Amway to spend Rs 185 crore to buy office space in NCR

by louabbott on April 14, 2009

Stock Watch – Published April 14th, 2009

Amway, a global leader in multilevel marketing, plans to invest nearly Rs 185 crore in India over the next two-three years, to buy space for its headquarters in the National Capital Region (NCR).

Sources reported that the company is presently in talks with various developers and looking at an area with sizes varying between 30,000 sq ft and 50,000 sq ft in Delhi, Gurgaon and Noida.

Apart from buying space in NCR, the company has intention to setup eight new centres about 8,000-10,000 sq ft each, across various locations in the country.

The company believes that each centre will require an investment of about Rs 2-4 crore.

Read the entire article at Stock Watch

Also, read our company overview: Amway Facts, News and Review

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