ITC Ltd.

ITC has likely to get approval from Andhra Pradesh Board for Wildlife for setting up of paper and pulp unit in Andhra Pradesh (AP). The State Board for Wildlife has decided to recommend the setting up of the pulp and paper unit at Palvancha division in Khammam district of Andhra Pradesh.

The company is expected to invest around Rs 3000 crore on the new plant close to its existing plant. Working with local farmers, it has created a large base of plantation for its raw material requirement. Further, the ITC unit, apart from creating job opportunity for local people, is expected to create a market for pulp wood for the local farmers with land holding of nearly 6000 acres.