In a bid to strengthen its business in the food processing sector, fast-moving consumer goods (FMCG) firm ITC is reportedly planning to invest around Rs 10,000 crore in the coming years. This is a part of the company’s Rs 25,000 crore investment package that it has planned to invest on 65 projects, including 20 integrated factories for consumer goods across the country.
By 2030, the company has targeted a top-line of Rs 1 lakh crore of which, FMCG is expected to be one of the biggest contributors.
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.
