Farmers
As illustrated elsewhere in this Report most significant and principle raw materials in ITC are agri-based. Farmers are an integral part of ITC’s value chain and the Company partners them in securing improved productivity, assured markets and better price realisation.
Our commitment is backed by:
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R&D and agricultural extension programs in Tobacco.
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Productivity improvement through development of superior clones and enhancing production capacity to provide adequate supply of clonal plants.
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Support in improvement of quality and farm practices and best practices through in-house Research and Development.
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Empowerment of farmers through e-Choupals, helping higher productivity, connectivity to markets and better price realisation.
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Utilising wasteland for productive use and sharing the benefits of carbon credits with farmers.
- Training & awareness building for adoption of integrated pest management, water and energy conservation measures, post harvest product management.
The section on ‘A Commitment beyond the Market: Enlarging Societal Contribution’ amply demonstrates the fruitfulness of our engagement with farmers.
For more information refer to Page 36, Section Business Segments in ITC’s Report and Accounts 2007 available at www.itcportal.com
Government
We comply with all the economic, environment,
safety and social regulations, pay all relevant taxes and duties and monitor and report all
relevant parameters/information to the Regulatory authorities/agencies. We have also achieved ‘beyond compliance’ status by adopting international
best practices.
Our managers proactively participate in Government, statutory and business forums on issues relating to regulatory and public policy framework.
Community
We actively engage with the communities around our operations and our social development initiatives, reported in the relevant section of this Report, are closely aligned to the needs/concerns of these communities.
Suppliers
We believe our suppliers are our “Partners in progress” and critical to ITC’s value chain.
We have periodic vendor reviews and audits resulting in ongoing vendor development. A large number of vendors in different businesses participate in design and development of products and services.
In a large number of businesses we have also supported our vendors in improving/upgrading technology, thereby enhancing their competitive position through value engineering.
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