Rising Rajasthan Global Investment Summit: Kumar Mangalam Birla announces ₹50,000 crore investment – CNBC TV18

Kumar Mangalam Birla, Chairman of the Aditya Birla Group, on Monday, December 9, announced an investment of ₹50,000 crore in Rajasthan over the next two years. Of this, ₹10,000 crore will be directed towards renewable energy initiatives, he said.

The Aditya Birla Group’s cumulative investment in Rajasthan has reached ₹50,000 crore. Ultratech Cement, the group’s flagship entity, established a production capacity of 20 million tonnes per annum (MTPA) in Rajasthan. Additionally, the group’s fashion and retail businesses have a considerable footprint in the region. Kumar Mangalam Birla’s pledge for future investments spans multiple sectors, with a significant focus on green energy.

Speaking as an “ambassador” of the state, at the Rising Rajasthan Global Investment Summit, Birla said, “Rajasthan has a deep connection to my roots. The legacy of my great-grandfather, GD Birla, is rooted here.”

Birla also touched upon the impact of BITS Pilani, an institution established by his family.

“My family’s relationship with Rajasthan, of course, extends far beyond business. A Pathshala established by my family at the beginning of the 20th century is today one of the most esteemed educational institutions in the country. BITS Pilani has gifted thousands of dynamic leaders and entrepreneurs to India and in fact, to the world. It today counts amongst its alumni over 6,500 founders and co-founders of startups across the world.”

Also Read: Rising Rajasthan Global Investment Summit: Vedanta Chairman Anil Agarwal announces ₹1 lakh crore investment, 5 lakh jobs