ITC Ltd. Chairman and Managing Director Sanjiv Puri has confirmed that the recent political turmoil in Nepal will not derail the company’s investment plans in the country. Despite uncertainties, ITC will move forward with its projects in the fast-moving consumer goods (FMCG) and hospitality sectors.
ITC’s Strong Presence in Nepal
ITC operates in Nepal through its subsidiary Surya Nepal, which has been a market leader in the cigarette business since 1986. In recent years, the company has diversified into biscuits and confectionery, strengthening its footprint in the FMCG space as part of ITC’s broader strategy to expand into neighboring markets.
According to ITC’s 2024–25 annual report, the company continues to aggressively scale up its FMCG businesses and evaluate new opportunities in this sector.
Expansion Plans Remain on Track
Speaking about the company’s outlook, Puri said ITC’s plans for Nepal, both in FMCG and hotels, remain unchanged.
“Things are evolving all over the world, we are seeing uncertainty manifest in many ways. While it’s not good for business or ease of living, we have to navigate and continue… otherwise you cannot progress in today’s world,” he noted.
This indicates that ITC is committed to pursuing long-term growth in Nepal, regardless of short-term disruptions.