The Amway has earmarked a global investment of over USD 300 million through 2024 to boost innovation, science, digital technology and entrepreneurship.
The leading entrepreneur-led health and wellness had announced an investment of over $20 million (Rs 170 crore) to boost research and development, manufacturing automation, innovation and science and strengthen digital capabilities in India.
A recent report by McKinsey stated India will be required to create 150 million jobs by 2030 to fast-track growth and meet expectation of the aspiring workforce. This clearly is an opportunity for an entrepreneur-led company like Amway which has immense potential to generate self-employment opportunities. Currently, with more than 550,000 direct sellers and retailers, Amway is poised to make a formidable impact by creating alternative employment opportunities, and thus contribute towards the economic and entrepreneurial progress of India.
Amway Global CEO, Milind Pant said, “Amway’s global growth trajectory is focused on health and wellness and ntrepreneurship. Today, entrepreneurship is being democratized like never before. And, at Amway, as an entrepreneur-led social idea, our vision is to unleash the next generation of entrepreneurs with our all-inclusive business opportunity, making it 10x easier for them to acquire and retain a community of engaged consumers. With unprecedented changes in the employment landscape and the rise of the passion economy, entrepreneurship is becoming one of the preferred choices, especially for women and the youth."