Aditya Birla Group to invest in the state

Aditya Birla Group has investments of Rs 10,000 crore in the state across sectors like telecom, retail and cement.And is now planning to invest Rs 7,000 crore in the next two years in on expanding existing businesses, Chairman Kumar Mangalam Birla said today, at the investment summit.

Birla Group chairman has said that their business in Andhra Pradesh was fruitful and are in a verge of expansion. We have created employment for 11,000 people both direct and through ancillary industries," Birla said.
In the telecom sector, Idea cellular currently serves 8 million customers through 69,000 outlets and nearly 9,400 cell sites. And this year the group will be extending 3,500 cell sites largely 3G and 4G at an investment of over Rs 1,300 crore," Birla said.

The company has set up a cement plant with capacity of 5.6 million tonnes. In the branded apparel and retail business, the company has 240 stores and is looking at increasing the presence as also in the financial services sector. With this additional investments into the state would serve out much more employment.

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