ITC to continue Nepal investment plans in FMCG and hotels: Sanjiv Puri

ITC Chairman Sanjiv Puri said recent turmoil in Nepal will not affect the company's plans in FMCG and hospitality, with Surya Nepal and new hotels continuing expansion

The recent turmoil in Nepal will not impact ITC’s investment plans in the Himalayan nation, chairman and managing director Sanjiv Puri, said.

 

Surya Nepal, ITC’s subsidiary, has been in the cigarettes business since 1986 and is a market leader. In recent years, it has also forayed into confectionery and biscuits in line with ITC’s strategy of expanding in proximal markets.

 

ITC’s annual report for 2024-25 mentioned that it continues to rapidly scale-up the newer FMCG businesses and evaluate emerging opportunities in this space.

 

Puri said that plans for Nepal, whether in FMCG or hotels, will continue. “Things are evolving all