In an interaction with the Economic Times, ITC Chairman Sanjiv Puri said, "Investments will continue in expanding our manufacturing footprint for FMCG, paper and paperboards businesses, especially for expansion of sustainable packaging solutions, renovation, upgrade of technology and assets for businesses."

Puri said that the company will accelerate investments, with a corpus of INR 3,000 crores, primarily for building manufacturing facilities and accelerating growth.

He expects the FMCG segment to bounce back, with early signs of recovery already visible, and said the revival would be accelerating, with inflation cooling down and prices correcting. Puri also talked about ITC's plans to create an "alternate structure".

 

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https://economictimes.indiatimes.com/industry/cons-products/fmcg/itc-plans-rs-3000-crore-yearly-growth-push-says-chairman-and-md-sanjiv-puri/articleshow/99074482.cms