New Delhi, May 9: India’s Minister of Commerce and Industry, Piyush Goyal, held a significant meeting with Mr. Vincent Estoux, the International Relations Director of LVMH Group Moët Hennessy Louis Vuitton.
The discussion focused on strengthening manufacturing in India, increasing exports, investing in local talent, promoting Indian culture globally, and advancing a mutually beneficial trade partnership.
Minister Goyal shared on the social media platform X, “I had a productive meeting with Mr. Vincent Estoux from LVMH Group. Our conversation centered on enhancing manufacturing in India to boost exports, investing in local talent, promoting Indian culture through collaboration, and fostering a balanced trade partnership.”
Earlier, Minister Goyal met with senior officials from L’Oréal Group, a leading French beauty and personal care company. They discussed strengthening sourcing, manufacturing, and exports from India.
Goyal noted on X that he met with a delegation led by Vismay Sharma, President of L’Oréal Group for South Asia, the Middle East, and North Africa. They explored opportunities to increase production and exports from India.
He highlighted that L’Oréal recently launched the world’s largest beauty tech global capacity center in Hyderabad. This initiative aims to enhance new opportunities in India’s beauty and personal care sector.
In January, the French cosmetics giant announced an initial investment of approximately $383.4 million to establish a beauty tech and innovation hub in Hyderabad.
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