Commerce and Industry Minister Piyush Goyal held discussions with senior executives from L’Oréal Groupe to explore new opportunities for expanding India’s beauty and personal care sector through increased sourcing, manufacturing, exports, and technology-driven innovation.
The meeting focused on strengthening India’s role in the global beauty supply chain as the French cosmetics major deepens its presence in the country. Goyal said discussions included ways to enhance exports from India while positioning the country as a global manufacturing and innovation hub for the beauty industry.
The talks come shortly after L’Oréal Groupe launched its largest global Beauty Tech Capability Centre in Hyderabad. The facility is expected to serve as a global centre for artificial intelligence-driven beauty innovation, digital transformation, analytics, and supply chain solutions.
The company has announced an initial investment of approximately US$383 million for the Hyderabad hub, which is projected to create around 2,000 technology-related jobs by 2030. The centre will support global operations across technology, data, digital commerce, and product innovation.
Government officials believe the investment highlights India’s growing importance in global technology and consumer sectors. The initiative is also expected to encourage greater collaboration between multinational companies and India’s fast-growing beauty and wellness ecosystem.
India and France have continued to strengthen bilateral trade ties, with total trade reaching approximately 12.67 billion euros during FY 2024-25. Indian exports accounted for nearly 6.67 billion euros during the same period.
Separately, Goyal also chaired a brainstorming session with officials from the Department of Commerce and the Department for Promotion of Industry and Internal Trade to identify measures aimed at increasing India’s global trade presence. Discussions covered strategies to support exporters, attract investments, and expand access to international markets.
India’s total merchandise and services exports reached a record high of US$863.11 billion during FY 2025-26, reflecting continued export growth despite global geopolitical tensions and tariff-related uncertainties.
