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ITC opens INR 1,500 cr integrated food park in Kapurthala, Punjab

Friday, December 15, 2017, 17:00 Hrs  [IST]
HBI Staff | Mumbai

According to a Financial Chronicle report, ITC on Thursday, opened its largest integrated food manufacturing and logistics facility with the first-ever ‘wheat mandi’ unit to procure the grain from farmers, besides other FMCG units. The facility inaugurated by Punjab Chief Minister Amarinder Singh, spread across 8 lakh sq ft received an initial investment of INR 1,500 crore. 

Sanjiv Puri, CEO and executive director, ITC 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%,” said Puri. 

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 state’s crunched fertile land and water resources but also in boosting farm income. The plant will manufacture ITC’s popular food brands such as ‘Aashirvaad’, ‘Bingo!’, ‘Sunfeast’, ‘YiPPee!’ and ‘B Natural’, among others. The facility is part of the company’s plans to open 20 such food processing units pan-India with an investment of INR 10,000 crore.

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