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8000 Crores of ITC Investments in Telangana

world-class food processing unit ITC Company made a proposal of setting up in Medak with an investment of Rs.800 crore and also a hotel, with Rs. 1000 crore investments.
ITC will be investing Rs 8000 crore in the state of Telangana. We will expand our paper plant capacity and set up a new hotel in Hyderabad," Deveshwar said during the launch of Telangana's new Industrial policy.
Addressing a gathering in Hyderabad, ITC chairman said that, India needs to significantly ramp up manufacturing capacities.

“ITC was the largest paperboard manufacturer in the country, with a capacity of five lakh tonnes, whereas a single machine in China had a capacity to produce one million (10 lakh) tones. We can create jobs if Indian industry becomes competitive. Capital goes to places where it can multiply. If we are not competitive, we will lose out,” said the ITC Chairman. 
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