Company expansions refer to the strategies and actions undertaken by a business to grow its operations, increase its market presence, and enhance its capacity to generate revenue. This can involve various approaches, such as opening new locations, entering new markets, launching new products or services, acquiring or merging with other companies, or increasing production capabilities. The fundamental goal of company expansions is to achieve greater profitability and competitive advantage. Expansion can be geographically oriented, targeting new domestic or international markets, or it can be product-oriented, introducing innovations that appeal to existing or new customer bases. Successful expansions typically require careful planning, market research, and resource allocation, as they can also involve significant risks and costs.
ITC, a leading player in India's agribusiness, has set its sights on significantly expanding its operations across several key states. The company currently operates in around 22 states, focusing on…