ITC to invest Rs 1,500 crore to set up two factories in MP

Madhya Pradesh is poised for a significant economic boost as ITC unveils plans for a major investment of Rs. 1,500 crore in a manufacturing and packaging facility at Sehore. ITC plans to invest in an integrated food manufacturing and logistics facility; and a sustainable packaging plant. The company will expand its presence, support agri-value chains and leverage sustainable goals.

04 Sep 2023 | By Aditya Ghosalkar

The moulded fibre products facility will be a pioneer in sustainable packaging, contributing to plastic substitution in areas such as packaging for electronic items, FMCG, and the F&B sector

During the company’s 112th AGM address, Sanjiv Puri, chairman and managing director, ITC, said that the company will invest in a manufacturing facility in Sehore, Madhya Pradesh, to manufacture advanced products for pharmaceutical, cosmetics, electronics and other sectors.

In a press note shared with Team WhatPackaging?, ITC confirmed two projects which will entail a total investment of Rs 1,500 crores. Spread over an area of 57 acres, the two projects - the integrated food manufacturing and logistics facility, and the sustainable packaging products manufacturing facility, to leverage sustainable value chains for the group, domestic and international markets.

The foods plant will manufacture ITC’s world-class Indian brands such as the atta brand Aashirvaad, Sunfeast biscuits, and ‘YiPPee!’ noodles. And, the moulded fibre products facility will contribute to sustainable packaging, contributing to plastic substitution in areas such as packaging for electronic items, FMCG, and the food and beverage sector.

ITC’s investment in the food processing sector through the facility at Sehore is poised to add
value to the state’s manufacturing sector and support inclusive agri-value chains. And, the sustainable packaging products manufacturing facility will leverage technologies to convert renewable fibre into different shapes. 

Every one-kg moulded fibre product can replace 0.8-kg of equivalent plastic, helping the cause of plastic substitution. The technology will offer precision, shape versatility, and surface finish, while producing products that are recyclable, compostable, biodegradable and food safe.

Commenting on the projects, Sanjiv Puri, chairman, ITC said, “ITC has expanded its footprint across all the three sectors of Madhya Pradesh’s economy – agriculture, manufacturing and services. We are privileged that ITC’s engagement with the state’s agriculture sector empowers over 1 million farmers.”

“We are investing in two facilities including the Integrated Food Manufacturing and Logistics Facility and the Sustainable Packaging Products Manufacturing Facility at Sehore. This facility will also be a landmark in sustainability with the unit being designed to IGBC green building Platinum standards,” added Puri.

ITC has a significant presence in Madhya Pradesh which has been strengthened over the years through multi-dimensional interventions. Apart from the upcoming projects, the company has seven co-manufacturing units for foods and agarbatti that support local
entrepreneurship. ITC’s FMCG products reach nearly three lakh retail outlets supporting significant livelihoods.
 

Tags : ITC Limited
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