CHENNAI: Chief Minister J Jayalalithaa on Monday inaugurated Amway Enterprises Limited’s first manufacturing facility in India at Nilakottai in Dindigul district, set up at a cost of Rs 550 crore. The facility is Amway India’s, (a subsidiary of Michigan-based Amway Corp.) third manufacturing plant located outside the USA.
“The Amway plant is most impressive. I wish you great success,” the Chief Minister said after inaugurating the manufacturing facility at the SIPCOT complex in Nilakottai.
“The Memorandum of Understanding for this unit was signed on November 5, 2012 for Rs 300 crore in the presence of the Chief Minister. Considering the investor-friendly climate in the State, Amway increased its investment to Rs 550 crore and signed a fresh MoU during the Global Investors’ Meet held in September last,” according to an official release.
The manufacturing unit will provide direct employment to 500 persons and indirect employment to 1,000 persons. Besides, as many as 5,50,000 active independent Amway business owners will benefit directly by selling products manufactured in the facility. Anshu Bhudraja, managing director and chief executive officer, Amway India, said the plant was completed in a record time of 26 months. “It speaks volumes of the industry-friendly climate and the ease of doing business in Tamil Nadu. We have units in United States and China. We have undertaken multiple corporate responsibilities, including the adoption of 10 villages for rainwater harvesting and are planning to adopt 10 more villages and the setting up of a high-tech research and development centre,” he added.
The official release from Amway India added that the facility can handle a turnover of Rs 6,500 crore to meet the needs of the Indian consumer. A state-of-the-art R&D laboratory is being mooted for the facility,which will raise the importance of the site for Amway’s global supply chain.