Aditya Birla Group to Invest Rs 50,000 Crore in Rajasthan, Says Kumar Mangalam Birla at Rising Rajasthan Summit
At the Rising Rajasthan Global Summit 2024 held at the Jaipur Exhibition and Convention Centre (JECC), Kumar Mangalam Birla, Chairman of the Aditya Birla Group, announced an ambitious investment of Rs 50,000 crore in Rajasthan. This investment will focus on expanding the company’s footprint across key sectors, including cement, renewable energy, telecom, and retail.
Birla shared that the Aditya Birla Group will inject Rs 6,000 crore into renewable energy projects over the next two years, as part of their commitment to addressing the growing demand for cleaner energy solutions. Additionally, the group plans to increase its cement production capacity in the state by 10 million tonnes, building upon the existing 20 million tonnes produced by UltraTech Cement.
In line with the company’s focus on local industries, Birla also mentioned plans to establish a jewellery manufacturing unit in Rajasthan, celebrating the state’s rich artisanal talent. “In cement, we plan to significantly increase capacity at Nathdwara. And as an ode to the artisanal talent in the state, our jewellery business too plans to set up a manufacturing facility in the state,” Birla said.
During his speech, Birla commended the competitive spirit among Indian states, which he believes has contributed to fostering business growth. Reflecting on his 30-year career, he noted, “I have never witnessed such intense competition among states to attract investments. This thriving environment has been fuelled by the vision of cooperative federalism.”
Birla, who hails from Rajasthan, also shared a personal reflection on the company’s journey. “From our roots in Pilani, we have grown into a 65-billion-dollar global conglomerate with a presence in 41 countries across six continents. It is humbling to realise that this journey started here — just 200 km away.”
He urged global investors to seize the opportunities in Rajasthan, stating, “Rajasthan is ready. Are you? Come and be a part of India’s growth story.”
Birla highlighted Rajasthan’s growth potential using the acronym MITR— minerals, infrastructure, tourism, and renewable energy—illustrating the state’s key strengths. He also expressed confidence that Rajasthan would play a central role in the Vision for Developed Rajasthan 2047, which aims to drive industrial growth, create jobs, eradicate poverty, and improve living standards.
The Rising Rajasthan Summit, which runs from December 9 to 11, is a key event aimed at attracting global investment and showcasing Rajasthan’s potential as a trade and industrial hub. Prime Minister Narendra Modi and prominent industrial leaders are attending the event to highlight the state’s investment opportunities
News Source : “Information for this article was gathered from a variety of reliable news outlets.”
