L'Oréal has announced a major commitment to technological innovation and artificial intelligence in the beauty world, with an investment of **350 million euros in India** to be extended until 2030.
The French multinational has chosen Hyderabad (Telangana state) to build its first global "Beauty Tech Hub", a space designed to develop advanced solutions driven by data, AI, generative AI, and other emerging technologies.
This new hub, which was officially presented at the World Economic Forum in Davos, will be key within L’Oréal’s global innovation network, as it will be integrated with the company’s other technology centers in countries such as France, the USA, China, Singapore,
According to the company, this initiative not only reinforces its digital strategy and its focus on science and technology, but also will drive the creation of around 2,000 highly specialized jobs in engineering, data, and artificial intelligence in the region.
L'Oréal CEO Nicolas Hieronimus stated that the company has been committed to India for over three decades and that this investment reflects confidence in the country's technological talent and its role in the future of global beauty