New Delhi, Feb. 18 -- Fast-moving consumer goods player HUL on Wednesday said it will invest Rs.2,000 crore to enhance manufacturing capacity in fast-growing premium categories across beauty & wellbeing and home care segments.

The board of the company on Wednesday approved the proposed investment, according to a regulatory filing from HUL.

"This investment will be done over a period of two years across multiple locations," said HUL, which owns popular brands such as Surf Excel, Rin, Wheel, Domex, Vim, Cif, and Comfort in the home care segment.

This proposed investment is in line with the company's strategy of focusing on fewer, larger bets and strengthening its presence in high-growth demand spaces, including premium skin care, hair ca...