French cosmetics large L’Oréal mentioned on Wednesday it’ll arrange a magnificence tech hub in the south Indian metropolis of Hyderabad with an preliminary funding of over 35 billion rupees ($383.4 million).
The hub goals to be a world base for AI‑pushed magnificence innovation, create 2,000 tech jobs via 2030, and pace up the rollout of superior AI magnificence options, the corporate mentioned in an announcement.
Nicolas Hieronimus, L’Oréal ’s CEO, and the state authorities of Telangana formalised the partnership on the World Economic Forum, Davos.
Telangana has quickly emerged as a key funding and know-how hub in southern India.
Bilateral commerce between India and France stood at $15 billion in 2024, and Indian Prime Minister Narendra Modi and French President Emmanuel Macron have been forging hotter ties.
The two sides have additionally been working to recast their tax treaty since 2024 to modernise it by adapting world requirements on tax transparency, Reuters reported in December.
By Urvi Dugar and Haripriya Suresh
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