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Procter & Gamble, the US multinational, has announced a 2,000 crore INR ($163.99 million) investment to set up an export hub in India, according to a Times of India report.
The new 50,000 sq m facility in Sanand, near Ahmedabad will reportedly use state-of-the-art technology to manufacture digestive wellness products, fully automated in line with Industry 4.0 principles. It will extend P&G’s existing presence in the state of Gujarat, where it has had a plant near Sanand since 2015.
Commenting on the move, P&G India CEO LV Vaidyanathan said: “The new manufacturing facility in Gujarat is a testament of our belief in the immense growth potential that the country offers. With the new state-of-the-art facility, our objective is to transform India into an export hub for P&G globally”.
The investment is reportedly being planned through an unlisted private company.
Source: Times of India
