date:May 17, 2012
The company has already initiated the process of setting up two units, which will be owned by ITC. The other three will be contract manufacturing facilities and the company is seeking partners to set them up. Most of the units will be within 50 to 60km, reported the Times of India.
ITC executive director Kurush Grant said West Bengal is the ideal place for investment in the foods business, as it has most of the raw materials as well as goods market, and is the entry point to the northeast.
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