Cigarette Stocks Adequate Despite Shutting Mfg: ITC
FMCG major ITC on Wednesday said it has adequate cigarette stocks available in the market despite shutting all its manufacturing in the wake of the government rule that requires larger pictorial warnings on packets. “Adequate stocks are available in the market,” an ITC spokesperson told PTI in an e-mailed response. The company had on April 2 said that it was not ready to print larger pictorial warnings on its cigarette packs and its factories would remain shut till clarity emerged on the matter. As per the notification of the Health Ministry, tobacco products are required to have pictorial warning on 85% of the packaging space.