ITC to invest Rs 1000-cr in food & consumer goods sector

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ITC to invest Rs 1000-cr in food & consumer goods sector
ITC has announced plans to invest Rs 1000 crore in food and consumer goods sector in coming two to three years.

According to a ITC spokesperson, the company got the possession of 39 acres last week at Panchla in Howrah district where it would build an integrated food and consumer goods facility.

The land has been given by the West Bengal Industrial Infrastructure Development Corporation.

ITC had already got a parcel of 18 acres at Uluberia in Howrah district where a similar integrated facility would commence, the spokesperson said, adding that both the facilities would be carried out simultaneously and were likely to be operational in the next two years.

Read more about: itc
Story first published: Tuesday, January 22, 2013, 11:30 [IST]
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