ITC to invest Rs 10,000 crore to set up food processing facilities on pan India basis
Date: 06-11-2017ITC is planning to invest Rs 10,000 crore to set up food processing facilities on a pan India basis. The Kolkata-based company is looking to have around 20 such units pan India. Besides, the company would invest in agriculture sector to empower around four million farmers.
Earlier, the company had announced investment of Rs 25,000 crore to enhance physical infrastructure and manufacturing capabilities.
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.