India: Indian companies pay more than US for shampoo, conditioner
Indian companies are paying more for shampoo and conditioner than US companies, the United States’ leading shampoo and cosmetics retailer said on Wednesday.
India’s largest shampoo and beauty brand, Washi, said in a statement that the companies that supply its products are making “big profits” but the “price is too high”.
The US-based company said it has been providing conditioners to its customers for at least four years.
“We have been supplying conditioners for at over six years in India.
We have never paid more for a shampoo or conditioner from an Indian company,” the statement said.”
However, we are in a unique position in the market because we have access to a global supply chain and our products are available in the United Kingdom, Australia, Japan and Canada,” Washi said.
India is one of the biggest consumers of shampoo and face scrubs globally.
In March, Washio, the world’s biggest cosmetics retailer, said its sales rose 14 per cent in the past year to reach $1.5 billion.
Indian companies are competing with global brands for the lucrative shampoo market.
US companies, including Johnson & Johnson, the cosmetics giant, and Gillette, maker of the Gillette Razor, have been making inroads into the domestic market with new products that cost up to $20,000.
India-based shampoo and body wash makers also compete in the industry, with a few firms offering cheaper and less hygienic options.
A number of Indian brands have launched products in the US.
The Washi shampoo and makeup range is made in the country, while the Indian brand Shampoosmith is in the USA.
Shampooshaversmith is the only brand to offer its products in a local market.
Washi said the company has invested more than $200 million to establish a US manufacturing base and create more than 700 jobs in the city of New Delhi.