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

23 Jul 2021 CW Team

Aditya Birla Group is set to invest Rs 700 crore to set up paint manufacturing industries in Uttar Pradesh.

Uttar Pradesh Chief Minister Yogi Adityanath took to Twitter to announce on Monday that the Aditya Birla Group will be setting up industrial units to manufacture paint in Uttar Pradesh.

As reported to the media, the company showed keen interest in investing in the state eight months ago. An offer was made to sanction land in Gorakhpur’s Bhiti Rawat, after which the representatives of the company met K Vijayendra Pandian, Gorakhpur District Magistrate.

The Gorakhpur Industrial Development Authority (GIDA) approved the project, which will span across 70 acres in Bhiti Rawat. Additionally, the manufacturing unit will employ more than two thousand people.

The development fee was waived off, enabling the company to grow the land according to its requirements.

The administration is hopeful that the arrival of the Aditya Birla group will uplift the entire region. K Vijayendra Pandian, District Magistrate, told the media that the Aditya Birla Group would make a significant investment of about Rs 700 crore in the Gida area, and for this, the land will be made available by GIDA.

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Also read: Asian Paints Q1 FY22 profit doubles to Rs 574.30 crore

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