ITC For Medicinal, Aromatic Plants
ITC For Medicinal, Aromatic Plants
Sehore (MP): ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate’s presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states.
Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic.
“As a part of the ITC Next strategy, the company’s Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness.”