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RSS FeedsHype & fizzle: Johnson & Johnson´s factory typifies Modinomics
(WorldNews India)

 
 

20 may 2019 01:14:10

 
Hype & fizzle: Johnson & Johnson´s factory typifies Modinomics
(WorldNews India)
 


It was supposed to be Johnson & Johnson´s biggest manufacturing plant in India. It was to eventually employ at least 1,500 people and help bring development to a rural area near Hyderabad. Yet, three years after the US healthcare company completed the construction of its production facilities for cosmetics and baby products on the 47-acre site, they stand idle. Two sources familiar with the company´s operations in India and a state government official said that production at the plant, at Penjerla in Telangana, never began because of a slowed growth in the demand for the products. One of them said the demand didn´t rise as expected because of two shock policy moves by Prime Minister...


 
5 viewsCategory: General > Asia > India
 
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