crore in 2011 with an increase of 19% compared to Rs.1, 790 crore in the previous fiscal.

Vice president (North) of the company mentioned that Amway’s products have penetrated well into the market and was clearly visible from the double digit growth for the past four years. Advertising and e-commerce initiatives taken by the company added a huge benefit, he added. Amway is one of the leading companies in health and beauty category.

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