In order to establish an integrated food manufacturing and logistics facility as well as a manufacturing facility for sustainable packaging products in Sehore, Madhya Pradesh, the diversified group ITC announced on Sunday that it will invest roughly Rs 1,500 crore.
The two projects, which span about 57 acres, would help Madhya Pradesh’s manufacturing and agricultural industries, according to a statement from ITC. The two projects, when finished, will cost a total of Rs 1,500 crores in investment and support livelihoods throughout sustainable value chains, the statement read.
While the food plant will produce ITC goods like ‘YiPPee!’ noodles, Sunfeast biscuits, and atta brand Aashirvaad, the facility for molded fiber products will be a leader in sustainable packaging, advancing the use of alternatives to plastic in industries like the packaging for electronics, FMCG, and food and beverage products.
“ITC is set to contribute value to the state’s manufacturing economy and assist inclusive agri-value chains with its investment in the food processing sector through the facility at Sehore.
“ITC believes that by enhancing the competitiveness of the food value chain, the food processing sector, being at the intersection of agriculture, industry, and services, can make a multidimensional contribution to the state’s economy,” it added.
Chairman Sanjiv Puri noted that ITC has over the years increased its footprint across all three sectors of Madhya Pradesh’s economy—agriculture, manufacturing, and services—in his remarks regarding new investment projects at Sehore.
We are currently investing in two top-notch facilities, the Integrated Food Manufacturing and Logistics Facility and the Sustainable Packaging Products Manufacturing Facility at Sehore, in keeping with our commitment to support the socioeconomic growth of the state.
