Diversified group, ITC is mulling setting up a paper manufacturing unit in Telangana with an investment of Rs 3,500 crore. The company conveyed its intent to Telangana Chief Minister K Chandrasekhar Rao during a meeting, in which the latter assured of providing land for establishing the plant.
ITC, a diversified conglomerate has business 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.