By  on February 14, 2011

NEW DELHI — Jean-Paul Agon, chief executive officer and soon-to-be chairman of L’Oréal, made a weeklong visit to India last month, as the firm’s wholly owned Indian subsidiary is raring for growth and plans to open a new research-and-development center in India.

“We believe that India will very soon be among the top 10 markets of L’Oréal worldwide and the ambition is that in 10 to 15 years, India would be among the top five in the world for L’Oréal,” he said while he was here. “But for us, the strategic importance of a company is not just in its sales contribution, but also in terms of how much a country can help the global company to do better. Because of the long tradition of beauty [in the Indian culture], we believe the influence of India on the total L’Oréal would be even bigger.”

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