ITC to invest $2 billion across segments in medium-term, says MD

Super app 'ITC-MAARS' among new growth areas; investment figure does not take into account inorganic opportunities

Diversified conglomerate, ITC, will be investing $2 billion in the medium term in beefing up capacity across business segments and new vectors of growth.

“We are looking at about $2 billion of investment in the medium-term horizon,” ITC chairman and managing director, Sanjiv Puri, said at a media interaction.

“The investment would be made for building capacity to meet market demands in existing segments, inducting state-of-the-art technology, investments in digital in some the newer areas that we have identified,” Puri explained.

The investment figure, however, does not take into account inorganic opportunities.

Among the newer growth areas for investment is