ITC to set up 20 new factories for FMCG

16 March ,New Delhi

Diversified conglomerate ITC Ltd. Is in the process of setting up 20 factories for its FMCG Products .

It aims to garner around one lakh crore revenue from FMCG business alone by 2030.

.”We are in the process of building 20 factories. We are one company that is not looking for interest rate to dip before we think of our investment. We are not borrowing money, we want to
invest. It’s for FMCG.” ITC chairman Y.C Deveshwar said.

In the previous fiscal, ITC’s revenue from FMCG Stood at Rs. 23,555 crore.