- ‘enavabharat.com’ in conversation with Amway’s Global CEO Milind Pant
Mumbai : Amway Corporation, the world’s leading direct selling company, is one of the leading multinational companies operating in India, which is also providing employment opportunities by manufacturing in India itself. Amway has been doing business in India for the last 23 years and is doing more than 90% of its production in India. Amway business is well known for following ethical values along with environmental protection and innovative and high quality products.
Since 2019, Amway is headed by Milind Pant, who is the first Indian Global CEO of this 61-year-old FMCG company. Amway’s focus on India has increased under the leadership of Milind Pant. Vishnu Bhardwaj, commerce editor, enavabharat.com, discussed the company’s expansion plans in India, job creation and related issues with visiting Amway Global CEO Milind Pant. Here are its main parts:-
How is Amway contributing towards ‘Self-reliant India’ and job creation?
It is such that according to the McKinsey report, India will need to create about 150 million new jobs in the next 10 years due to the increasing number of youth, but the traditional sector will not be able to create that many jobs. Although important initiatives like ‘Atmanirbhar Bharat’ and ‘Vocal for Local’ of the Government of India will generate a large number of new jobs, but in view of the large number of 150 million, the youth are encouraged to take up entrepreneurship. Must also be inspired. Therefore, Amway is constantly motivating youth and women for self-employment. At present, with over 5.50 lakh direct sellers and retailers, Amway is poised to make a tremendous impact by creating alternative employment opportunities and thus is poised to contribute to India’s economic and entrepreneurial growth.
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What is the share of women in Amway’s direct sellers in India?
Amway is promoting ‘Women Empowerment’ not only in India but globally. In South Korea, 90% of our direct sellers are women. In India too, the participation of women in our workforce has gone up to 60%. And we are giving special encouragement to women for entrepreneurship. regardless of their background, education or financial circumstances. We hope that the participation of women in India will increase even more rapidly in the coming years.
What is Amway’s investment plan in India?
It is such that Amway is doing business in more than 100 countries in the world, among them India is the top priority market for us after USA and China. In addition, India is also one of the top three preferred investment destinations for Amway with a focus on digital, manufacturing automation, innovation and health and nutrition segments. We are making a fresh investment of Rs 170 crore to promote R&D, manufacturing automation, innovation and science and strengthen digital capabilities in India.
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What are the possibilities of business expansion in India?
We see immense potential for development in India. As the market leader in the nutrition category, Amway is at the forefront of innovating and indigenously developing health and nutrition product solutions to meet the ever-evolving needs of consumers. With the increasing thinking of entrepreneurship in the country, Direct Selling is playing an important role in strengthening the Gig Economy today. Growth in the passion economy is also fueling the move to entrepreneurship, as people increasingly turn their passions and hobbies into businesses using social platforms and technology. This creates good opportunities for business growth along with job creation for Amway.