NATIONAL NEWS

ITC opens Rs 1,500-cr integrated food park at Kapurthala


ITC opens Rs 1,500-cr integrated food park at Kapurthala
By PTI  |   Published: 14th December 2017 07:49 PM  |  
Last Updated: 14th December 2017 07:45 PM  |   A+A A-   |  
Kapurthala, Dec 14 (PTI) Diversified firm ITC today rolled out its largest integrated food manufacturing and logistics facility here with the first-ever 'wheat mandi' unit to procure the grain from farmers, besides other FCMG units.
The facility spread across 8 lakh square feet and entailed an initial investment of Rs 1,500 crore was inaugurated by Punjab Chief Minister Amarinder Singh today.
ITC CEO and Executive Director Sanjiv Puri said the facility, when operational, will create direct employment of over 2,000 people, besides indirect employment throughout the value chain.
"The grains would be weighed electronically with payment on the spot without handling charges so farmers would also save about 2 per cent," Puri told PTI.
The facility would help the farming community's transition from traditional wheat-crop cycle to more lucrative crops, the chief minister said, adding such projects would be instrumental not only in saving the stateÂ’s crunched fertile land and water resources but also in boosting farm income.
The plant will manufacture ITC's popular food brands such as ‘AashirvaadÂ’, ‘Bingo!Â’, ‘SunfeastÂ’, ‘YiPPee!Â’ and ‘B NaturalÂ’, among others.  Referring to the plight of potato farmers, who were forced to dump their produce on the roads because of their inability to sell it at a good price, the chief minister stressed the need to end the crisis with projects like this.
The facility is part of the company's plans to open 20 such food processing units pan-India with an investment of Rs 10,000 crore.
Puri said more such wheat mandis will be built at its upcoming facilities.
The company also plans to enter into milk-based beverages such as milkshakes and allied products by the middle of next fiscal year, Puri said.
The dairy plant for the same which is part of the integrated plant will be operational soon.
ITC is investing heavily in both agriculture and food segments considering huge potential in these two sectors.


The company had earlier announced investment of Rs 25,000 crore to enhance physical infrastructure and manufacturing capabilities.
Besides, Kapurthala, ITC has food processing facilities in West Bengal, Assam, Pune, Mysore and Bengaluru.
The tobacco-to-hotels firm, which is focusing more on its non-tobacco businesses, aims to be an Rs 1 lakh crore company in the FMCG space by 2030, with the packaged foods contributing Rs 65,000 crore. PTI PRJ VSD ANU MR

QUICK CONTACT

COURSES OFFERED BY BAKERY UPDATE

TESTIMONIALS

OUR LOCATION

  • Plot No. 30/25, Knowledge Park - III,
    Greater Noida - 201306, Uttar Pradesh
    (NCR Delhi)-India
  • email@bakeryupdate.com
  • +91-120-2428800
Designed by Media Solutions