ITC is planning to spend Rs.10,000 crore for setting up food processing units across the country.

Sanjiv Puri, ITC CEO stated, “I am happy to say we are going to invest over Rs 10,000 crore in setting up food processing facilities on a pan India basis.”

ITC is planning to have approx 20 food processing units in pan India. It is also planning to invest in agriculture sector, for empowering approx 4 million farmers.

Read EquityPandit’s Technical Analysis on ITC