Skip to main content

Aditya Birla Group to invest Rs7,000 crore in Andhra Pradesh over next two years

The fresh round of investments will be in addition to the Rs10,000 crore the group has already invested in the southern state in sectors including retail, telecom and cement
Visakhapatnam: Aditya Birla Group on Friday said it will invest Rs 7,000 crore in the next two years in Andhra Pradesh, one of the first big-ticket announcements at the start of the second edition of the state’s partnership summit with the Confederation of Indian Industry (CII).
The fresh round of investments would be in addition to the Rs 10,000 crore the group has already invested in the southern state in sectors including retail, telecom and cement.
The AP government is expecting to sign over 400 memorandums of understanding (MoU) in the two-day event valued at over Rs 7 trillion across sectors such as aerospace and defence, oil and natural gas, automobiles, life sciences, electronics, energy and minerals.
The new investments would help expand existing businesses, Kumar Mangalam Birla, chairman of the Aditya Birla Group, group said on Friday.
“We are acquiring a 5 million tonnes per annum plant at an investment of Rs 3,000 crore located near Amravati city,” Birla said, adding that the company had set up a 5.6 mtpa plant in the state already.
The group has been aggressively expanding its business interests across the country in recent times. It had committed investment of Rs 20,000 crore in Madhya Pradesh in October in sectors like cement, retail and telecom.
On the first day of the summit, a total of 128 MoUs were signed between the state and various companies amounting to Rs4.25 lakh crore, Palle Raghunatha Reddy, the state information and public relations, IT and communications minister said on Friday.
He said this includes 68 MoUs worth Rs4,900 crore worth of investments into the IT department alone which would help create up to 49,000 jobs.
“AP has abundant land, ranked number one in ease of doing business, 24/7 power and talent pool, which makes it very attractive for everyone to invest,” Reddy told reporters.
Union minister for petroleum Dharmendra Pradhan announced investments of Rs78,000 crore by Oil and Natural Gas Corp. Ltd (ONGC), Rs 40,000 crore by HPCL and GAIL.

Readers Choice

Lead Your Team Into a Post-Pandemic World

During the Covid-19 crisis, I’ve spoken with many CEOs who have shared that a key priority for them, naturally, has been the safety and well-being of their employees. And there are many examples of inspiring actions taken by CEOs and companies in support of their employees. But as we’ve come to recognize that this crisis will last more than a few short weeks, companies are now defining their approach for the long haul. I’ve seen two crucial ideas take hold with corporate leaders. One: Given the magnitude of the shock and the challenges that this crisis represents, companies must consider the full breadth of their employees’ needs as people. Safety is essential, of course, but it’s also important to address higher-level needs such as the want for truth, stability, authentic connections, self-esteem, growth, and meaning in the context of the crisis. Two: Many CEOs have begun thinking about this crisis in three phases. They may assign different names or specific lengths to t
Read more

List of Cloud Certifications

Cloud certifications and Cloud computing certifications are very young, but their value grows so fast. Managers and IT specialist want to extend their knowledge about neutral cloud topics, but also vendor-specific implementations. Few of them, like Arcitura Education with the CloudSchool program, CompTIA or EXIN created vendor neutral certifications. The biggest vendors like VMware, HP, EMC, Microsoft and IBM have in their portfolio also Cloud certifications, that help you prove your skills about products and technologies. On the horizon we can see other vendors like Huawei or Cisco with new certifications. Strong cloud skills are for sure a good trend for companies (on the management level) and also engineers or IT architects. List of Cloud Certifications 52 Certifications 13 Vendors Amazon AWS Amazon AWS has in the offer three certifications and works on new ones. At this moment you can pass exams on associate level for architects, developers and SysO
Read more

Twenty Smart Business Buzzwords

Some words may grate on your nerves, but business leaders are still using "disrupt," "synergy" and "ideate." You should too. Spend any amount of time in a corporate environment and you'll likely notice there are some words that seem to come up on a daily basis. Certain verbiage becomes part of the  corporate culture  and soon, you may feel as if you need to use it to fit in. While they can change from one day to the next, most corporate buzzwords have a positive meaning. They're used to boost morale and motivate everyone involved in the conversation. Here are 20 of the top business buzzwords that you should make an effort to work into your vocabulary. 1. Impact Impact is a powerful word that has become a favorite of business professionals.  Grammarians argue  that the word is being used improperly, urging you to use "affect" instead, but businesses love it. 2. Corporate Synergy Half of the people who use this term likely
Read more