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Procter & Gamble India sets up Rs 200-crore fund focused on climate

The new fund is in addition to its innovation sourcing fund that the company, the local unit of the world's largest consumer goods firm P&G, had launched last year

Viveat Susan Pinto  |  Mumbai 

Climate change

Consumer goods major (P&G) India on Thursday said it had set up a Rs 200-crore fund that would partner and invest in that provided environmentally sustainable solutions. The new fund is in addition to its innovation sourcing fund that the company, the local unit of the world's largest consumer goods firm P&G, had launched last year.

So far, India has spent Rs 200 crore through the innovation sourcing fund, investing in start-ups that provide interesting ideas and solutions to business problems. Rival Unilever, the world’s second-largest consumer goods firm, through Unilever Ventures, has been backing start-ups in India across categories such as beauty, wellness, data analytics and grocery.

The local arm of P&G, meanwhile, is hosting an event to identify that drive sustainable solutions including those in packaging, manufacturing and energy utilisation.

First Published: Fri, November 29 2019. 02:21 IST
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