Aditya Birla Group to invest Rs 20000 cr in Madhya Pradesh
Posted on: 24 Oct 2016 09:34:19
24 October 2016 Current Affairs: Aditya Birla Group Chairman Kumar Mangalam Birla has pledged an investment of Rs. 20,000 crore for the state in sectors like retail, telecom and cement.
Birla said the group has five world-class facilities, including Grasim and chemical plants, in Madhya Pradesh.
The group’s Idea Cellular covers over 58 per cent of the population, he said, adding that the group remains committed to further expanding this vast network and bringing more people under the coverage of its mobility services in the state.
This is now available with more than 2.8 crore and our intent is to double this coverage over the next 3 years.
Idea provides entrepreneurial opportunities to some 2,300 distributors and 1.45 lakh retailers in the state. The group is also looking at increasing Idea’s 3G and 4G sites and optical fibre cable expansion. “In all our key businesses like viscose fibre, cement, metals, telecom, retail and financial services, we have a significant presence in the state.
The group is exploring a greenfield cement plant, an investment of Rs. 3,000 crore in expansion of Hindalco’s smelter and opening of more retail stores for Pantaloons and Madura Garments, besides foraying into the solar sector.
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