ITC has decided to further increase its investment in the integrated food park at Kapurthala in Punjab to Rs 1,700 crore. The food park would generate around 5,000 jobs for the people of the state.
The food park, for which the MoU was originally signed in 2013 will mark further expansion in the investments of ITC, which is already running three hotels in the state. The initial investment planned in the project was Rs 680 crore, which was subsequently, in 2015, enhanced to Rs 1,400 crore, which the company now plans to increase further to Rs 1,700 crore.
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.
