In a recent conversation with Business Standard, Puri revealed that ITC is setting sights beyond India's borders. "We already export to 100-odd countries. We want to scale that up and take some strategic positions in markets close to us," he said.
When it comes to FMCG, this could mean acquiring assets or setting up a manufacturing base. "We might invest or acquire something in a proximal market where we feel there is an opportunity," Puri explained. He further said: "In a way, we have already started manufacturing some confectionery and biscuits in Nepal under our subsidiary." In the hospitality sector, ITC's first foreign venture in the hotel space, in the heart of Colombo, "should start next quarter", he informed.
The mixed-use development, which includes a luxury hotel and a super-premium residential apartment complex, is situated on 5.86 acres of prime sea-facing land. As of March 31, 2023, ITC's investment in WelcomHotels Lanka (Private) Limited, the company set up to develop the project, stood at 2,775 crore, according to the company's 2023 annual report.
Diese Geschichte stammt aus der February 13, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der February 13, 2024-Ausgabe von Business Standard.
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