UP creating an example for other states to follow: Kumar Mangalam Birla

Abhishek Awasthi.

Lucknow: The Aditya Birla Group promised Rs 25,000 crore in investment across its different companies in Uttar Pradesh on Friday. Kumar Mangalam Birla stated during the Global Investors Summit that the investment will go into diverse companies such as cement, metals, chemicals, financial services, and renewable energy. He stated that the Mumbai-based group’s seven businesses had a major presence in Uttar Pradesh, supported by over 30,000 people and a total investment of Rs 40,000 crore. Birla stated that whether it comes to establishing modern infrastructure or delivering effective government, Uttar Pradesh is setting an example for other states to follow. In the process, it creates enormous prospects for investors, both domestic and international, he continued. “As early investors in the state’s industrial journey, we are encouraged by the state’s swift success. Today, the state is rightfully regarded as one of the main states propelling India’s economic development towards a USD 5 trillion GDP. As a result, we are investing Rs 25,000 crore in further investments across our companies, cement, metals, chemicals, financial services, and renewable energy,” Birla stated this. Investors are already taking notice of Uttar Pradesh’s changing face, as the state has received FDI worth USD 1.1 billion during the previous three years ending September 2022, he said.

Despite having a strong consumer base, the state was formerly a laggard in industrial growth, according to Birla. “That picture is gradually and drastically shifting. Because of a business-friendly government and a quick rate of infrastructure development,” he asserted this. The scope of the project and the speed with which it is being implemented here are astounding, according to Birla. “Whether it’s highway projects crisscrossing the state, metro rail projects, or new airports, the state is improving its infrastructure in a dramatic way,” he added. Birla remarked that the government has also made great progress in terms of ease of doing business.He also stated that the Aditya Birla Company works in 36 countries as a worldwide corporate group, and that India now stands out among all of them. Perhaps no other country in the world combines solid democracy, transformative governance, economic mind, demographic dynamism, and entrepreneurial energy ranging from renewables to digital governance and space tech to agro innovation, according to Birla. “As an investor, it is wonderful to witness Uttar Pradesh undergo a transformation in the last few years under the leadership of Chief Minister Yogi Adityanath and the supervision of Honourable Prime Minister Shri Narendra Modi ji,” he said.