Takasago business grew 10X in India; CAGR had been in excess of 40%
Takasago International Corp (TIC) (https://www.takasago.com/en) of Japan says its recently opened Mumbai centre reaffirms continued investment in R&D, creative personnel and disruptive innovation, ensure presence in the dynamic Indian market for years to come.
“With the fragrance market in India expected to significanty grow, Takasago reaffirms its dedication to India, pledging continued investment https://www.pmindia.gov.in/en/ in R&D, creative personnel and disruptive innovation, ensuring our presence in this dynamic market for years to come,” said Paul Ireland, President, Global Fragrance Division.
Takasago International has big plans for India in commensurate with the significant opportunities that the market can offer. To support the growth, Takasago International India (TII) business is close to Rs.1,500 million in India https://www.investindia.gov.in/ and the growth in 2023 has been around 30%.
Takasago business growth has increased 10X in India and CAGR had been in excess of 40%.
“Takasago will continue to invest in India in terms of R&D facilities, People resources and Technology transfers. The company has carved out its place by associating with leading FMCG companies in India,” Ireland said.
“While the global fragrance market continues to grow, Takasago https://www.onlinesbi.sbi/ is proud to lead the charge in India, where our business has grown tenfold, capitalizing on the nation’s growing fragrance industry,” he said on 3 Apr, announcing the opening of Takasago International India Fragrance Centre (TIIFC) in Mumbai
“TIIFC comprises of fragrance research, creation and development and sensory evaluation of the fragrance products in an R&D set-up by the trained professionals.”
Shaheel T.T.P., Managing Director, India and South Asia, added, “Our Mumbai Centre stands as a testament to our commitment to R&D innovation, blending art and science to craft fragrances tailored to local tastes with unprecedented speed.
“We are aiming higher in the market which is going to be the growth engine of the world. By leveraging Japanese technology to provide Indian consumers unparalleled experiences, we aim to create fragrances for India, in India https://www.makeinindia.com/home/ .”
Takasago has F&F production plant in India with a production capacity of about 20,000 tons per year. Takasago plans to bring in its Japanese technologies to provide unique and differential experience to Indian consumers.
Perfumers are responsible for the creation of fragrances that are used in non-food products. The perfumer selects the necessary ingredients from fragrances raw materials according to the concept and direction required by the customer and prepares a formula.
The new fragrances are created by improving the formulated fragrances through the trial application and sensory evaluation. The development of fragrances requires a fusion of art and science. In addition to artistry, fragrance creation must be based on science, including long lasting, diffusion, and stability to suit the product’s application.
Represented by Takasago International India Pvt Ltd (TII) in Chennai, the company’s customers include multi-national, large Indian business houses and MSME players in the FMCG segments in India. Takasago had invested in India and set up its own facility in Chennai in 2017 for Creation (R&D), Marketing and Manufacturing of F&F products. Since its inception in India in 2014, TII’s customers include multi-national, large Indian business houses and MSME players in the FMCG segments in India. Fiinews.com
