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VLCC to venture into Malaysia, Singapore
2 June 2011: VLCC plans to enter Malaysia and Singapore as part of a $15-million (approx Rs 67.5 crore) plan that will be put into action in the next 18 months. It has made a beginning in Sri Lanka, Bangladesh and Nepal in early 2011.
Also, the company is looking to expand the market for its JV with the US based Pritikin Longevity Centre & Spa – it has one centre in Delhi now. The biggest contributor to VLCC's revenue is its slimming and beauty centres. The FICCI Ernst & Young Wellness Report (2009) puts the size of the wellness services market at Rs 11,000 crore.
Source: Hindu Business Line