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L'Oreal Plans Rs 1,000 Crore Expansion In India

February 9, 2015: 12:00 AM EST
French cosmetics company L'Oreal SA plans to invest Rs 1,000 crore over the next five years to expand its business in India, according to company chairman and CEO Jean-Paul Agon. L'Oreal India Pvt. Ltd will use the money to expand its supply chain, improve its manufacturing facilities, and support research and innovation in the country. Also, L'Oreal India seeks to acquire 150 million consumers across the country and expand sales to Rs 7 billion by 2020.
"Cosmetic maker L’Oreal to invest Rs 1,000 crore in India", India TV News, February 09, 2015, © Independent News Service
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