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December 12, 2012

ITC re-affirms investment of Rs 3K cr in West Bengal

ITC re-affirms investment of Rs 3K cr in West Bengal

ITC Ltd Chairman on Tuesday met West Bengal Chief Minister Ms. Mamata Banerjee to re-affirm the city-based consumer goods-hospitality major's Rs 3,000 crore investment plans in the state.

A senior ITC official described the 30-minutes meeting as a courtesy call since Mr. Deveshwar will not be able to attend the proposed closed door meeting with leading industrialists called by the chief minister in New Delhi on December 17.
Talking to reporters after the meeting in the state secretariat Writers Building, Mr. Deveshwar said ITC is fully committed with its Rs 3,000 crore investment plan in West Bengal and the Chief Minister has assured all her support.

ITC's proposed projects in the state includes a greendfield integrated consumer goods plant at Howrah where it already has 18 acres and getting another 39 acres which was stuck in litigation and now resolved.

The plant was to earlier manufacture packaged food, but now it has been decided that it will also take up production of personal care products. The company, which is the second largest hotel chain in India, is also setting up a new hotel in Kolkata, and plans to expand its existing factories in the state which are engaged in manufacturing of paper and cigarettes.

ITC also had plans to set-up a software development centre in the city for which it wanted 30 acres more than eight years back. However, it is yet to get any land allotted for the project.

“The Chief Minister has assured that all issues with the software project will be resolved at the earliest,” the senior company official said.