ITC Agro Division, which is doing a business of Rs.8000 crores is shifting its headquarters from Hyderabad to Guntur. It is also planning to produce new commodities.
For this, ITC is planning to build a half-a-million square foot of residential and office space to locate the headquarters of the agri-business division. For this it is going to spend around 200 crores. ITC is going to shift its 500 employees to Guntur.
The companys shift will help the farmers in Gunutr.
Last week ITC also laid foundation for a 5 start hotel in Guntur, with around Rs.145 crores