HomeMore Trade NewsWe've Invested around USD 2 billion in AP

We’ve Invested around USD 2 billion in AP

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Speaking at the inauguration of its Chlor-Alkali plant in Andhra Pradesh, Mr Kumar Mangalam Birla hailed the chief minister Mr Jagan Mohan Reddy for his leadership and identified the state of Andhra Pradesh to be an important state for the group’s overall business.

We have diverse business interests in the state and across businesses we have invested around USD 2 billion in the state’ said the Chairperson of Aditya Birla Group.

Elaborating on the groups business interests in the state he informed that six of their group businesses have significant presence in the state. The company’s cement business has 2 manufacturing units with a capacity of 10 MTPA while its fashion business (ABFRL) has 105 stores with a manufacturing plant which was recently inaugurated in Kadapa district. ‘This plant will produce 1.8 million garments annually’ said Mr Birla. He also cited the company’s financial services business to have substantial presence in the state with 50 large branches. We have a workforce of 10,000 people in the state’ said Mr Birla.

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