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.

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