ITC plans multiple projects with Rs 25,000 crore outlay – Feedback

ITC Ltd has planned multiple projects with an outlay of Rs 25,000 crore over the next five years, Chairman and Chief Executive Officer YC Deveshwar told shareholders on Friday.

Unfortunately the weak cold-chain infrastructure and the virtual absence of well-established end-to-end players impede the growth of processed food industry, more so in the case of perishables where it is most needed, Deveshwar said at the company’s 105th annual general meeting. “It is for this reason that your company is exploring the opportunity to invest in a state-of-the-art cold chain to cover farm produce, including fresh, frozen and dehydrated fruits and vegetables,” he said. He said he advocates for synergy of superior agri-sourcing and culinary expertise.

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