FMCG major, ITC will invest Rs.4,000 crore over the next 2-3 years to set up 8-9 factories across the country for manufacturing of food products. ITC’s branded packaged foods division grew by around 11% to clock a turnover of Rs.7,097.49 crore in 2015-16. Food is the second largest business for ITC after cigarettes. The company is planning to manufacture products across different categories to have a full portfolio across fast growing consumer segment. The company entered into the dairy segment with Ghee in October last year.
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