Re: CNI Group to invest RM 10 million in India -- The New Millennium Business Frontiers : JCCorp

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Subject: Re: CNI Group to invest RM 10 million in India

Author:
Margret R.Pinto

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Date Posted: 05:09:56 12/05/03 Fri
Author Host/IP: NoHost/210.212.198.49
In reply to: Yanki Regan 's message, "CNI Group to invest RM 10 million in India" on 04:51:36 10/25/03 Sat

>Tuesday September 23, 9:12 PM
>
>CNI Group to invest RM 10 million in India
>
>
>ADVERTISEMENT
>
>
>
>
>
>New Delhi, Sept. 23 (ANI) Indonesian-Malaysian
>consumer products joint venture CNI plans to invest 10
>million RM (Ringgit Malaysia) in India, making it the
>gateway for its markets in Sri Lanka, Bangladesh and
>Pakistan.
>
>CNI has invested more than RM 4 million in setting up
>its direct selling network, training infrastructure
>and manufacturing operations in India since the
>beginning of this year, CNI Group Chief Executive
>Officer Yanki Regan was quoted as saying in Kuala
>Lumpur.
>
>CNI would invest an additional RM 10 million to
>improve and increase its contribution to its business
>partners in India, he said.
>
>The group has expanded its presence in India after
>getting approval from the Foreign Investment Promotion
>Board of India last year.
>
>It opened its sixth international office in Bangalore
>on Sunday.
>
>The group also has offices and distributors in Hong
>Kong, Singapore and Brunei.
>
>CNI has around 1,000 entrepreneurs in Bangalore and
>other parts of India engaged in direct selling of
>ginseng coffee, toothpaste, ginseng soaps, royal jelly
>Vitamin C, mentholated pain balms, cleansers and
>moisturisers.
>
>The CNI Group was started in Indonesia in October
>1986. Three years later, it expanded its operations to
>Malaysia.
>
>CNI is already a household name in Indonesia with more
>than a million distributors and has about 300,000
>distributors in Malaysia. (ANI)
>
>URL - http://www.cni.com.my/

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