ITC Plan To Increase Packaged Food

ITC Plan To Increase Packaged FoodIndia’s leading cigarette producer ITC Ltd, that also produces packaged food, consumer goods as well as operates hotels, plans to increase packaged food costs by 7percent to 8percent going forward, the key executive of food business mentioned on Wednesday

“Costs of agri-products are on the increase. Prices have increased by 30percent to 35percent previously 2 yrs…addititionally there is simultaneous increase in freight prices as well as packaging prices,” Chitranjan Dar told reporters.The firm sees its packed food business increasing 14per cent to 15per cent in FY12,

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