ITC is aiming to garner revenue of Rs 18,000 crore from its agri division in the next five years, driven mainly by procurement and retail initiatives in rural markets.
The company expects the agri business division to have a turnover of Rs 6,500 crore in the ongoing fiscal, up from Rs 5,672.07 crore in the last fiscal. A majority of the business is generated from its ‘e-Choupals’, a web-enabled supply chain network in villages and rural hypermarts ‘Chaupal Sagars’.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
