<p>Diversified group ITC on Sunday said it will invest around Rs 1,500 crore to set up an integrated food manufacturing and logistics facility and a sustainable packaging products manufacturing facility at Sehore in Madhya Pradesh.</p>.<p>The two projects spread over an area of nearly 57 acres will give a boost to agricultural and manufacturing sectors in Madhya Pradesh, ITC said in a statement.</p>.<p>"The two projects, when complete, would entail a total investment outlay of Rs 1,500 crores which will support livelihoods across sustainable value chains," it said.</p>.<p>While the food plant will manufacture ITC's products including atta brand Aashirvaad, Sunfeast biscuits, and 'YiPPee!' noodles, the moulded fibre products facility will be a pioneer in sustainable packaging, contributing to plastic substitution in areas such as packaging for electronic items, FMCG, and the food and beverage sector.</p>.<p>"ITC's investment in the food processing sector through the facility at Sehore is poised to add value to the state's manufacturing sector and support inclusive agri-value chains."</p>.<p>"ITC believes that the food processing sector, being at the intersection of agriculture, industry and services, can make a multi-dimensional contribution to the state's economy by enhancing the competitiveness of the food value chain," it said.</p>.<p>Commenting on new investment projects at Sehore, Chairman Sanjiv Puri said ITC has, over the years, expanded its footprint across all three sectors of Madhya Pradesh's economy – agriculture, manufacturing and services.</p>.<p>"In line with our commitment to contribute to the socio-economic development of the state, we are now investing in two world-class facilities including the Integrated Food Manufacturing and Logistics Facility and the Sustainable Packaging Products Manufacturing Facility at Sehore."</p>.<p>"This state-of-art facility will also be a landmark in sustainability with the unit being designed to IGBC green building Platinum standards," he said.</p>.<p>A foundation laying ceremony was held on Sunday, in which Chief Minister Shivraj Singh Chouhan was present.</p>.<p>ITC has a significant presence in the state. Besides the upcoming projects, the company has 7 co-manufacturing units for Foods and Agarbatti that support local entrepreneurship.</p>
<p>Diversified group ITC on Sunday said it will invest around Rs 1,500 crore to set up an integrated food manufacturing and logistics facility and a sustainable packaging products manufacturing facility at Sehore in Madhya Pradesh.</p>.<p>The two projects spread over an area of nearly 57 acres will give a boost to agricultural and manufacturing sectors in Madhya Pradesh, ITC said in a statement.</p>.<p>"The two projects, when complete, would entail a total investment outlay of Rs 1,500 crores which will support livelihoods across sustainable value chains," it said.</p>.<p>While the food plant will manufacture ITC's products including atta brand Aashirvaad, Sunfeast biscuits, and 'YiPPee!' noodles, the moulded fibre products facility will be a pioneer in sustainable packaging, contributing to plastic substitution in areas such as packaging for electronic items, FMCG, and the food and beverage sector.</p>.<p>"ITC's investment in the food processing sector through the facility at Sehore is poised to add value to the state's manufacturing sector and support inclusive agri-value chains."</p>.<p>"ITC believes that the food processing sector, being at the intersection of agriculture, industry and services, can make a multi-dimensional contribution to the state's economy by enhancing the competitiveness of the food value chain," it said.</p>.<p>Commenting on new investment projects at Sehore, Chairman Sanjiv Puri said ITC has, over the years, expanded its footprint across all three sectors of Madhya Pradesh's economy – agriculture, manufacturing and services.</p>.<p>"In line with our commitment to contribute to the socio-economic development of the state, we are now investing in two world-class facilities including the Integrated Food Manufacturing and Logistics Facility and the Sustainable Packaging Products Manufacturing Facility at Sehore."</p>.<p>"This state-of-art facility will also be a landmark in sustainability with the unit being designed to IGBC green building Platinum standards," he said.</p>.<p>A foundation laying ceremony was held on Sunday, in which Chief Minister Shivraj Singh Chouhan was present.</p>.<p>ITC has a significant presence in the state. Besides the upcoming projects, the company has 7 co-manufacturing units for Foods and Agarbatti that support local entrepreneurship.</p>