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India Inc is not investing due to high debt: Kumar Mangalam Birla

Interview with Chairman, Aditya Birla Group

Kumar Mangalam Birla
Kumar Mangalam Birla

Aditya Birla Group on Friday launched an online portal, Abof.com, to sell fashion merchandise. Kumar Mangalam Birla, 48, chairman of the group, talks to Dev Chatterjee and Raghavendra Kamath about the group's late entry into the online business, why millennials are flocking to e-commerce and why India Inc is not investing in fresh capacity. Edited excerpts: Aditya Birla Group is one of the very few private companies in India investing in new projects or acquisitions. Why are others wary of doing so? A lot of companies have huge debt on their balance sheets, which prevents them ...