ITC to invest Rs 4,000 crore to set up to 9 plants - Dollar Advisory & Financial Services

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Tuesday 28 June 2016

ITC to invest Rs 4,000 crore to set up to 9 plants

FMCG major ITC will contribute Rs 4,000 crore throughout the following 2-3 years to set up 8-9 industrial facilities the nation over for assembling of nourishment items.

"We plan to put 8-9 enormous industrial facilities throughout the following 2-3 years and we will contribute about Rs 4,000 crore to fabricate items crosswise over various classes we work in," ITC Foods CEO V L Rajesh told PTI today.

ITC's marked bundled sustenances division developed by around 11 for every penny to clock a turnover of Rs 7,097.49 crore in 2015-16. Sustenance is the second biggest business for ITC after cigarettes.

The organization, which as of late extended its new Sunfeast Farmlite rolls portfolio taking into account wellbeing cognizant purchasers, is taking a gander at tapping this quickly developing buyer fragment.

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