ITC to invest Rs 4,000 cr in Bengal

Tags: News
ITC is likely to invest Rs 3,000-4,000 crore in West Bengal over the next three to four years. ITC chairman YC Deveshwar who met West Bengal, chief minister, Mamata Banerjee at Witers’ Buildings on Tuesday indicated that the company is likely to make fresh capital inflows into the state in different areas.

Soon after his meeting with the chief minister, Deveshwar said, “You will see Rs 3,000-Rs 4,000 crore investments over the next three-four years.” Although he did not specify the areas where the company would make fresh investments, company officials said that the investments would be made in foods, hotels and Triveni Tissues.

ITC Hotels has already taken up a siginificant expansion programme adjacent to its existing star property- ITC The Sonar.

Significantly, ITC chairman is learnt to have discussed the vexed land issue, which is standing in the way of ITC Infotech’s expansion in the city and there are indications that the issue has been sorted out as well.

Responding to specific queries on the availability of land for ITC-Infotech, the IT arm of the group, Deveshwar only said that the state government was looking into the matter.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Redefining the age of minors from 18 to 16 makes sense

    An issue that’s been simmering since the horrific gangrape of December 2013 is finally being laid to rest.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The difficulties with war history

There have been a series of commemorative events lately. Last ...

Anish Chakraborty

Betting big on Pascal’s wager

Blaise Pascal was a 17th century French philosopher mathematician and ...

Bubbles Sabharwal

The five cardinal rules of urban snobs

Believe it or not there is the unspoken-of society of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture