ITC Limited, a multi-business group, has made investments in eight cutting-edge manufacturing facilities nationwide as part of its Next plan to develop assets that are Made in India.
ITC claims that these newly established units are in a variety of industries, including value-added agriculture, sustainable packaging, and fast-moving consumer goods.
ITC Next Strategy
According to the Next strategy, which aims to mold the organization’s future growth and profitability trajectory, the corporation intends to invest Rs. 20,000 crore in a variety of sectors over the medium term.
They has made large investments across all of its industries, driven by the government’s progressive legislative measures, such as PLI, and its emphasis on strengthening the nation’s digital and physical infrastructure.
“Our confidence in the India growth story is unwavering and is reflected in ITC’s investment outlay of about Rs. 20,000 crore in the medium term. Investments are being scaled up across FMCG, Paperboards and other businesses, as well as in accelerating digital transformation and strengthening the agri back end,” said Sanjiv Puri, Chairman.
Investment Domain
A food facility, a moldable fiber factory for sustainable plant-based packaging, and a personal care product unit are among the newly opened facilities.
Investments in integrated food and paperboard operations in several states are also being considered, according to ITC.
To get regular Food Industry updates, feel free to join our WhatsApp group: Joining link