Aditya Birla to invest Rs. 5000 crores in Jharkhand

Posted on February 17, 2017

Aditya Birla Chairman, Kumar Mangalam Birla, today announced that Aditya Birla will invest Rs. 5000 crores in Jharkhand in various sectors including mining. Read more on Investments

“Till now we have made investment of Rs. 5,000 crores in Jharkhand. Looking forward, we plan to invest another Rs. 5,000 crores in the next few years. Out of this, Rs 1,500 crore has been earmarked”, he said at the Momentum Jharkhand, a global investors’ summit.

Mr. Birla said that Aditya Birla will actively take part in the auctions of Bauxite and Coal in Jharkhand in the near future. In the services sector, Aditya Birla plans to expand its operations in the telephony and financial services.

Jharkhand is one among the economically backward states in India. Aditya Birla’s Rs. 5000 crores investment in Jharkhand will help create many employment opportunities for the people in Jharkhand and thereby improve their living standards. Since Jharkhand is rich in Bauxite and Coal, the government of Jharkhand will get plenty of revenue by auctioning the resources. All the states in India must create a business – friendly environment in their states by giving tax exemptions and land at cheap rates for businessmen among other benefits. This will promote investments in states and help improve the states’ economies, employment opportunities and standard of living of the people of the states. Indian Companies like Aditya Birla should also be proactive in investing in the states of India and help improve their economies. Read more on Startup News