Key Points

Commerce Minister Piyush Goyal held crucial meetings with L'Oreal India and Temasek executives to boost exports and investments. Discussions focused on expanding India's beauty product exports and strengthening skill development in the sector. The minister emphasized aligning these efforts with the Make in India and Skill India initiatives. These engagements aim to position India as a global manufacturing and services hub.

Key Points: Piyush Goyal Meets L'Oreal India Temasek to Boost Exports Investments

  • Goyal meets L'Oreal India to expand beauty exports
  • Discusses skill development in personal care sector
  • Engages Temasek on strategic investments
  • Aligns talks with Make in India initiative
2 min read

Piyush Goyal holds meeting with top executives of L'Oreal India, Temasek to boost exports and investments in India

Commerce Minister Piyush Goyal discusses export growth and skill development with L'Oreal India and Temasek executives to strengthen India's global trade position

"Met Mr. Aseem Kaushik, MD, and Ms. Krishna Vilasini Bharadwaj... explored new opportunities to boost exports of beauty products - Piyush Goyal"

New Delhi, June 26

Union Minister of Commerce and Industry Piyush Goyal held key meetings with senior leaders of global companies to discuss ways to boost exports from India, enhance investments, and promote skill development in key sectors.

In a recent meeting, the minister interacted with Aseem Kaushik, Managing Director of L'Oreal India, and Krishna Vilasini Bharadwaj, Director, Corporate Affairs & Engagement at L'Oreal India.

In a social media post on Wenesday the minister stated, "Met Mr. Aseem Kaushik, MD, and Ms. Krishna Vilasini Bharadwaj, Director, Corporate Affairs & Engagement at L'Oreal India."

The discussions focused on the company's expansion plans in India and explored new opportunities to boost exports of beauty and personal care products from the country.

The meeting also covered the potential of strengthening the skill development ecosystem in India by training professionals in the beauty and personal care industry.

This, he noted, would not only empower youth with job-ready skills but also align with the government's vision of promoting India as a global manufacturing and services hub.

L'Oreal India, a subsidiary of the global beauty giant, has been operating in the country for over two decades. The company's focus on exports and skill-building aligns with the government's initiatives such as 'Make in India' and 'Skill India'.

Earlier, the minister also met Ravi Lambah, Head of Strategic Initiatives and Head of India at Temasek, a global investment firm headquartered in Singapore.

The meeting with Temasek focused on the company's growing investment footprint in India. Discussions highlighted Temasek's role in supporting innovation, job creation, and the broader economic growth of the country.

Goyal in another social media post stated, "Held a meeting with Ravi Lambah, Head, Strategic Initiatives & Head, India at Temasek, a global investment company."

Minister Goyal also appreciated Temasek's confidence in the Indian economy and welcomed its continued engagement in strategic sectors.

The government is actively encouraging global investors to increase their participation in India's development journey, and such dialogues are seen as important steps in that direction.

- ANI

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Reader Comments

R
Rahul P.
Great initiative by our Commerce Minister! 💯 More global companies investing in India means more jobs for our youth. L'Oreal's focus on skill development is especially welcome - we need more vocational training in beauty and wellness sectors. #MakeInIndia
P
Priya M.
While I appreciate the government's efforts, I hope these discussions translate into actual benefits for small Indian beauty brands too. Foreign giants shouldn't dominate the market completely. We need policies that help homegrown brands compete globally.
A
Amit K.
Temasek's increasing investments show global confidence in India's economy. But we must ensure these foreign funds create sustainable businesses, not just short-term gains. Skill development is key - hope L'Oreal's training programs reach tier 2/3 cities too.
S
Sunita R.
Good move! Our beauty industry has so much potential with Ayurveda and traditional knowledge. Hope L'Oreal incorporates more Indian ingredients in their global products. That would be real 'Make in India' success! 🇮🇳
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Vikram S.
These meetings are fine, but what about reducing import duties on raw materials for our cosmetics industry? That would help Indian manufacturers more than just promoting MNCs. Need balanced policies for both domestic and foreign players.
N
Neha T.
As someone working in the beauty industry, I'm excited about the skill development focus! But hope the training programs include modern techniques along with our traditional beauty wisdom. India can become the global beauty hub if we get this right ✨

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