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Aditya Birla Group to invest Rs 20,000 crore in Madhya Pradesh

Breaking News: Aditya Birla Group Chairman Kumar Mangalam Birla, on Saturday, pledged an investment of Rs 20,000 crore for the state in sectors like retail, telecom and cement. Addressing the Madhya Pradesh Global Investors Summit in Indore, Birla said the state is among the top markets for Idea Cellular, which has already invested nearly Rs 7,000 crore over two decades.


"So far, our investment in Madhya Pradesh is in the range of Rs 30,000 crore. We have more than 12,000 employees and our ancillary business has generated 25,000 jobs. Going forward, we are looking at investment of Rs 20,000 crore in our various businesses," he said. Birla said the group has five world-class facilities, including Grasim and chemical plants, in Madhya Pradesh. The group's Idea Cellular covers over 58 % of the population, he said, adding that the group remains committed to further expanding this vast network and bringing more people under the coverage of its mobility services in the state."Idea Cellular was first to introduce wireless broadband services, in Indore, with the launch of its 3G network in 2011. This is now available with more than 2.8 crore and our intent is to double this coverage over the next 3 years," Birla said.
Aditya Birla Group to invest Rs 20,000 crore in Madhya Pradesh Reviewed by Maddali Laxmi Swetha on October 23, 2016 Rating: 5

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