Piyush Goyal Meets LVMH and L’Oréal Leadership to Strengthen India’s…

Sarah J · 2026-05-15T16:33:48.000Z

Union Commerce and Industry Minister Piyush Goyal held high-level discussions with French luxury conglomerate LVMH and global beauty giant L'Oréal to expand manufacturing, sourcing, investments, and exports from India as the country accelerates its push to become a global manufacturing and supply chain hub. During the meeting with LVMH executives led by Vincent Astoux, International Relations Director at the company, discussions focused on strengthening manufacturing operations in India, investing in local talent, promoting Indian craftsmanship and culture through future collaborations, and enhancing mutually beneficial trade partnerships. The talks also highlighted India’s growing role in the global luxury supply chain. Goyal also met senior leaders from L’Oréal Groupe led by Vismay Sharma, President for South Asia Pacific, Middle East, and North Africa Zone. Discussions centred around increasing sourcing, manufacturing, and exports from India while exploring new opportunities in the country’s rapidly growing beauty and personal care sector. The meetings come as India intensifies efforts to position itself as a preferred destination for global manufacturing diversification under initiatives such as Make in India, Production Linked Incentive (PLI) schemes, and expanding Free Trade Agreements (FTAs). The government is actively encouraging multinational companies to integrate Indian talent, design capabilities, and production infrastructure into global supply chains. L’Oréal recently expanded its India presence through the launch of its largest global Beauty Tech Global Capacity Centre in Hyderabad, reinforcing India’s importance in the company’s technology and innovation strategy. The engagement with two of France’s largest global consumer and luxury groups signals increasing international confidence in India’s manufacturing ecosystem, skilled workforce, and export potential across luxury goods, beauty, fashion, and consumer sectors.

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Piyush Goyal Meets LVMH and L’Oréal Leadership to Strengthen India’s… | SEINET