IT has announced a substantial investment of approximately Rs 1,500 crore in the establishment of two key facilities in Madhya Pradesh, which is set to bolster the agricultural and manufacturing sectors in the region. The projects will span an expansive 57-acre area and encompass an integrated food manufacturing and logistics facility, along with a sustainable packaging products manufacturing plant in Sehore.
According to ITC, these initiatives hold the potential to provide a significant boost to the state’s economy by creating jobs and supporting various sustainable value chains. The total investment commitment of Rs 1,500 crores reflects the company’s dedication to enhancing the overall competitiveness of the food value chain.
The food manufacturing facility is expected to produce a range of ITC products, including Aashirvaad atta, Sunfeast biscuits, and ‘YiPPee!’ noodles, contributing to the state’s agri-value chains. Meanwhile, the sustainable packaging products facility will play a pioneering role in reducing plastic usage across various sectors, including electronics, FMCG, and the food and beverage industry.
Sanjiv Puri, the Chairman of ITC, expressed the company’s commitment to contributing to Madhya Pradesh’s socio-economic development. He highlighted that the new facilities would adhere to IGBC green building Platinum standards, emphasizing ITC’s focus on sustainability.
The foundation laying ceremony for these projects was attended by Chief Minister Shivraj Singh Chouhan, underscoring the state’s support for these investments. ITC already has a significant presence in Madhya Pradesh, with seven co-manufacturing units for foods and agarbatti that bolster local entrepreneurship.
In conclusion, ITC’s substantial investment in food manufacturing and sustainable packaging in Madhya Pradesh is poised to make a significant impact on the state’s economy, job market, and environmental sustainability efforts. The projects align with ITC’s commitment to contributing to the holistic development of the region’s agriculture, manufacturing, and services sectors.
Discover more from industrialfront
Subscribe to get the latest posts sent to your email.