The Financial Times Ltd 2011
India’s Birla plans $17bn global expansion
Edited by : AL CIRCLE
1 min read
Two of India’s largest family-run groups plan to invest billion of dollars around the globe as they seek to boost revenues by expanding in fast-growing emerging markets and by acquiring distressed assets of companies based in developed markets.
Aditya Birla Group, India’s aluminium-to-retail and mobile telephony conglomerate, plans investments of $17bn across its 33 companies aimed at almost doubling the group’s revenues to $65bn by 2015.
The 44-year-old Mr Birla said the majority of the investment – about $10bn – would go to developing greenfield projects at its aluminium companies among others, needed to meet the nation’s rising demand for construction materials for nascent infrastructure projects.
Aditya Birla Group, India’s aluminium-to-retail and mobile telephony conglomerate, plans investments of $17bn across its 33 companies aimed at almost doubling the group’s revenues to $65bn by 2015.
The 44-year-old Mr Birla said the majority of the investment – about $10bn – would go to developing greenfield projects at its aluminium companies among others, needed to meet the nation’s rising demand for construction materials for nascent infrastructure projects.
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