Piyush Goyal discusses manufacturing, trade opportunities with French major LVMH

NEW DELHI: Commerce and Industry Minister Piyush Goyal met senior officials from French luxury goods major LVMH Moet Hennessy Louis Vuitton SE and discussed opportunities on strengthening manufacturing in India.

The ministry had a productive meeting with Vincent Astoux, International Relations Director of LVMH, in the national capital.

“Discussion focused on strengthening manufacturing in India to expand exports, investing in local talent, promoting Indian culture through future collaborations, and advancing balanced and mutually beneficial trade partnerships,” Goyal posted on X.

Last year, L Catterton, a private equity firm backed by LVMH, the luxury goods conglomerate behind brands such as Louis Vuitton and Dior, announced to raise $600 million for its debut India-focused fund.

Meanwhile, Goyal also met senior officials from the French beauty and personal care major L'Oréal Groupe and discussed strengthening sourcing, manufacturing, and exports from the country.

“Held a meeting with a delegation led by Vismay Sharma, President–South Asia Pacific, Middle East and North Africa Zone, at @LOrealGroupe. Discussions focused on strengthening sourcing, manufacturing, and exports from India,” Goyal posted on X social media platform.