Amway expects a turn over of Rs one crore per year

Gangtok, Feb 24 (UNI) Amway India, a subsidiary of US based 6.2 billion Amway Corporation, expects Rs one crore turnover in Sikkim this year.

Company Associatte Vice President K Shankar Narayan today told newsmen at the launch of its office here that,'' Sikkim with highest per capita income in the country has a huge potential for business and we hope to do a business of Rs one crore in a year time.'' Mr Narayan said the company had a business turn over of Rs 140 crore in the eastern region with a market share of 32 per cent.

He said Amway India in Sikkim would cater to the needs of the interior towns and area and enhance brand visibility adding that the company had registered a robust growth of 17 per cent last year in India.

The direct selling major, finished the 12 month period at Rs 738 crore from Rs 638 crore in the previous year.

The company had already opened its business in 2500 towns and cities and contributed more than Rs 175 crore to the government exchequer in form of taxes and duties.

The company, which started with only six healthcare products, now manufactures more than 80 products, including 30 varieties of beauty products in the Indian market accounted for 60 per cent of the turn over.

Mr Narayan said the company at present has four product categories-- Nutrition and wellness, cosmetics, home care and personal care products.

About 85 per cent of the products sold in the country are produced at the facilities of five contract manufacturers, he added.

The company also generated 2500 jobs directly or indirectly, he claimed.

UNI