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ITC willing to invest INR 500 cr in food products in Bihar

ITC has expressed willingness to invest INR 500 crore in food products business in Bihar and sought 60 acres of land to set up units. ITC CEO Sanjeev Puri called on Deputy Chief Minister Sushil Kumar Modi in Patna and gave him the proposal to invest INR 500 crore in setting up units of biscuits, noodles, cookies and other food products.

Puri asked Modi, who also holds finance portfolio, to provide 60 acres of land for the purpose, a statement issued by the deputy chief minister’s office said. During the meeting, Puri told Modi that the company has already invested INR 400 crore in dairy, food processing and other sectors in the past four years in the state.

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