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ITC proposes to invest Rs 1,700 crore in West Bengal

IANS  |  Kolkata 

FMCG is proposing to make new investments of Rs 1,700 crore in in its various businesses, an said on Thursday.

The company's committed investments in the state, with an outlay of Rs 4,000 crore across agriculture, and services, are "reality and on the ground", said its while addressing the fifth edition of the Bengal Global Business Summit.

This includes two new state-of-the-art at Uluberia and Panchla in district, which are fully operational and running at high capacity within a short span of time, Puri said.

The company's ITC Royal Bengal is "nearing completion" and will be inaugurated in the next few months.

"In addition, we propose to make new investments of Rs 1,700 crore in the near future, taking our recent total investments to Rs 5,700 crore (in the state). It includes a state-of-the-art FMCG facility, investments in the capacity in Tribeni to substitute imports, expansion of the and others as well as the milk productivity improvement and procurement programme across 300 villages in the state," he said.

The and Infotech Park is also in advanced stage of construction, he added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 07 2019. 17:58 IST