Home >industry >manufacturing >P&G CEO meets Narendra Modi to underline its interest in India

Mumbai: Global consumer packaged goods company Procter & Gamble Co. chief executive officer David S. Taylor met Prime Minister Narendra Modi in New Delhi on Tuesday to underline the company’s interest in India and to promote the use of its technology for recycling sanitary waste in the country.

The maker of Whisper sanitary napkins and Gillette razors spoke to the Modi about sharing his vision for programmes like Swacch Bharat, Make in India, Skill India and Beti Bachao Beti Padao which the company says are in line with P&G’s global sustainable goals.

P&G has tested new technology in Italy to upcycle sanitary waste which is yet to be commercialized. Taylor who was visiting the country for the first time after taking over as chief executive in November last year is hoping that India could be one of the first countries where it will be able to deploy the same.

Taylor who was in the country for less than 24 hours also spoke to Modi about the company’s investment plans and other initiatives like Shiksha which has helped build and support over 1,000 schools impacting the lives of over 1 million children in India.

“We were honoured to meet the Hon’ble Prime Minister Modi and talk about P&G’s business in India. We reinforced our commitment to sustainability and agreed to partner with the Indian government on the Clean India initiative to protect the environment and reduce waste to landfill. We also reaffirmed our mutual goal to improve the lives of women and children. In this case, by providing brands and products that offer health and hygiene benefits like Whisper and Pampers and by providing access to education for underprivileged children through P&G Shiksha. Overall, it was an exciting meeting and we were proud to be able demonstrate P&G’s commitment to this dynamic and fast growing country,“ said Taylor.

P&G has seven manufacturing facilities in India spread across six states which account for more than 90% of what it sells in the Indian subcontinent. The company has 12 brands in the country and is the market leader in sanitary ware, diapers, shave care, anti-ageing, blades and razors and anti-dandruff shampoo. It is among the top three in fabric care and oral care.

P&G has three entities in India Procter and Gamble Hygiene and Healthcare Ltd which ended the financial year June 2016 with net profit of 423.03 crore on revenues of 2481.68 crore. The second listed entity Gillette India Ltd had net profit of 213.03crore on revenues of 2,051.87 crore for the year ending June 2016. The third entity Procter and Gamble Home Products Ltd is a privately held company and had a net profit of 22.47 crore on revenues of 6,044.95 crore for the year-ending March 2015, according to financial data provider Capital line.

In 2013, the company had announced an investment plan of $1 billion in the country. Since then it has setup a new manufacturing plant two years-ago in Hyderabad.

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