P&G India to invest Rs 2,000 crore to set up export hub in Gujarat

Procter & Gamble India on Thursday announced investment of Rs 2,000 crore to set up a personal healthcare manufacturing facility in Gujarat.

US-based consumer goods major P&G has invested over Rs 8,200 crore (about $1 billion) through its operations in the country over the last decade.

P&G India said the investment, announced by P&G India CEO LV Vaidyanathan in a meeting with Gujarat Chief Minister Bhupendra Patel, will help create hundreds of direct and indirect jobs, thereby offering a significant boost to the local economy.

“At P&G, we are committed to partnering in India’s growth journey and have continued to operate as a force for growth and a force for good over the years. The new manufacturing facility in Gujarat is a testament of our belief in the immense growth potential that the country offers. We extend our gratitude to the Hon'ble Chief Minister of Gujarat, Mr. Bhupendra Patel, for the inspiring discussion, which highlighted our mutual commitment to the growth of the state, the country, and its people,” said LV Vaidyanathan, CEO, P&G India.

The state-of-the-art manufacturing plant will generate products that are part of P&G’s global healthcare product portfolio, especially digestives, according to a company statement.“I congratulate P&G India for the newly commissioned project. This marks a new milestone in their journey in the state and the country.

This manufacturing site will also be an export hub, and we welcome all the opportunities it unlocks for the local community. Gujarat and P&G India have had a longstanding association with their existing plant in Sanand, Ahmedabad," the Chief  Minister said.P&G India said the facility will be operational over the next few years and is set to become an export hub for P&G globally, and will help P&G India serve its consumers across the globe.

The investment reflects upon P&G's continued focus on partnering in India’s growth journey, and “its commitment to continuously evolve and transform its supply chain to best meet the needs of its consumers, customers, and community”, the statement added.

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