The group’s chairman, Kumar Mangalam Birla, told the UP Global Investor Summit here that investment in the state would be in sectors such as cement, metals, chemicals, financial services and renewable energy. He said that seven companies owned by the Mumbai-based company have a significant presence in UP.
luck now. The Aditya Birla Group announced on Friday an investment of Rs 25,000 crore in its various sectors in Uttar Pradesh. The group’s chairman, Kumar Mangalam Birla, told the UP Global Investor Summit here that investment in the state would be in sectors such as cement, metals, chemicals, financial services and renewable energy. He said that seven companies owned by the Mumbai-based company have a significant presence in UP. These have a total investment of Rs 40,000 crore and employ over 30,000 staff.
Birla said that Uttar Pradesh is setting an example to other states. Whether it’s developing state-of-the-art infrastructure or offering effective governance. In the process, it is creating immense opportunities for investors both domestically and internationally, he added. Birla said that we are encouraged by the rapid development of the state. We were the first investors in its industrial development. Today, the state is truly one of the important states that is driving the economic growth of India towards a five trillion dollar market.
Therefore, we have committed to investing an additional Rs 25,000 crore in our businesses: Cement, Metals, Chemicals, Financial Services and Renewable Energy. He said that investors are already paying attention to the changing landscape of Uttar Pradesh. The state has attracted foreign direct investment (FDI) of $1.1 billion in the past three years to September 2022.
Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.