28 January 2017 Current Affairs: The Aditya Birla Group on January 27, 2017 announced its plans to invest Rs 7,000 crore in the next two years in Andhra Pradesh.
The company aims to expand its existing businesses in the state.
The conglomerate already has investments of Rs 10,000 crore in the state across sectors like telecom, retail and cement.
The company has set up a cement plant with capacity of 5.6 million tonnes n Andhra Pradesh. In the telecom sector, Idea cellular currently serves 8 million customers through 69,000 outlets and nearly 9,400 cell sites.
In the branded apparel and retail business, the company has 240 stores.