Direct selling firm Amway on Monday announced it has set up its first manufacturing facility in India on an investment of Rs 550 crore, in Tamil Nadu. The company said India is only the fourth country in the world where it has invested in a plant. “Amway has spent in India, more than 30 per cent of $335 million allocated for global expansion,” it said in a statement.
This is Amway^s third manufacturing plant outside of the US. The other plants are located in China and Vietnam. The firm said the new manufacturing facility can handle a turnover of Rs 6,500 crore, adding that a state-of-the-art R&D laboratory is being explored for the facility, furthering the plant^s importance to Amway^s global supply chain.