The home and personal care sector requires about Rs 1 lakh crore investment initially for a sustainable future using more eco-friendly methods like clean energy and processes for production, as per the industry estimates.
The Indian Home and Personal Care (HPC) industry, currently valued at approximately Rs 65,000 crore for home care and nearly Rs 2,00,000 crore for personal care, is poised for a major shift towards sustainability, a statement by Indian Home and Personal Care Industry Association (IHPCIA) said.
The sector stands at a critical juncture where strategic investments in renewable resources, eco-friendly manufacturing, and advanced packaging solutions can drive beyond GDP-linked growth and propel double-digit expansion.
To enable this transformation, the industry requires substantial capital infusion.
A transition from fossil-based inputs to renewable alternatives demands the construction of ethylene cracker complexes, each costing around Rs 20,000 crore, with at least f