ITC to invest in food and consumer goods sector in coming 2-3 years
Date: 22-01-2013Diversified business conglomerate, ITC is planning to spend Rs 1,000 crore in food and consumer goods sector in coming 2-3 years. In this regard, the company has received possession of 39 acres of land at Panchla in Howrah district where it would build an integrated food and consumer goods facility. The land was given by the West Bengal Industrial Infrastructure Development Corporation.
The company has already got a parcel of 18 acres at Uluberia in Howrah district where a similar integrated facility would commence.
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.