ITC unveils two projects worth Rs 800 crore in Odisha
NEW DELHI: ITC Limited on Thursday unveiled an integrated consumer goods facility and a five star hotel in Odisha. Chief Minister Naveen Patnaik and ITC Chief Operating Officer Sanjiv Puri, who attended the ceremony, said that the project will be set up at an investment of Rs 800 crore.
The integrated consumer goods manufacturing facility is being built on an area of 700,000 sq ft at Khordha district in Odisha, ITC said adding that the facility would be completed in 30 months. The facility will manufacture ITC’s food brands such as Aashirvaad, Bingo, Sunfeast, YiPPee! Besides, the group is also setting up a 110 room five star hotel in Bhubaneswar under its WelcomHotel brand, it said.
“ITC’s investment in the processed foods sector in Odisha will add significant value to the state’s agricultural potential,” it added.
Addressing the occassion, Puri said, “ITC is making fresh investments in Odisha in two landmark projects.”
ITC’s FMCG businesses support livelihoods for over 7 lakh people in the state and also has been engaged deeply with farmers in Odisha.
The company has been supporting local entrepreneurs and farmers to try new table potato varieties by providing agronomy support and supplying early generation seed potato and in Cuttack, Mayurbhanj, Bhadrak, Balasaur, Puri and Koraput districts.