The West Bengal Industrial Development Corporation (WBIDC) would hand over 18 acres later this month to the cigarettes-to-hotel conglomerate ITC to set up an integrated food factory in the state.
'We will hand over 18 acres to ITC on September 25. The cost of land per acre was in tune of Rs.20 lakh,' Subrata Gupta, managing director, WBIDC, told reporters on the sidelines of a seminar organised by Ficci.
During the annual general meeting of ITC in July, chairman Y.C. Deveshwar told reporters that the company had not been able to get land to set up production base (factory) in the state for long.
The land is at Panchla village in Howrah on National Highway 6, 35 km from Kolkata. The unit is planned to manufacture snacks like Bingo.