Aditya Birla Chairman Predicts Major Growth in Building Materials Business

21 Aug 2024 CW Team

Aditya Birla Group Chairman Kumar Mangalam Birla has expressed optimism about the future of the building materials business, anticipating substantial growth in the sector. Speaking at the company's annual general meeting, Birla emphasised that rising infrastructure and real estate developments across India will drive the demand for building materials.

The Group?s building materials division, which includes cement, paints, and aluminium products, is expected to benefit from the surge in construction activities. Birla highlighted the government's focus on infrastructure projects, affordable housing, and urbanisation as key growth drivers. These initiatives are expected to create an increased demand for quality construction materials, providing a significant boost to the company's business.

Additionally, the Group is investing in research and development to introduce sustainable and innovative building materials. This focus on eco-friendly products aligns with the global shift towards greener construction practices. Birla noted that as environmental concerns grow, the demand for sustainable building materials will only increase.

The Aditya Birla Group plans to leverage its strong market presence and technological advancements to capitalise on these emerging opportunities. With a diversified portfolio in the construction materials sector, the company is well-positioned to meet the rising demand and contribute to the nation?s growth.

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