ITC Limited
Sustainability Report 2012
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Economic Performance

Raw Material Consumed
Visual Representation of Raw Material Consumed from Financial Year 2008-09 to 2011-12

Locally Based Suppliers

ITC businesses have modern facilities and use state-of-the-art technologies to ensure benchmarked quality and value.

The Company’s suppliers, both local and international, constitute one of our most important stakeholder groups.

The Company sources specialised production machinery globally as well as from reputed Indian manufacturers. High-class utility machinery such as boilers, gensets, air-conditioning and refrigeration machinery, electrical & electronic systems are sourced largely from Indian or India based suppliers. Competent Indian contractors carry out construction of new manufacturing facilities, hotels, warehouses & offices and large-scale upgradations and modernisation thereof. Nearly 87% of our raw materials have been locally procured.

Financial Assistance from Government

Several of our projects are geared towards sub-serving national priorities. The Governments of Andhra Pradesh and Tamil Nadu offer incentives such as deferment of sales tax for setting up new units or for modernisation/ expansion/ diversification of existing Units. Our Paperboards & Specialty Papers Division (PSPD) has received such assistance for the Bhadrachalam and Bollaram Units in Andhra Pradesh and for expansion of the Kovai unit in Tamil Nadu.

Visual Representation of Financial Assistance from Government from Financial Year 2008-09 to 2011-12
Employee Benefits
Visual Representation of Employee Benefits from Financial Year 2008-09 to 2011-12

Engaging Talent, Local Hiring and Senior Management

ITC’s human resource management systems and processes are designed to enhance employee engagement, organisational capability and vitality so as to ensure that each of the Businesses is world-class, positioned for competitive superiority and capable of achieving the Company’s ambitious plans for growth.

The Company has fostered a culture that rewards continuous learning, collaboration and capability development across the organisation to be future-ready and meet the challenges posed by ever-changing market realities.

It creates and nurtures workplace challenges that keep employees engaged, motivated and innovative. This talent has, through strong alignment with ITC’s vision, successfully built and sustained its standing as one of India’s most admired and valuable corporations despite unrelenting competitive pressures.

Unswerving belief in the mutuality of interests of key stakeholders binds all employees to a shared vision and purpose, thus providing it with the vital force for winning in the market place.

The Company encourages local employment in the workforce in manufacturing and hotels, depending on the availability of requisite skills.

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