L'Oréal to Establish Global Beauty Tech Hub in Hyderabad, Investing ₹3,500 Crore

• L'Oréal Paris announced its first global technology hub will be set up in Hyderabad, India.
• The announcement followed a meeting between Telangana Minister D Sridhar Babu and L'Oréal CEO Nicolas Hieronimus at the World Economic Forum in Davos.
• The hub will focus on developing AI-powered beauty innovations, including generative AI and agentic AI.
• L'Oréal plans to invest over ₹3,500 crore in the facility by 2030, creating approximately 2,000 highly skilled tech jobs.
• Separately, AB InBev also announced significant investment to expand its facility in Telangana.

Why It Matters: L'Oréal is investing ₹3,500 crore in Hyderabad for a global AI-powered beauty tech hub, creating 2,000 jobs.