India’s Aditya Birla Group plans to invest ₹15,000 crore in Gujarat over the next three years on capacity expansion and setting up of new units, chairman Kumar Mangalam Birla said at the Vibrant Gujarat Global Summit in Gandhinagar on January 18. The group will make these investments in various segments like textiles, chemicals, mining and minerals.

Until now, the group's investments in the state are worth over ₹30,000 crore.

The group’s major expansion plans include the Grasim viscose staple fibre plant at Vilayat and Indian Rayon viscose filament yarn plant at Veraval, both of which will combine attract investments worth ₹7,500 crore, according to Indian media reports.

The group has 15 manufacturing plants employing around 26,000. Expansion of Grasim's chemical business will witness an investment of around ₹1,000 crore.

The businesses in mining, minerals and solar power will receive an investment of ₹1,000 crore, Birla said.

The group is also increasing investment in green technologies at all its plants, he added. (DS)

Fibre2Fashion News Desk – India

Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.