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K M Birla's firm bets on India's economic recovery, revives investments

As the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels, the billionaire said

Kumar Mangalam Birla
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Kumar Mangalam Birla, chairman of Aditya Birla Group

Haslinda Amin, Swansy Afonso and P R Sanjai | Bloomberg
Indian tycoon Kumar Mangalam Birla’s $46-billion metals-to-telecommunications conglomerate is reviving investments, betting India’s economy will soon bounce back from a recession induced by the pandemic.
 
As the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels, the billionaire said in a Bloomberg Television interview on Wednesday. His Aditya Birla Group has already unveiled plans to plow in about $2.4 billion across businesses in the past few weeks, months after putting on hold some of its expansion programs on account of the Covid-related lockdowns.
 
"Economists were throwing many letters at

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First Published: Jan 28 2021 | 11:59 AM IST

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