Mary Kay to Invest 20 Million in India
NEW DELHI: Global cosmetic major Mary Kay on Wednesday said that it would invest $20 million (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 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 told PTI.
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