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  • Tue. Jul 2nd, 2024

ITC scaling up ‘Food Safe Spices’ and other value-added agri items to speed up development

ITC scaling up ‘Food Safe Spices’ and other value-added agri items to speed up development

NEW DELHI: The scope and scale of operations of ITC’s Agri Business have actually grown manifold throughout the years and presently includes almost 3 million tonnes of yearly volume in 22 states and over 20 agri-value chains, according to the ITC Annual Report 2023-24. The tactical focus of business recently has actually been to speed up development by quickly establishing and scaling up Value-Added Agri Products (VAAP), straddling several worth chains making up spices, coffee, frozen marine items, and processed fruits, to name a few. In the middle of the exceptionally difficult operating environment, ITC leveraged its strong farm linkages, substantial sourcing know-how making it possible for traceable, attribute-based and identity-preserved sourcing of agri-commodities, multi-modal logistics ability, nimble supply chain operations, deep consumer relationships, and concentrate on scale-up of the VAAP portfolio to sustain service operations throughout the year. ITC is among India’s biggest exporters of agri products with exports to over 85 nations. ITC is a leading gamer in spices such as chili, turmeric, coriander, and cumin. In line with its method of improving worth addition and ‘producing the buy’, business has, over the last few years, scaled up its existence in ‘food safe’ markets viz. the United States, EU, and Japan, leveraging its crucial strengths such as identity-preserved sourcing proficiency, strong backwards combination, custody of supply chain and customer-focused techniques. Throughout the year, business combined its position as a favored provider in ‘food safe’ markets (personal labels, steam sterilised, natural items) leveraging deep consumer relationships, portfolio enhancement, and nimble execution. Business scaled up its Organic and Integrated Crop Management (ICM) programs, consequently boosting its capability to produce ‘food safe’ spices in a sustainable way. Business continues to partner with different State Governments for production of ‘food safe’ spices and has actually preserved an unblemished performance history for many years in regards to compliance with rigid food security specifications. Business continues to pursue sustainable farm management practices anchored on Rainforest Alliance and Glo
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