9 months ago
Unilever CEO Sees Massive Opportunities in India
The boss of Unilever, Fernando Fernandez, thinks India is a great place for his company to grow.
He says the Indian government has made some good changes, like lowering taxes and reducing interest rates, which will help the economy.
This means people will have more money to spend, and Unilever's products are well-suited to take advantage of this.
He also mentioned that India has a huge and diverse consumer base, with different income levels, which presents a lot of opportunities for growth.
Unilever has even brought in new leaders to help boost sales in India.
Overall, Fernandez is very excited about the future of Unilever in India.
Unilever CEO Fernando Fernandez sees 'massive' opportunities in India due to economic reforms and GDP growth.
GST cuts, tax reductions, and interest rate cuts are expected to boost consumer spending.
Unilever's product portfolio is well-positioned to benefit from increased household prosperity.
Hindustan Unilever is Unilever's second-largest market globally, contributing 12-14% of total sales.
New leadership appointments aim to strengthen volume growth in India.
- Who
- Fernando Fernandez, CEO of Unilever
- What
- Unilever sees significant opportunities in India due to economic reforms and growth
- Where
- India
- When
- Recent economic measures and GDP growth
- Why
- GST cuts, tax reductions, and interest rate cuts are boosting the economy
Key facts
- CEO
- Fernando Fernandez
- Company
- Unilever
- Subsidiary
- Hindustan Unilever
- GDP Growth
- 8.2%
- GST Impact
- 40% of Unilever's portfolio
- New CEO
- Priya Nair
- Market Position
- Second-largest market globally for Unilever
- Revenue Contribution
- 12-14% of total sales
Quotes
Fernando Fernandez
CEO of Unilever
“Opportunities there are massive. You have 700 million with income per capita of Indonesia, Thailand, Philippines and another 700 million with the income per capita of East Africa and West Africa. There is growth for everyone in India. And we believe that we will be the main beneficiaries of what will be a much more dynamic economic environment in India.”
thehindubusinessline.com
“I feel the government in India has taken very relevant measures lately. So, GST reduction, that is the VAT of India, personal income tax reduction, interest rate reduction, when the government does something like this, it’s because things in the economy are not right, and really that's what's happening the last couple of years.”
thehindubusinessline.com
