ITC to pump in Rs 8,000 crore for business growth

by Dave

The Financial Express

Chairman YC Deveshwar said ITC would be looking for growth in every business that it is in, including some new ones.

Meanwhile, the company reported an 18% growth in net turnover to Rs 3,900 crore for the quarter to June 30, 2008, with the main driver being the non-cigarettes business as the company continued to scale up new FMCG businesses and grew its agri-business, hotels and paperboard & packaging businesses.

Earlier, at the AGM, Deveshwar had waxed eloquent on the virtues
of agro-forestry
and how the use of wood in housing should be
encouraged as wood is a good carbon sink.