ITC forays into food processing business

18 Dec 2012 Evaluate

Diversified business conglomerate, ITC has marked its foray into food processing business with commencing the construction of a milk processing plant at Munger district in Bihar. The plant would entail an investment of Rs 150 crore and the work will be completed in a period of one year.

Upon completion, the plant will have milk processing capacity of two lakh litres per day and would produce 10 tonne of ghee, 20 tonne milk powder and 20 tonne milk in pouches for domestic consumption per day.

Due to the abundant resources like milching cattle and fodder the state of Bihar has huge potential for development in milk and food processing sector. Besides, the state government has decided to set up milk processing units with capacity of 32 lakh litre milk production per day in Khagaria, Bhojpur and Munger districts. Taking these things into consideration the company will also be setting up two food processing units in the state soon.

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