The world's largest manufacturer of flavours and fragrances Givaudan is betting big on India. The company has invested Rs 400 crore in setting up its second and largest factory in Pune. CNBC-TV18's Priya Sheth caught up with Giles Andrier, CEO of Givaudan to understand the company's plans going forward.
Andrier said, "The Pune plant that we have invested into is 60 million Swiss franc, it is a very large investment, it is actually the largest we did in India. It is a dedicated plant to make flavours. In flavours and fragrances over the last 20 years, we have grown in double-digit and in a very consistent way in India."
He further added, "For the group, we have a target of growing 4-5 percent in the world until 2020. China and India are the largest market growth opportunities that we have ahead of us. Revenue that we make in India for Givaudan is roughly 4 percent of our total sales."