ITC Ltd. has unveiled plans to invest Rs 20,000 crore in the medium term as part of its “ITC Next” strategy, aimed at driving the company’s growth and profitability. This decision is fueled by the government’s supportive policies, including the Production-Linked Incentive (PLI) scheme, and its focus on enhancing both physical and digital infrastructure. The company is ramping up investments across several sectors, including FMCG, Paperboards, and agriculture, as well as accelerating its digital transformation.
Sanjiv Puri, Chairman of ITC Ltd., emphasized the company’s strong belief in India’s growth, stating, “Our commitment to India’s future is reflected in our Rs. 20,000 crore investment plan for the medium term. We are increasing investments in sectors such as FMCG, Paperboards, and agriculture, while also accelerating digital transformation.”
Recently, ITC has launched eight cutting-edge facilities, including a Foods plant, a Moulded Fibre factory for sustainable packaging, and a personal care products unit. Other significant investments include a global spices processing plant, a state-of-the-art packaging facility, an export-oriented plant, and two integrated consumer goods facilities.
ITC Ltd. is one of India’s foremost diversified conglomerates, with a presence spanning across industries such as Fast-Moving Consumer Goods (FMCG), paperboards and packaging, hotels, agri-business, and information technology.
Established in 1910, the company has grown to become a leader in the Indian market, with a portfolio that includes well-known brands in categories like food, personal care, and cigarettes. The company’s commitment to sustainability is evident in its efforts to reduce its environmental impact and enhance the livelihoods of local communities.
ITC also stands out for its significant investments in innovation, including a strong push towards digital transformation and strengthening its agri-business backend. With a focus on growth, ITC plans to continue driving profitability and expanding its footprint both domestically and internationally
