Aditya Birla Group to Invest Rs 50,000 Crore in Rajasthan's Cement, Renewables, and Telecom Sectors

On Monday, Kumar Mangalam Birla, Chairman of Aditya Birla Group, reaffirmed his commitment to his home state, Rajasthan, announcing plans for a massive Rs 50,000 crore investment in sectors such as cement, renewables, telecom, and retail over the next few years. 

Speaking at the Rising Rajasthan Summit in front of Prime Minister Narendra Modi, Birla highlighted the group’s longstanding connection with the state, which started in Pilani, where it was founded. 

He described himself as an ambassador of Rajasthan, noting that the group's journey, from a small school to a global $65 billion conglomerate, has been deeply intertwined with the state's growth. 

Birla emphasized that the company’s presence in Rajasthan extends beyond business, with significant contributions to education through institutions like BITS Pilani. Over 6,500 alumni have gone on to establish startups, with 13 of them becoming unicorns.

read more - Adani Group’s Krishnapatnam Port Secures Government Extension for Petroleum Imports

The Aditya Birla Group’s operations in Rajasthan employ over 25,000 people, with its cement capacity alone exceeding 20 million tonnes. Birla also mentioned the group’s telecom arm serving nearly 8 million subscribers in the state, along with plans for expansion in renewables, cement, and jewellery manufacturing.

Outlining the state’s economic potential, Birla pointed to key growth drivers: Minerals, Infrastructure, Tourism, and Renewable Energy—acronymed "MITR." He expressed confidence in the state’s future, praising its development agenda aimed at industrial growth, poverty eradication and improved living standards. 

He also highlighted the competitive investment climate in India, attributing it to the vision of co-operative federalism promoted by PM Modi. Birla ended his address by inviting global investors to explore Rajasthan’s growing opportunities.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.