ITC to soon foray into dairy business

Image
IANS Kolkata
Last Updated : Jul 31 2015 | 12:48 PM IST

Leading FMCG company ITC Ltd. will shortly be foraying into dairy products, its chairman Y.C. Deveshwar said here on Friday.

"Dairy products are on the anvil," he said, during the company's Annual General Meeting.

He said ITC Ltd. has emerged as one of the fastest growing consumer goods company over the last 10 years and its packaged food portfolio has expanded substantially.

"Today, the company has an impressive presence in all the three sectors of the economy," he said.

The major business segments for the company are consumer goods, agri-business and services, besides hotels.

Presently, two integrated consumer goods plants in Maharashtra and West Bengal, a food manufacturing and logistics facility in Punjab and a packaged food manufacturing unit in West Bengal are underway.

The company has 250 owned and outsourced manufacturing units.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 31 2015 | 12:40 PM IST

Next Story