L’Oreal in talks to set up ₹ 400 cr plant in Himachal

Shimla: L’Oreal, the French cosmetic company has shown interest in setting up a ₹ 400 crore manufacturing facility in Baddi in Solan district in Himachal. This was disclosed by industries minister Kishen Kapoor today on Wednesday. Kapoor said company was looking for suitable land for the plant and the state government was helping the company to set up the plant. L’Oreal has a manufacturing plant in Pune and this will be the second plant in India and first in North India.

As per company’s proposal, the proposed unit in Himachal would provide direct and indirect employment to 700 people. Kapoor said besides L’Oreal another major group Indorama Industries, world’s largest producer of polyester, which had earlier invested ₹ 400 crore in its plant in Baddi, is now investing over ₹ 1,000 crore in three phases of expansion. Indorama Industries is a subsidiary of the Singapore-based Indorama Corporation which produces spandex filament yarns at Baddi. As per government press release as on 31st May, 2012, a total number of 38,790 industrial enterprises are registered in the state out of which 488 are in medium and large scale sector. Total investment in these enterprises is ₹ 16,287.27 crore.

Related Posts with Thumbnails

Leave a Reply

Your email address will not be published.