ITC gets 40 acres for consumer goods facility near Kolkata
ECONOMY & POLICY

ITC gets 40 acres for consumer goods facility near Kolkata

ITC company has been allotted nearly 40 acres at Panchla, 35 kilometres from Kolkata, for setting up an integrated consumer goods manufacturing and logistics hub. Possession letters in this regard have been issued by the State Government on January 16.

The company said that it will start with manufacturing packaged foods, to be followed by other consumer goods, from the Panchla facility. Although the company did not reveal the particular project details, the facility is a part of its proposed Rs 3,000 crore worth of investment plans in the State.

The development is considered as a major breakthrough for the Trinamul Congress-led West Bengal Government in attracting big ticket investments in the State.

According to sources, ITC is the first major firm investment commitment received by the State, ever since Mamata Banerjee Government came to power in May 2011.

ITC company has been allotted nearly 40 acres at Panchla, 35 kilometres from Kolkata, for setting up an integrated consumer goods manufacturing and logistics hub. Possession letters in this regard have been issued by the State Government on January 16. The company said that it will start with manufacturing packaged foods, to be followed by other consumer goods, from the Panchla facility. Although the company did not reveal the particular project details, the facility is a part of its proposed Rs 3,000 crore worth of investment plans in the State. The development is considered as a major breakthrough for the Trinamul Congress-led West Bengal Government in attracting big ticket investments in the State. According to sources, ITC is the first major firm investment commitment received by the State, ever since Mamata Banerjee Government came to power in May 2011.

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