Source: The Economic Times 4/28/2006

Amway Hopes to Increase Turnover

Amway India, a health and beauty direct selling FMCG company, on Friday announced its plans to target a turnover of more than Rs 700 crore in Septmber-August 2006 as against Rs 633 crore in the corresponding period of last year.

The company is a subsidiary of Alticor Inc, a $6.4 bn American based firm, and is aiming to position itself as India's premier health and beauty company.

"We would like to take our total turnover to over Rs 700 crore by August, while maintaining a growth level of 15 per cent. We will also be launching 14 new products in the field of nutritional and cosmetic range in this year," Amway India Associate Vice President (North) Srinivas Rao said.

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