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

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.