New Delhi, Apr 04: Close on the heels of announcing a Rs 1,000 crore investment in its agri- business, tobacco major ITC on Friday introduced salt in the staple segment, as part of its efforts to clock a Rs 500 crore sales in five years. Salt is the second offering from ITC Foods' staple business in the past 10 months, under the brand name of 'Aashirvaad', ITC Foods Divisional Chief Executive, Ravi Naware told a news conference.
The foods division, which came into being last year, targets a turnover of Rs 500 crore in the next five years, he said. He also added that "ITC Foods will grow both ways - organically and through acquisitions".
ITC has already submitted an Expression of Interest in the divestment of Maharashtra Agro and Fruit Process Corp (MAFCO) and is open to more acquisitions to push growth.

Prior to the launch of salt, the company had introduced `Gharana' brand of ready-to-cook dishes under 'Kitchens of India' range.
The Rs 500 crore sales would come from the company's offerings in its three divisions - snack, staple and confectionery, he said. Bureau Report