Amway's $12 Million Investment Pushes India Towards Top Global Market Position
Amway plans to invest USD 12 million in India to enhance its market presence over the next few years. The investment will boost physical stores and research initiatives, positioning India as a significant market. The company emphasizes its focus on health products and the entrepreneurial spirit in India.
- Country:
- India
US-based direct selling giant Amway is set to pump USD 12 million into its Indian operations in the coming three to five years. This investment is part of a strategic plan to elevate India as one of its top three global markets, said President and CEO Michael Nelson.
During his first visit to India in his current role, Nelson highlighted the completion of a decade of manufacturing in the country and expressed ambitions to further increase export activities. Speaking to PTI Videos, he disclosed the financial commitment aimed at expanding Amway’s physical retail presence and enhancing customer and distributor engagement.
Amway’s investment will also focus on boosting research and development, an area where the company has already invested heavily. Nelson noted India’s significant potential, fueled by its population, entrepreneurial spirit, and the government's pro-business reforms, which have paved the way for easier operations and continued growth in the region.
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