ITC announces Rs 20,000 crore investment across businesses
ITC Ltd is going to invest Rs 20,000 crore in the medium term across businesses, chairman and managing director Sanjiv Puri told shareholders on Friday.
#Budget 2024 with ET
Budget Highlights: Your 2-minute guide
What's cheaper and what's costlier? Here's the list
New slabs announced in new income tax regime
Addressing the company’s 113th annual general meeting, Puri said despite the headwinds the investments made across all our businesses to enhance structural competitiveness and build an enterprise of the future, position the company well to leverage emerging opportunities in the market.
Empower Your Corporate Journey with Strategic Skill Courses
Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowChief Operations Officer ProgrammeVisitIndian School of BusinessISB Leadership in AIVisit“Our confidence in the India story is unwavering and is reflected in your company’s investment outlay of about Rs 20,000 crore in the medium term,” he said. He did not elaborate further on the investment plans.
Puri said contributing to the ‘Make in India’ vision, ITC continues to invest in building world-class infrastructure and eco-systems linked to its products and services. He said in the last two years, the company has invested in 3-owned luxury hotels, 8 state-of-the-art manufacturing facilities, including for products covered under the production linked incentive scheme, and has grown distribution of FMCG products two times.
He said investments are currently underway in two
