Aditya Birla Group Chairman, Kumar Mangalam Birla, announced at the Rising Rajasthan Global Summit that the company plans to invest a substantial Rs 50,000 crore in the state of Rajasthan over the coming years. This investment will span several key sectors, including cement, renewable energy, telecom, and retail, as the conglomerate looks to expand its operations and contribute to the region’s growth.
Birla highlighted that a significant portion of this investment would be directed towards the renewable energy sector, with Rs 6,000 crore earmarked for projects over the next one to two years. The group’s commitment to increasing its footprint in Rajasthan aligns with the state’s vision of becoming a hub for sustainable energy.
Speaking at the event, Birla emphasized the group’s deep roots in Rajasthan, especially in Pilani, where the company’s journey began. He shared, “Today, I am not a guest here but a host. Our roots are here in Pilani. From this place, we have grown into a $65 billion economy. We are proud of our journey, and now, we are excited to contribute even more to the growth of Rajasthan.”
A key focus of Aditya Birla Group’s plans for the state is in the cement sector. Birla revealed that the company’s cement arm, UltraTech Cement, will be increasing its production capacity in Rajasthan by 10 million tonnes, bringing its total capacity to 30 million tonnes. Currently, the company operates with a capacity of 20 million tonnes in the state. This expansion is expected to create numerous job opportunities and support the region’s growing infrastructure needs.
The group also plans to strengthen its presence in other business areas, including telecom and fashion retail. Birla expressed confidence in the state’s potential, noting that Rajasthan offers a conducive environment for businesses to grow, with robust infrastructure and government support.
“Across our businesses, we are committed to scaling up our investments. Rajasthan’s strategic importance and growth potential make it a priority for our expansion plans,” Birla added. He also mentioned that the Aditya Birla Group’s jewellery business unit is exploring the possibility of setting up a manufacturing facility in Rajasthan to tap into the region’s vibrant jewellery sector.
The announcement came during the Rising Rajasthan 2024 summit, which was inaugurated by Prime Minister Narendra Modi at the Jaipur Exhibition and Convention Centre (JECC). The summit brought together industry leaders, policymakers, and investors to discuss the state’s development opportunities and showcase Rajasthan as an attractive investment destination.
Prime Minister Modi, in his address, praised Rajasthan for its steady growth and its efforts to create a business-friendly environment. He also welcomed the Aditya Birla Group’s significant commitment to the state, which he described as a major step towards enhancing Rajasthan’s economic standing in India.