Aditya Birla Group chairman Kumar Mangalam Birla has proposed to invest ₹50,000 crore in Rajasthan across its businesses over the next few years. “Across our businesses, we are committed to scale up our investments. I foresee our group investing ₹50,000 crore in the next few years spanning cement, renewables, telecom, and retail,” he said while speaking at the Rising Rajasthan Global Investors Summit in the presence of Prime Minister Narendra Modi.

The conglomerate, engaged in metals and mining, cement, telecom, renewables, fashion retail, and textile businesses, plans to invest ₹6,000 crore in renewable energy projects in the state over the next 1-2 years. Adding to it, the group’s cement arm, UltraTech Cement, plans to increase its production capacity in Rajasthan by 10 million tonnes. Currently, it has a production capacity of 20 million tonnes in the state.

Besides, AB Group’s jewellery business is also planning to set up a small manufacturing unit in the state to strengthen its operations across the country.

Speaking at the event, Birla also highlighted his family's deep-rooted connection with Rajasthan, saying that the company’s journey began in Pilani, the birthplace of industrialist GD Birla, who built the foundations of Birla Group. “From our roots in Pilani, we have grown into a $65 billion global conglomerate with a presence in 41 countries across six continents,” he said.

He added that six of the AB group’s businesses had a major presence in Rajasthan, employing over 25,000 people.

The Rising Rajasthan Global Investors Summit saw several big industrialists of the country announce major big ticket investments. While Adani Group announced to invest ₹7.5 lakh crore in the state, Mahindra Group’s solar division also unveiled ₹11,000 crore investment plan.