L’Oréal Signs INR 3,500 Cr Investment Deal with Telangana Government at Davos

The Global Capability Centre (GCC) of the French global personal care company L'Oréal is anticipated to open in November of this year, according to official sources on 21 January. The beauty tech company plans to invest INR 3500 crore (350 million euros) by 2030. This will accelerate the delivery of cutting-edge, AI-powered beauty solutions at scale and create 2,000 highly skilled advanced tech jobs, including AI specialists, tech engineers, and data scientists. Let’s explore more on India’s French connection.

India Expanding its Bilateral Ties with France

In 2024, bilateral trade between France and India was $15 billion, and French President Emmanuel Macron and Indian Prime Minister Narendra Modi had been strengthening their relationship. In southern India, Telangana has quickly become a major centre for technology and investment.

According to a December Reuters story, the two parties have also been attempting to update their tax treaty since 2024 by incorporating international standards for tax transparency. The GCC will function as a worldwide hub for supply chain, innovation, technology, and data for the well-known cosmetics industry. According to Hieronimus, the brand's locations worldwide will receive technological solutions developed in the Hyderabad GCC.

State Government’s Support Allured L'Oréal

The cosmetics company invited Minister D. Sridhar Babu and Chief Minister A. Revanth Reddy to the GCC inauguration in November. CM Revanth Reddy was eager to promote L'Oreal's GCC investment in Hyderabad with all possible government support, Minister Sridhar Babu recalled. According to the Minister, Hyderabad is the ideal location for investments, and the state government is prepared to offer international companies complete support.

In addition to the GCC investment, Telangana's Special Chief Secretary, Industries, Sanjay Kumar, encouraged L'Oréal to investigate production in Hyderabad. According to the announcement, Hieronimus gave a positive response and expressed interest in investigating potential future investments in a Hyderabad production facility.

This first-of-its-kind beauty tech hub will be a flagship for developing the next wave of AI-powered beauty innovations and services, according to the company. The hub is expected to grow into a worldwide powerhouse. Hence, unlocking the potential of emerging technologies, data, artificial intelligence, generative AI, and agentic AI.