Tomatoes sit on display. ( Photographer: Geraldine Hope Ghelli/Bloomberg)

Food Will Help ITC Achieve Rs 1 Lakh Crore Target For FMCG Business 

The foods business will play a big role in helping ITC reach its target of Rs 1 lakh crore for the fast-moving consumer goods segment, Hemant Malik, chief executive officer of the food division told BloombergQuint.

ITC also plans to play on its distribution strength even for its vegetables and frozen foods business.

The cigarette-to-hotels company’s non-executive chairman, YC Deveshwar had announced at its 106th annual general meeting that it will enter fruits, vegetables and other perishables segment.