Procter & Gamble India to invest Rs 2,000 crore manufacturing unit in Gujarat

Procter & Gamble India on Thursday revealed its intention to invest Rs 2,000 crore for a personal healthcare manufacturing facility in Gujarat, India. 

The newly announced facility, spanning an area of 50,000 square meters in Sanand, Gujarat, will focus on the production of digestive products from P&G's global healthcare product portfolio. 

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

US-based consumer goods major P&G said that the facility will commence operations in the coming years and will serve as a prominent export hub for P&G worldwide. It is important to note that the investment will be made through an unlisted company and will have no impact on any publicly listed companies within the P&G group in India.

LV Vaidyanathan, the CEO, of P&G India, said that “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.”

Source: Media reports