ITC to Invest ₹2,300 Crore in West Bengal, Set Up Global AI Centre with Google

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Sat, Jun 20, 03:24 AM IST • 2 min read

Kolkata-headquartered ITC has announced a fresh investment of ₹2,300 crore in West Bengal, reinforcing its long-term commitment to the state and further strengthening Bengal's position as a key destination for industrial and technological growth.

The new investment comes on top of more than ₹7,500 crore that the diversified conglomerate has already invested in West Bengal over the past decade. The company currently operates an extensive network of manufacturing facilities across the state, covering sectors such as FMCG, food processing, paperboards and packaging, agri-business, and hospitality.

ITC's latest investment is expected to boost industrial capacity, strengthen supply chains, and create employment opportunities across multiple sectors. The company already has 20 factories and five hotels in West Bengal, reflecting its significant presence in the state's economy.

In a major development for Kolkata's technology ecosystem, ITC is also setting up a Global AI Center of Excellence in partnership with Google. The facility will be housed at the ITC Green Center in Rajarhat and is expected to focus on advancing artificial intelligence capabilities and innovation.

The initiative has the potential to position Kolkata as an emerging destination for AI research, development, and enterprise innovation, while also attracting talent and technology-driven investments to the region.

ITC is simultaneously expanding its hospitality footprint in the state. The company has confirmed that agreements have already been signed for seven additional hotels in West Bengal, further strengthening the state's tourism and hospitality infrastructure.

As one of India's largest and most diversified business groups, ITC's continued investments underline growing confidence in West Bengal's economic prospects. The combination of manufacturing expansion, hospitality growth, and cutting-edge technology initiatives reflects a broader trend of companies viewing the state as a strategic hub for future growth.

The announcement marks another significant milestone in Bengal's investment journey and highlights Kolkata's evolving role as a center for business, innovation, and technology.