L'oreal to invest $383 million in Indian tech hub

Core Viewpoint - French cosmetics giant L'Oreal is establishing a tech hub in Hyderabad, India, with an initial investment exceeding 35 billion rupees, equivalent to approximately $383.41 million [1] Group 1 - L'Oreal's investment in the tech hub signifies its commitment to expanding its technological capabilities in the Indian market [1] - The establishment of the tech hub is part of L'Oreal's broader strategy to enhance innovation and digital transformation within the company [1] - The investment amount reflects L'Oreal's confidence in the growth potential of the Indian market and its tech ecosystem [1]