UP-Birla Group UP has become favourite destination for investors: Kumar Mangalam Birla
Lucknow/UNI: Referring to the old ties between Uttar Pradesh and the Aditya Birla Group (ABG), Chairman of ABG Kumar Mangalam Birla on Friday said post independence an aluminium factory in the name of Hindalco in the state was set up by them, marking the beginning for his group to becoming the world's largest company in its field.
Addressing the Ground Breaking Ceremony @3.0 in Lucknow, Birla said, "The relationship between UP and the Birla Group is very old. We started our journey from this state way back in 1956. Since then, Birla Group has grown its business multiple folds in different countries."
The Aditya Birla Group is also a well-known name in the cement and chemical sector. By adopting many villages under Corporate Social Responsibility, the group is working for their all-around development, the compay said.
The Group also has 11 educational institutions that provide quality education to students.
Birla said, "Due to the visionary government led by Prime Minister Narendra Modi and transparent policies, the trust in India has increased among investors all over the world. This is the reason that today India has become the favourite destination for investors across the world."
"Coming from 14 positions to number two in the Ease of Doing Business is proof of his excellence in running the government.
"The investment portal of the state government has proved to be very useful for investors. Works like Purvanchal Expressway and Rapid Rail are symbols of the ongoing transformation in the state," he said.
"UP will be the leader of the country's economic development in the coming years and there will be active participation of the Birla Group in its growth," he added.
He also highlighted that his group has invested Rs 40,000 crores in UP.
He assured that he would directly or indirectly provide employment to 35,000 youths in 50 villages through his projects.
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