ITC Ltd, a leading conglomerate, announced on Nov 21 that it will increase its Manufacturing assets in bengal. Puri stated at the seventh edition of the Bengal Global Business Summit (BGBS) here that the company will also establish its 18th manufacturing unit in the state in the near future.
"We have 17 manufacturing units in Bengal, and one more will be operational soon." We have five hospitality assets in the state, and ITC plans to increase this to nine over time," Puri said.
According to Puri, in the past few years, the major tobacco company has made investments in West Bengal, totaling nearly Rs 7,000 crore. Additionally, he said that the state had undergone a remarkable, multifaceted transformation thanks to Chief Minister Mamata Banerjee's leadership.
"Capital moves to areas where it can grow, prosper, and proliferate. The reason the journey has continued is because our investments in West Bengal were paying off," Puri continued.
ITC Limited is a multinational conglomerate based in Kolkata. ITC is widely used in many different industries, such as software, packaging, FMCG, paperboards, hotels, and agribusiness. The company operates 13 businesses across 5 segments. It ships products to ninety countries. Its products are available at six million retail locations.
