New Delhi – June 1, 2025:
ITC Limited, one of India’s largest diversified conglomerates, is set to make its next major investment in Andhra Pradesh, announced Sanjiv Puri, Managing Director of ITC and President of the Confederation of Indian Industry (CII), during the CII Annual Business Summit 2025 held in the national capital.
Speaking during the concluding session alongside Andhra Pradesh Chief Minister N. Chandrababu Naidu, Puri said,
“The next investment we make will be in Andhra Pradesh, and you will hear about it very soon.”
Puri emphasized that Andhra Pradesh’s track record under CM Naidu’s leadership and the state’s current pace of transformation were key motivators for this decision.
“We know from the past how the state has been transformed, and we are encouraged by the speed with which it is now evolving. This has inspired our decision to invest,” he added.
ITC, a leading player in FMCG, Paperboards, Packaging, Agriculture, and IT, has been consistently investing across multiple sectors in Andhra Pradesh. The company’s decision reinforces the state’s growing reputation as an attractive investment destination.
In its FY25 performance, ITC demonstrated resilience despite a challenging economic environment. The company reported:
- Gross Revenue from Continuing Operations: ₹73,464.55 crore
- EBITDA: ₹24,024.83 crore
- Profit Before Exceptional Items and Tax: ₹26,000.86 crore
The FMCG–Others segment held strong amid weak demand and rising competition from regional players, driven by digital innovation, deep consumer insights, and a robust multi-channel distribution strategy.
Meanwhile, Chief Minister Chandrababu Naidu extended a strong pitch for industrial investment in the state, urging businesses to participate in the state’s forward-looking development strategy.
“This is the right time to invest in India’s development. Andhra Pradesh is charting a strategic path through the Swarna Andhra Vision 2047, focusing on economic growth, inclusive development, industrial resurgence, and innovation-led transformation,” said Naidu.
With ITC’s commitment and the state’s proactive industrial policies, Andhra Pradesh continues to strengthen its position as a hub for national and global investors.