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Procter & Gamble Plans To Expand Business In India, Invests $1 Billion More

February 28, 2013: 12:00 AM EST
Procter & Gamble said it plans to invest $1 billion more in India, as the company expands its business presence in the country. P&G chief executive officer Robert McDonald said his company plans to introduce more product categories in the country. P&G’s business in India has been growing 20 percent every year for more than 10 years now, with the country contributing almost 5 percent of the company’s developing-market revenue, and just less than 1 percent of its global turnover. McDonald said he expects emerging markets, which currently contribute 38 percent of P&G’s global revenue, to account for more than half of its sales by 2025.
Shubham Mukherjee & Namrata Singh, "If you do India well, you can cover entire world, P&G CEO says", Times of India, February 28, 2013, © Bennett, Coleman & Co. Ltd.
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