Procter & Gamble to invest Rs 2,000 cr in India, set up plant in Gujarat
FMCG products maker Procter & Gamble India on Wednesday said it will invest Rs 2,000 crore here to set up a new personal healthcare manufacturing facility in Gujarat.
This would be the ninth plant of Procter & Gamble in India, which owns popular brands like Ariel, Duracell, Gillette, Head & Shoulders, Oral-B, Pampers, Pantene, Tide, Vicks and Whisper.
The new plant spread across a 50,000 sq metre area in Sanand will produce products that are part of P&G's global healthcare portfolio, especially digestives, a company statement said.
"This facility will be operational over the next few years and is set to become an export hub for P&G globally, as it will help P&G India in serving consumers across the globe," it said.
Besides, this will also help create hundreds of direct and indirect jobs, thereby offering a significant boost to the local economy, it added.
The investment was announced by P&G India CEO LV Vaidyanathan in a meeting with Gujarat Chief Minister .