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ITC invests Rs 1,500 crore to set up food manufacturing, packaging plants

Sep 4, 2023

By: BlinkX Research Team

ITC announced on Sunday that it will spend approximately Rs 1,500 crore to build a facility in Madhya Pradesh's Sehore that would merge food manufacturing and logistics with a facility for the production of sustainable packaging materials.

The two projects, which span about 57 acres, would help Madhya Pradesh's manufacturing and agricultural industries, according to a statement from ITC.

The two projects, when finished, will cost a total of Rs 1,500 crores in investment and support livelihoods throughout sustainable value chains, the statement read. While the food plant will manufacture ITC's products including atta brand Aashirvaad, Sunfeast biscuits, and 'YiPPee!' noodles, the moulded fibre products facility will be a pioneer in sustainable packaging, contributing to plastic substitution in areas such as packaging for electronic items, FMCG, and the food and beverage sector.

Source: Media Reports