Direct selling major Amway India on Wednesday said that it is setting up a major R&D centre in India, the third one in the world, to design and develop products not only for India but for the global markets. The company also announced that its new plant in Tamil Nadu would become the regional export hub, catering to neighbouring markets going forward.
The company further said that it would continue to contract manufacture personal and home care products given the huge potential in India and would make nutrition, oral and costmetic products on its own at the new plant, being set up with an estimated investment of R550 crore near Madurai in Tamil Nadu.
Speaking to reporters after launching Nutrilite All Plant Protein Powder here for the Indian market, Anshu Budhraja, general manager, Amway India, said, “After the US and China, India will house a major R&D centre at its proposed plant in Tamil Nadu to not only design and develop products for India for the global markets, particularly to the neighbouring markets.”
The R&D centre, which will house hundreds of scientists and experts, will become operational in the next 18 to 24 months and would involve in joint collaboration with the US and China R&D centres.