ITC plans to enter dairy sector

Tobacco-to-hospitality conglomerate ITC Ltd has now firmed up its plans to enter the dairy sector. At the 100th annual general body meeting (AGM) of the company held at Kolkata recently, Y C Deveshwar, Chairman, ITC, said that plans were afoot to enter into the dairy business.

"With ITC Ltd in the umbrella of food business and with India as the largest milk producer in the world, there was every effort to capitalise on the opportunities generated from this sector. The company has set up the first project at Munger in Bihar where an animal husbandry programme has been launched” said Deveshwar. He informed that pasteurised milk, skimmed milk powder, cheese and chocolate were some of the items that were being explored for research and development. The company was also keen to consolidate its presence in the fast-moving consumer goods (FMCG) space.