Aditya Birla invests Rs 1,500 cr in Punjab for cement, paint units
Real Estate

Aditya Birla invests Rs 1,500 cr in Punjab for cement, paint units

Aditya Birla Group is investing around Rs 1,000 crore for its recent foray into the paints segment in Punjab and investing another Rs 500 crore in setting up a cement unit at Rajpura in the state.

Punjab Chief Minister Amarinder Singh told the media that this investment would boost industrial activity within the region after handing over a land allotment letter for 61 acres of land at the price of Rs 147 crore within the recently developed Hi-Tech Valley Ludhiana.

Additionally, he mentioned Punjab proposes a pleasant climate to prospective entrepreneurs and industrialists due to peaceful labour joined with robust infrastructure in terms of excellent road, rail and air connectivity.

He said Punjab has emerged as the country's most preferred investment destination due to its pro-investor industrial policy and lucrative incentives. According to an official statement, being a one-stop shop, 'Invest Punjab' has smoothly facilitated picking up massive investments worth Rs 91,000 crore in over 2,900 project proposals received during the past four years.

The state has been able to attract such meaningful investments even during the increase of the Covid-19 pandemic, and out of those investments, nearly 50% have already started commercial production.

Kumar Mangalam Birla, Aditya Birla Group Chairman, joined the meeting virtually from Mumbai, affirmed faith in Punjab's industrial ecosystem, forward-looking industrial policies and a non-intrusive government interface.

Additionally, Birla told the chief minister that the upcoming paint manufacturing unit is going to generate around 1,500 indirect job potential and direct employment of over 600 people through its operations.

Birla also said that this upcoming plant would have the best environment security systems and best-in-class safety having zero liquid discharge and that they are looking forward to continued support to establish more such ventures like this in the future.

Image Source


Also read: Aditya Birla Group to invest Rs 700 cr for paint industries in UP

Aditya Birla Group is investing around Rs 1,000 crore for its recent foray into the paints segment in Punjab and investing another Rs 500 crore in setting up a cement unit at Rajpura in the state. Punjab Chief Minister Amarinder Singh told the media that this investment would boost industrial activity within the region after handing over a land allotment letter for 61 acres of land at the price of Rs 147 crore within the recently developed Hi-Tech Valley Ludhiana. Additionally, he mentioned Punjab proposes a pleasant climate to prospective entrepreneurs and industrialists due to peaceful labour joined with robust infrastructure in terms of excellent road, rail and air connectivity. He said Punjab has emerged as the country's most preferred investment destination due to its pro-investor industrial policy and lucrative incentives. According to an official statement, being a one-stop shop, 'Invest Punjab' has smoothly facilitated picking up massive investments worth Rs 91,000 crore in over 2,900 project proposals received during the past four years. The state has been able to attract such meaningful investments even during the increase of the Covid-19 pandemic, and out of those investments, nearly 50% have already started commercial production. Kumar Mangalam Birla, Aditya Birla Group Chairman, joined the meeting virtually from Mumbai, affirmed faith in Punjab's industrial ecosystem, forward-looking industrial policies and a non-intrusive government interface. Additionally, Birla told the chief minister that the upcoming paint manufacturing unit is going to generate around 1,500 indirect job potential and direct employment of over 600 people through its operations. Birla also said that this upcoming plant would have the best environment security systems and best-in-class safety having zero liquid discharge and that they are looking forward to continued support to establish more such ventures like this in the future. Image Source Also read: Aditya Birla Group to invest Rs 700 cr for paint industries in UP

Next Story
Infrastructure Urban

Six Bidders Vie for Rs 572 Bn Jaiprakash Associates

The scramble to rescue Jaiprakash Associates Ltd (JAL), the flagship of the debt-laden Jaypee Group, reached a decisive stage on Tuesday as the window for resolution plans shut with at least six suitors in the fray. Industry sources say Adani Enterprises, Vedanta Group, Dalmia Bharat, Jaypee Infratech (backed by the Suraksha Group), Jindal Power and PNC Infratech have all lodged bids. Jaypee Infratech confirmed its submission but declined to reveal details.Lenders will open and assess the offers at a Committee of Creditors meeting today. Although bid values remain under wraps, the National Ass..

Next Story
Infrastructure Urban

Delhi Orders Urgent MAMC Hostel Repair and Safety Upgrade

Delhi Chief Minister Rekha Gupta has instructed multiple departments to overhaul hostel infrastructure and enhance student safety at Maulana Azad Medical College (MAMC). Chairing a high-level meeting at the Delhi Secretariat with Public Works Department, Health officials and student representatives, the Chief Minister demanded immediate repairs to ageing hostel blocks, new high-intensity LED lighting, round-the-clock CCTV coverage and a larger security presence.She also ordered a special drive to clear illegal encroachments around the campus and fast-track plans for an additional hostel, delay..

Next Story
Infrastructure Transport

Vikaspuri Road Upgrade, Tree Drive to Boost Delhi Constituency

Delhi’s Health and Transport Minister Pankaj Kumar Singh has broken ground on the long-awaited Baprola Village–Harphool Vihar road while leading a record plantation of 501 saplings under the “Ek Ped Maa Ke Naam” campaign. He said the two initiatives reflect the capital’s “people-centric governance”, promising safer, faster and more dignified daily life for residents.The rebuilt thoroughfare will ease commutes for Baprola Village, G-2 Jai Vihar, Prashant Enclave, Bajrang Chowk and Harphool Vihar, directly benefiting an estimated three thousand to three thousand five hundred school..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?