ITC hiking capacity at Bolaram facility
Seeing a huge opportunity for environmental-friendly paper-based food packaging material in the West, the Paperboards and Specialty Papers Division of ITC has decided to invest Rs 35 crore by the year end at its Bolaram facility to increase capacity.
Post expansion, the capacity of the facility would go up to 42,000 tonnes a year from the present 18,000 tonnes, according to Mr Pradeep Dhobale, Chief Executive of the division.
“We have received the BRC (British Retail Consortium) certificate for the unique product,” he told Business Line.
BRC, a lead association of retailers in the UK, prepared a set of global standards in food, packaging, consumer products and non-GM (genetically modified) food segments.
These norms require the retailers to procure products from suppliers, who are certified for these set standards.
The certificate from the European agency would help the company tap the huge opportunity in the retail industry.