Aditra Birla Group to invest Rs 15,000 cr in Gujarat over 3 yrs

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 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."