Delhi: FMCG, hospitality and cigarettes company ITC
plans to invest about Rs15,000 crore in the next 5-7 years
in other areas such as hotels, agri-business and FMCG
as it seeks to transform its image to a diversified corporate
company is giving added impetus to its FMCG, agro business,
paper and packaging, hotels and the infotech business
and has has earmarked an investment of Rs15,000 crore
in the next five-seven years on these business segments.
part of ramping up non-tobacco divisions, ITC also plans
to rev up its social farm forestry projects in states
like Andhra Pradesh and Karnataka, which will involve
12 lakh farmers by 2012-14, up from current three lakh.
said ITC is focusing on taking modern retail to rural
India and plans to enhance its reach through e-choupals
(direct marketing channel for farmers) and Choupal Sagars
(rural retail stores). At present, ITC has about 6,500
e-choupals covering 40,000 villages and 40 Choupal Sagars.
has already announced Rs5,000 crore investments in its
hotels division in the next three-four years to add 3,000
rooms in addition to the current 5,500 rooms.