ITC Ltd, a prominent conglomerate, announced plans to increase its hospitality presence in West Bengal from five to nine hotels, according to Chairman and MD Sanjiv Puri on Tuesday. Additionally, Puri revealed that the company intends to establish its 18th manufacturing unit in the state soon, sharing this information during the seventh edition of the Bengal Global Business Summit (BGBS).
He refrained from providing details on the plans announced by ITC on Tuesday.
“We have 17 manufacturing units (in Bengal)… one more will be commissioned in the near future. We have five hospitality assets in the state, and over time, ITC is going to take this to nine,” Puri said.
The cigarettes-to-soap major has invested around INR 7,000 crore in West Bengal in the last few years, Puri said.
He also noted a remarkable and multi-faceted transformation in the state under the guidance of Chief Minister Mamata Banerjee.
“Capital goes to places where it can flourish, thrive and multiply… Because our investments were bearing fruit in West Bengal, that is why the journey has continued,” Puri added.