ITC to invest Rs 800 crore on food processing, hotel in Odisha – Feedback

Diversified group ITC will set up an integrated consumer goods facility and a five star hotel in Odisha 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. The firm will roll out ITC’s food brands like Aashirvaad, Bingo, Sunfeast, YiPPee! from the unit, a company statement said. Besides, the group is also setting up a 110 room five star hotel in Bhubaneswar under its WelcomHotel brand, it said. “These investments including a state of the art integrated consumer goods facility and a five star hotel property entail an investment of nearly Rs 800 crore,” ITC said, adding that the facility would be completed in 30 months.

http://economictimes.indiatimes.com/industry/cons-products/fmcg/itc-to-invest-rs-800-crore-on-food-processing-hotel-in-odisha/articleshow/55724737.cms

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