Piyush Goyal discusses investment, beauty-tech collaboration opportunities with L'Oreal CEO in Paris
Paris, June 17
Union Commerce and Industry Minister Piyush Goyal met Nicolas Hieronimus, Chief Executive Officer of L'Oreal Groupe, on the sidelines of the Viva Technology 2026 event in Paris, where discussions focused on India's growing role as a hub for innovation, manufacturing and investment.
Sharing details of the meeting on X, Goyal said the discussions centred on "India's emergence as a preferred destination for innovation, manufacturing, and investment."
The minister said he met Hieronimus on the sidelines of "#IndiaAtVivaTech2026" in Paris and highlighted India's growing attractiveness for global businesses seeking expansion and investment opportunities.
According to Goyal, the two sides also explored future areas of cooperation in skills development and technology-driven innovation in the beauty sector.
"Also explored opportunities for collaboration in skill development and beauty-tech innovation under the Make in India initiative," Goyal said in his post.
The discussions come as India continues to position itself as a major manufacturing and innovation destination for global companies under the government's Make in India programme, while also seeking to attract investments in advanced technologies and high-value sectors.
L'Oreal is among the world's largest beauty and cosmetics companies, with a presence across multiple markets, including India. The company has been expanding its footprint in the country through manufacturing, research and consumer-focused initiatives.
The meeting took place during Viva Technology 2026, one of Europe's leading technology and innovation events, which has drawn participation from governments, startups, investors and global corporations.
— ANI
Reader Comments
As a beauty entrepreneur, this is exciting! 🇮🇳 India has immense potential in beauty-tech with our rich heritage of natural ingredients. L'Oreal could leverage our Ayurvedic knowledge for global products. Hope the skill development part benefits local artisans too.
Interesting move by India. The beauty industry is huge globally, and L'Oreal's expertise in R&D could be a game-changer for Indian manufacturing. However, I wonder about IP protection and regulatory hurdles—hope those are sorted before big investments come in.
Make in India is finally getting some real traction! L'Oreal already manufactures here, but beauty-tech collaboration could mean more high-value jobs for our engineers and chemists. Paris se acchi baat hui hai! 👏
While the optics are good, I'm skeptical. India has been talking about Make in India for years, but ease of doing business still lags. For beauty-tech, we need consistent policies on chemicals and cosmetics. Let's see if this translates to actual investment or remains a meeting souvenir.
Finally, someone talking about skill development in beauty sector! So many young Indians want careers in this field but lack formal training. If L'Oreal can set up vocational programs—especially for women in smaller cities—it would be a real win. 🌸
M We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.