Procter & Gamble India to invest $244 mln to set up manufacturing facility

Procter & Gamble Hygiene and Health Care

29/06/2023 06:46

BENGALURU, June 29 (Reuters) - Procter & Gamble India
said it would invest 20 billion rupees ($243.79 million) to set
up a personal healthcare manufacturing facility in the western
state of Gujarat.
    The company will manufacture digestive products that are
part of parent P&G's global healthcare product portfolio at the
facility, it said in a statement on Wednesday.
    The facility will be operational in the next few years and
become a global export hub for P&G, the Whisper sanitary napkin
maker said.
    The new facility spans 50,000 square meters in Sanand,
Gujarat, and the investment is through an unlisted company and
won't affect any listed public companies within the P&G group in
India.
    ($1 = 82.0370 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by
Subhranshu Sahu)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))