Amway India to invest additional ₹100 crore to fund growth plans

Amway

Highlights :

Amway India to invest additional ₹100 crore in 2 years to fund growth plans
The company is working on boosting it's supply chain and home delivery network
Online orders grow from 33.6% in February to 70% in June 2020.

Direct Selling FMCG firm, Amway India is looking to invest an additional ₹100 crore in the next two years to fuel it's future growth plans in the country.

Sensing growth opportunities in online sales due to changing customer behaviour amid the covid-19 pandemic, the company is working on boosting it's supply chain and home delivery network to meet customer requirements.

Amway has committed an investment of ₹1,000 crore in India, which includes an investment of ₹600 crore to the setup of its manufacturing facility in Nilakotai, Tamil Nadu.

Online orders grow from 33.6% in February to 70% in June 2020. And they expect the online sales growth to remain consistent.

About Amway :

Amway ( short for American Way ) is an American Multi-Level Marketing Company that sells health, beauty and home care products.

The company was founded in 1965 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan, United States.

Amway and it's sister companies under Alticor reported sales of $8.8 billion in 2018. It conducts business in more than 100 countries and territories.

Amway : American Way

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