Mary Kay to invest 20 million dollars in India
Global cosmetic major Mary Kay on Wednesday said it would invest 20 million dollars (around Rs 80 crore) here in the next five years for setting up centres.
By PTI |
NEW DELHI: Global cosmetic major Mary Kay on Wednesday said it would invest 20 million dollars (around Rs 80 crore) here in the next five years for setting up centres, developing product portfolio and training consultants in the country.
Mary Kay has introduced around 60 products designed specifically for the Indian market through its subsidiary Mary kay Pvt Ltd. It also has a beauty centre in Delhi to train consultants.
"The company would invest 6-7 million dollars in the first year of operation. In terms of market share we are third in China and anticipate generating same success in India," Mary Kay Asia Pacific President K K Chua said.
Mary Kay Country Manager Hina Nagarajan said, "there are many players in the market but we would provide such services to the customers which will differentiate us from other brands." The products offered by the company range from Rs 400-1,550.
Mary Kay has over 1.7 million independent beauty consultants operating in more than 30 countries across the world with a turnover of around 2.25 billion dollars in 2006.
Mary Kay has introduced around 60 products designed specifically for the Indian market through its subsidiary Mary kay Pvt Ltd. It also has a beauty centre in Delhi to train consultants.
"The company would invest 6-7 million dollars in the first year of operation. In terms of market share we are third in China and anticipate generating same success in India," Mary Kay Asia Pacific President K K Chua said.
Mary Kay Country Manager Hina Nagarajan said, "there are many players in the market but we would provide such services to the customers which will differentiate us from other brands." The products offered by the company range from Rs 400-1,550.
Mary Kay has over 1.7 million independent beauty consultants operating in more than 30 countries across the world with a turnover of around 2.25 billion dollars in 2006.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
