ITC to invest Rs 500 cr. in FMCG in Assam
Good news. ITC Ltd. Promised to invest a huge Rs 500 crore into the fast moving consumer goods sector, especially in the food processing industry in the state.
ITC Chairman Y.C. Deveshwar assured this in course of a meeting with Chief Minister Tarun Gogoi at his official residence recently.
Deveshwar said his company’s goal is to become the largest consumer goods conglomerate in the country. Founded in 1910, ITC is one of the largest multi-business corporate enterprises in India with a turnover of around US$6 billion. The company's non-tobacco businesses, including foods, personal care, hotels, paper, agriculture, information technology and others, currently account for around 40% of its revenues. ITC will set up industrial units at Chaygaon and Dhubri.
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