ITC Limited to enter healthcare sector
Indian company ITC Limited plans to enter into the medical and healthcare sector.
It may set up world-class multi-speciality hospitals, mobile medical vans, training centres, nursing homes, and more.
The company has sent a proposal about the same to its shareholders asking them to review and vote.
If the shareholders vote in majority, ITC will compete with well-known companies like Apollo Hospitals and Fortis Healthcare.
As of now, ITC is into five business areas like fast-moving consumer goods, hotels, packaging, agri-business and information technology.