Latest News | ITC to Invest Rs 20,000 Crore in New Manufacturing Units in Medium Term: Chairman Sanjiv Puri

Kolkata, Jul 25 (PTI) Diversified conglomerate ITC Ltd will invest Rs 20,000 crore in the medium term to expand its manufacturing footprint across sectors, Chairman Sanjiv Puri said on Friday.

Speaking at the AGM, he said the company has already set up eight new manufacturing facilities in recent years as part of its growth strategy.

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Puri said the company will prioritise its 'Bharat First' strategy—focusing on deepening its domestic presence—before making a significant overseas impact. He added that new brand launches are aimed at driving value accretion.

Sixty-five per cent of the company's revenue is from non-cigarette business, Puri said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)