French beauty giant L’Oréal to invest $383 million in Indian…

Team S · 2026-01-23T13:32:59.000Z

L’Oréal, the world’s largest cosmetics and beauty company, has announced plans to invest over ₹35 billion (about $383.4 million) to establish a global beauty tech hub in Hyderabad, India aimed at driving innovation in digital and AI-enabled beauty solutions. The investment was formalised at the World Economic Forum 2026 in Davos, where L’Oréal’s leadership partnered with the Government of Telangana to position Hyderabad as a centre for advanced technology, data engineering, and artificial intelligence in beauty products and services. The hub is expected to integrate deep tech work on AI, generative AI, data platforms, and digital tools that will support the company’s global operations, accelerating rollout of next-generation beauty innovation while creating significant employment opportunities. The investment reflects L’Oréal’s growing commitment to leveraging India’s engineering talent and technology ecosystem as a strategic part of its global innovation network. Through this collaboration with state officials, L’Oréal expects to create around 2,000 technology jobs by 2030, including roles for AI specialists, software engineers, and data scientists. The hub will link into L’Oréal’s global tech footprint alongside existing technology and innovation centres in countries such as France, the United States, China, Singapore, Spain, Poland, Canada, Brazil, and Mexico, further integrating India into the company’s long-term digital transformation strategy.

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French beauty giant L’Oréal to invest $383 million in Indian… | Newnex