'India is a place where P&G can set up plants for exports'

In July last year, LV Vaidyanathan took charge as managing director and chief executive of Procter & Gamble (P&G) India that comprises four separate entities, including two large listed companies—Gillette India and Procter & Gamble Hygiene & Health Care.

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On Wednesday, the local arm of the US company announced an investment of ₹2,000 crore to build a new export-focussed plant in the country. In an interview, Vaidyanathan said investments will “continue to come" to India as favourable demographics drive demand for its products and as the company builds on India’s role as a manufacturing and talent hub. He also said while fast-moving consumer goods (FMCG) businesses are seeing early signs of moderation in raw material prices, the company remains cautious in the short-term. Edited excerpts:

You have returned to India in an official capacity after a gap of nearly two decades. What changes have you seen in the market as well as in P&G’s business in India?