KOLKATA: Sanjiv Puri-led diversified conglomerate ITC plans to make investments Rs 20,000 crore in varied sectors within the subsequent 5 years. The utmost funding might be within the FMCG enterprise, adopted by paper board and packaging and different sectors.
ITC can also be introducing a brand new model for well being and wellness sector referred to as Proper Shift. After the corporate’s AGM, Puri mentioned in FMCG it might make investments round 35-40% (Rs 7,000-8,000 crore) of the projected quantity.Paper board and packaging would account for 30-35% whereas the remainder of the funding can be in different companies, together with agriculture.
The investments might be made for capability augmentation, innovation and upgradation. Puri mentioned the FMCG investments might be made in three-four areas. It will be in Built-in Client Items Manufacturing and Logistics amenities (ICML) to scale back the price of supply, aside from new websites and new merchandise.
Puri made it clear that the investments might be extra of natural nature although there might be some inorganic part additionally. Elaborating on plans for paperboard, he mentioned ITC was on the lookout for a brand new location for the enterprise. “Our website in Bhadrachalam is saturated. We now have to search for different websites and work is on for this,” he added.
ITC can also be introducing a brand new model for well being and wellness sector referred to as Proper Shift. After the corporate’s AGM, Puri mentioned in FMCG it might make investments round 35-40% (Rs 7,000-8,000 crore) of the projected quantity.Paper board and packaging would account for 30-35% whereas the remainder of the funding can be in different companies, together with agriculture.
The investments might be made for capability augmentation, innovation and upgradation. Puri mentioned the FMCG investments might be made in three-four areas. It will be in Built-in Client Items Manufacturing and Logistics amenities (ICML) to scale back the price of supply, aside from new websites and new merchandise.
Puri made it clear that the investments might be extra of natural nature although there might be some inorganic part additionally. Elaborating on plans for paperboard, he mentioned ITC was on the lookout for a brand new location for the enterprise. “Our website in Bhadrachalam is saturated. We now have to search for different websites and work is on for this,” he added.
