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Aditya Birla Group eyes further investments in US manufacturing and R&D
Industry News- Nov 12,24
Aditya Birla Group, a prominent player in the U.S. metals and chemicals sectors through subsidiaries like Novelis and Aditya Birla Chemicals, announced a $50 million investment earlier this year for a new manufacturing and R&D center in Texas.
Kumar Mangalam Birla, Chairman, Aditya Birla Group expressed plans to expand investments in the United States, citing the favorable stance President-elect Donald Trump has shown towards India in the past. Speaking at the Aditya Birla Group's scholarship program's silver jubilee celebration in Mumbai, Birla highlighted the group’s optimism regarding future opportunities in the U.S. under Trump’s leadership, noting the strong rapport between Trump and Indian Prime Minister Narendra Modi.
Aditya Birla Group, a prominent player in the U.S. metals and chemicals sectors through subsidiaries like Novelis and Aditya Birla Chemicals, announced a $50 million investment earlier this year for a new manufacturing and R&D center in Texas. The group is also on schedule to begin operations at its high-tech recycling and rolling facility in Alabama, expected to open in the next fiscal year.
While Birla believes it’s too soon to predict the full impact of Trump’s return on the industry, he emphasised that the previous administration’s pro-business policies were beneficial. Additionally, he confirmed that the group’s turnaround strategy for Vodafone remains on track.
(ET)
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