Kumar Mangalam Birla said that Uttar Pradesh is setting an example for other states.
Lucknow:
The Aditya Birla Group on Friday pledged an investment of Rs 25,000 crore in its various businesses in Uttar Pradesh.
Kumar Mangalam Birla said at the Global Investors Summit here that the investment would go into various businesses such as cement, metals, chemicals, financial services and renewable energy.
The seven businesses of the Mumbai-based group have a significant presence in Uttar Pradesh, manned by over 30,000 employees with a total investment of Rs 40,000 crore, he said.
Kumar Mangalam Birla said that Uttar Pradesh is setting an example for other states to follow when it comes to building new age infrastructure or providing efficient governance.
In the process, it is creating immense opportunities for investors both in India and abroad, he added.
“As an early investor in the state’s industrial journey, we feel encouraged by the rapid progress the state is making. Today, the state is recognized as one of the key states driving India’s journey towards a $5 trillion economy. And so we are committed to invest a further Rs 25,000 crore in our businesses, cement, metals, chemicals, financial services and renewable energy, Kumar Mangalam Birla said.
He said investors are already taking note of the changing face of Uttar Pradesh as in the last three years ending September 2022, the state has attracted FDI worth $1.1 billion.
Kumar Mangalam Birla said that despite having a large consumption base, the state was earlier lagging behind in industrial development.
“That picture is slowly and dramatically changing. Thanks to a pragmatic and industry-friendly administration and the rapid pace of infrastructure development,” he said.
Kumar Mangalam Birla said that the scale of the project and the speed of implementation is remarkable.
“Be it highway projects crisscrossing the length and breadth of the state, metro rail projects or new airports, the state is upgrading its infrastructure in a transformative manner,” he added.
Kumar Mangalam Birla said that the government has also made significant progress in terms of ease of doing business.
He also said that as a global business conglomerate, the Aditya Birla Group operates in 36 countries and he can confidently say that India stands tall among all of them today.
Birla said that there is probably no other country in the world which combines strong democracy, transformative governance, economic mind, demographic dynamism and entrepreneurial energy ranging from renewable energy to digital governance and space technology to agriculture innovation.
He said, “As an investor, it is my pleasure to see Uttar Pradesh undergoing a metamorphosis in the last few years under the leadership of Chief Minister Yogi Adityanath and under the guidance of Honorable Prime Minister Shri Narendra Modi ji.”
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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