Saturday, December 3, 2022

HomeITC to double investment to Rs 1400 crore in Punjab food park

ITC to double investment to Rs 1400 crore in Punjab food park

NEW DELHI: FMCG giant ITC NSE -0.44 % Ltd today announced doubling its investment in Punjab from Rs 700 crore to Rs 1,400 crore.

The company is increasing its investment in the Food Park at Kapurthala, ITC FMCG Businesses President Sanjiv Puri informed Punjab Deputy Chief Minister Sukhbir Singh Badal during an interaction here today.

Badal today met top corporate honchos here to hard-sell the state as a favoured destination for investment, an official release said.

Puri said that ITC had succeeded in making Kinnow juice and the product was under consumer testing and would be in the market within the current financial year.

Godrej Agrovet Managing Director Balram Yadav said that his company would evaluate setting up a green house and food park over 100 acres.

Badal said the government was ready to create the entire infrastructure for the green house at Ladhowal. “Companies and farmers taking up area in the green house would have to pay.



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