Diversified conglomerate ITC Ltd will invest ₹20,000 crore in the medium term to expand its manufacturing capacity across various sectors, Chairman, Mr. Sanjiv Puri announced at the company’s Annual General Meeting.
Highlighting ITC’s growth roadmap, Puri revealed that the company has already established eight new manufacturing units as part of its ongoing expansion strategy. The move aligns with ITC’s ‘Bharat First’ philosophy, which prioritizes deepening its domestic footprint before pursuing major overseas ventures.
Our investment plan underscores our commitment to India’s growth story. We are focused on enhancing scale, agility, and innovation across our manufacturing ecosystem, Puri said.
He emphasized that new brand launches will play a key role in driving value and strengthening the company’s market presence. Notably, 65% of ITC’s current revenue is generated from its non-cigarette businesses, indicating the company’s strategic shift toward a more diversified portfolio.
The investment will support capacity building in FMCG, agri-business, and other verticals, reinforcing ITC’s position as a major player in India’s manufacturing and consumer goods sectors.