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ITC to start nicotine and nicotine salts in Mysuru plant

Wednesday, July 14, 2021

ITC Ltd is diversifying its tobacco business into manufacturing of nicotine and nicotine salts primarily for export to the US and European Union markets to capture the growing demand for nicotine based oral and vaping products there, the company said in its just published annual report.

The conglomerate will undertake this new business through a newly set up wholly-owned subsidiary, ITC IndiVision Limited. ITC IndiVision will be setting up a plant near Mysuru in Karnataka to manufacture nicotine and nicotine derivative products. It has already received regulatory approvals for this plant, the company said.

ITC Ltd has invested Rs 50 crore into ITC IndiVision as of March 2021. The company said it has made steady progress during the year in project construction activities while ensuring adherence to the highest standards of hygiene and safety protocols.

The company will be manufacturing purest nicotine whilst conforming to the stringent US and EU pharmacopoeia standards for use in pharmaceutical products. ITC will leverage the institutional capabilities of its leaf tobacco business for nicotine extraction of this business.

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