Hotels, hospitality, FMCG may be focus areas

ITC is willing to invest nearly Rs 3,000 crore in Bengal over the next four years, the company’s Chairman Y. C. Deveshwar said here on Tuesday. He, however, did not specify the areas in which his company was willing to invest.

The ITC chairman had earlier in the day met West Bengal Chief Minister Mamata Banerjee.

Speaking to reporters at Writers’ Buildings, Deveshwar said: “In the next four years we will invest Rs 3,000 crore in the State.”

According to company officials, ITC’s investments would be in sectors such as hotels and hospitality, consumer goods (including food), IT as well as expansion of its existing businesses in the State.

ITC-Infotech

To a specific question regarding the availability of land for ITC-Infotech, the fully-owned IT subsidiary of the group, Deveshwar said the matter was being looked into by the State Government.

Bangalore-based ITC Infotech has fully-owned subsidiaries in the UK and the US and an office in Kolkata. The company offers IT services and solutions across industry verticals such as banking, financial services and insurance (BFSI), consumer packaged goods (CPG), retail, manufacturing, travel, hospitality, transportation and logistics, and media and entertainment.

ITC had earlier applied to the West Bengal Government for land so that they could set up shop here. At a meeting with State Commerce, Industries and IT minister Partha Chatterjee in August last year , ITC Infotech had expressed willingness to shift its engineering design and technical divisions here subject to availability of land.

The State Government is said to have identified 15 acres in the satellite township of Rajarhat, on the eastern fringes of the city. “We are awaiting directions from the State Government in this regard,” an ITC official said.

abhishek.l@thehindu.co.in

(This article was published on December 11, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.