ITC is ramping up its sustainable products portfolio and stepping up investments in the fast-evolving space which holds immense growth potential, reports a Hindu BusinessLine article. The Business is focusing on end-use segments with potential for rapid adoption of sustainable packaging and plastic substitution solutions - food serving and delivery, pharmaceutical, beauty, and electronics - under the 'Filo' and 'Omega' brands.

Additionally, a new wholly-owned subsidiary, ITC Fibre Innovations Ltd, is foraying into the fast-growing premium Moulded Fibre Products (MFP) space, and will leverage ITC's expertise in fibre value chain, manufacturing excellence, and strong sustainability credentials to rapidly scale up.

The Paperboards & Specialty Papers Business, which has been ramping up its sustainable products portfolio, achieved approximately two-fold increase in revenue over the previous year.

For more details, read here :
https://www.thehindubusinessline.com/companies/itcs-paperboards-specialty-papers-business-ramping-up-sustainable-products-portfolio/article67086895.ece

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