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Food Will Help ITC Achieve Rs 1 Lakh Crore Target For FMCG Business
ITC to play on its distribution strength even for its vegetables and frozen foods business
16 Nov 2017, 09:53 PM IST 
Tomatoes sit on display. ( Photographer: Geraldine Hope Ghelli/Bloomberg)
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.