ITC wins '2012 World Business and Development Award'

RIO DE JANEIRO: Diversified business conglomerate ITC Ltd has bagged the at the ongoing Rio+20 United Nations Summit in Brazil.
The award has been given for the noteworthy rural initiatives in social and farm forestry programmes in India.

Many global agencies, consisting the United Nations Development Programme, the International Chamber of Commerce and the International Business Leaders’ Forum (IBLF) have instituted the award.

ITC Chairman YC Deveshwar stated that the company's social and farm forestry initiative has been able to change the lives of thousands of tribals and poor farmers.

ITC’s social and farm forestry programmes offer sustainable livelihoods to the rural wasteland owners with the conversion into pulpwood plantations.