Aditya Birla Group to invest Rs. 20,000 cr in Madhya Pradesh

By

Maverick Martins

Published
Oct 24, 2016

Aditya Birla Group Chairman Kumar Mangalam Birla pledged an investment of Rs. 20,000 crore for the state in sectors like retail, telecom and cement.
 
Addressing the Madhya Pradesh Global Investors Summit in Indore, Birla said the state is among the top markets for Idea Cellular, which has already invested nearly Rs. 7,000 crore over two decades.

“So far, our investment in Madhya Pradesh is in the range of Rs. 30,000 crore.

We have more than 12,000 employees and our ancillary business has generated 25,000 jobs. Going forward, we are looking at investment of Rs. 20,000 crore in our various businesses,” he said.

Birla said the group has five world-class facilities, including Grasim in Madhya Pradesh.
 
 “In all our key businesses like viscose fibre, cement, metals, telecom, retail and financial services, we have a significant presence in the state,” he added.
 
The group is exploring opening of more retail stores for Pantaloons and Madura Garments, Birla said.