KOLKATA: Diversified conglomerate ITC Limited has announced its plans to invest nearly Rs 25,000 crore in the next 5-7 years in various projects.
The company is considering to infuse proposed capital to over 40 projects across the country in the next 5-7 years. The company is also working towards entering the nutrition, health and well-being segment.
Chairman Y C Deveshwar said, “ITC's growing presence in agriculture, food and personal care products is enabling a synergy of R&D capabilities to deliver future products aimed at nutrition, health and well-being.”
In attempts to tackle common health disorders in the country, several long term research platforms had been designed to create unique interventions.
The company had built a state-of-the art R&D centre at Bangalore which would provide the required platform to deliver such future products.
With its aims to become India's number one FMCG player (barring cigarettes), the company is eyeing a topline of close to Rs 15,000 crore over the next five to seven years from this new line of business.