Aditya Birla Group to invest Rs 15,000 cr in Gujarat over 3 years
The group will be making these investments in various business segments
ranging from textiles and chemicals to mining and minerals.
Aditya Birla Group plans to invest Rs 15,000 crore in Gujarat over the next
three years on capacity expansion and setting up of new units, its Chairman
Kumar Mangalam Birla on Friday said.
The group will be making these investments in various business segments
ranging from textiles and chemicals to mining and minerals.
Speaking here at the Vibrant Gujarat Global Summit, Birla said, up until now
the group''s investments in Gujarat "are of over Rs 30,000 crore and
counting".
"We have plans to invest about Rs 15,000 crore more. This is towards
expansion of our capacities, setting up of new plants," he said.
Elaborating the investment plans, he said, "Amongst our major expansion is
with Grasim viscose staple fibre plant at Vilayat and Indian Rayon viscose
filament yarn plant at Veraval. These will entail investments of Rs 7,500
crore."
The group currently has 15 manufacturing plants providing employment to
around 26,000 people.
He said the investments on expanding group firm Grasim''s chemical
business will be around Rs 1,000 crore.
"About Rs 1,000 crore allocated for the mining and mineral sector and solar
power," Birla added.
Moreover, the group is also increasing investment in green technologies at
all of its plants as part of environmental friendly measures as part of the new
investments planned, he added.
"All of these investments together run up to Rs 15,000 over a three year
period," Birla said.
Saturday, 19 January 2019