The Chinese raw materials being used by leading consumer product brands such as Hindustan Unilever, Dabur and Godrej Consumer Products are being replaced with local indigenous ones. This is being done as a part of their strategy to either reduce or completely eliminate sourcing materials from the neighbouring countries.
“We are developing local sources for these imports. Since the world supplies are dominated by China, it will take some time for alternates to develop,” said Sunil Kataria, CEO – India and SAARC at Godrej Consumer Products Ltd.
In July, India’s biggest consumer goods firm, Hindustan Unilever, said it will reduce dependence on China. The company’s chairman, Sanjiv Mehta, told investors at its 87th AGM said, “We do have imports from China worth Rs 429 crore, including raw material and part packing material. And we have an absolute clear strategy, and have started working on what would be the possible alternatives.”
