Amway India targets to be 1000 cr Co in 2008

Hubli, July 18: Amway India, one of the largest FMCG compnies, has set a target of becoming a Rs 1000 crore company by end of fiscal year 2008, Company's Corporate Communications Head Rajat Banerji said today.

Addressing a press conference here, he said the company has recorded a turnover of Rs 738 crore in 2006.

Mr Banerji, who launched the new product 'Persona 3-in-1 bar soap' with improved formulations, said the Indian market has responded very positively to the concept of Direct Selling and people have taken the independent business opportunity in a big way.

He said that "present launch of Persona 3-in-1 bar soap is in line with companies overall business strategy. As part of this strategy, on one hand, Amway is bringing in its global brand in India. On the other hand Amway India is developing brands especially for the Indian market and persona is one such brand".

UNI