INSIGHT-Modi’s jobs deficit: J&J’s largest India plant idle 3 years after completion [Reuters (UK)]
Johnson & Johnson (JNJ)
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Source: Reuters
INSIGHT-Modi’s jobs deficit: J&J’s largest India plant idle 3 years after completion - Reuters 7 Min Read (This is one of a series of stories on the difficulties the Modi administration has faced in creating jobs) * Johnson & Johnson broke ground on plant in 2014 * The plant was completed in 2016 but has been idle ever since * Facility was expected to employ 1,500 - local media reports * Demonetization disruption hurt demand for basic consumer goods * Weak rural incomes a further concern for consumer product firms By Zeba Siddiqui and Aditya Kalra PENJERLA/NEW DELHI, India May 19 (Reuters) - 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 in southern India. Yet, three years after the U.S. healthcare company completed construction of production facilities for cosmetics and baby products on the 47-acre site, they stand idle. Two sources familiar wit
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