Cigarettes-to-hotel-to-FMCG major, ITC Ltd will invest Rs 3,500 crore in West Bengal.
The investment comes across various projects - hotels, IT centre, and manufacturing facilities - that the company has already announced or proposed, ITC Chairman YC Deveshwar, said while responding to shareholders' queries during its 104th AGM here.
According to him, around Rs 1,000 crore will be spent in the second luxury hotel that is coming up here. Construction work for the hotel has already begun.
The other projects that the company has announced include the setting up of a IT facility - Infotech Centre, and two consumer goods manufacturing facilities - one each at Uluberia (Howrah) and Panchla (Howrah).
He, however, did not specify, by when these projects would be operational.