ITC scaling up ‘Food Safe Spices’ and other value-added agri products to accelerate growth
Top Stories Tamfitronics NEW DELHI: The scope and scale of operations of ITC's Agri Business have grown manifold over the years and currently encompasses nearly 3 million tonnes of annual volume in 22 states and over 20 agri-value chains, according to the ITC Annual Report 2023-24.The strategic focus of the business in recent years has been to accelerate growth by rapidly developing and scaling up Value-Added Agri Products (VAAP), straddling multiple value chains comprising spicescoffee, frozen marine products, and processed fruits, among others.Amid the extremely challenging operating environment, ITC leveraged its strong farm linkages, extensive sourcing expertise enabling traceable, attribute-based and identity-preserved sourcing of agri-commodities, multi-modal logistics capability, agile supply chain operations, deep customer relationships, and focus on scale-up of the VAAP portfolio to sustain business operations during the year.ITC is one of...
