ITC to Invest ₹20,000 Crore in FMCG and Paperboard Expansion Over Five Years

by | Jul 26, 2024 | Business

ITC Ltd. plans to invest ₹20,000 crore over the next five years to expand its FMCG and paperboard capacities. Chairman and Managing Director Sanjiv Puri announced that 35-40% of this investment will focus on FMCG, building Integrated Consumer Goods Manufacturing and Logistics facilities. About ₹7,000 crore will go into the paperboard and packaging business, including a new Greenfield plant. This strategic investment aims to enhance ITC’s production capabilities and market reach amid a challenging inflation and rural demand scenario.

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