ITC committed to make more investments in West Bengal: YC Deveshwar

Conglomerate ITC on Friday said that the company is committed to make more investments in West Bengal after the proposed infusion of around Rs 3,500 crore starts to yield returns.

"First, let us get the returns on investments which we will be making now", Deveshwar told reporters here today.

ITC would invest Rs 3,500 crore in setting up two integrated consumer foods factories, an IT development centre and a 500-room hotel adjacent to the existing ITC Sonar.

To a query, Deveshwar said he was happy to see how things are moving in the state under the chief ministership of Mamata Banerjee.

"We are satisfied now with the way things are moving here.

Earlier, we were not. These projects were thought of in 2003, but we were not getting the land and the company could not start construction," he observed.

"We are also impressed by the radical reforms brought in by cutting red tapism in doing business in the state", he added.