Aditya Birla Group Eyes Further US Investments Amid Positive Trump Stance
Aditya Birla Group Chairman Kumar Mangalam Birla announces plans for further investments in the US. Encouraged by Trump's positive relationship with India, the group sees opportunities in their metals and chemicals sectors. A USD 50 million investment in Texas highlights their commitment to expansion.
- Country:
- India
Kumar Mangalam Birla, Chairman of the Aditya Birla Group, expressed intentions to increase investments in the United States, citing favorable inclinations from President-elect Donald Trump towards India.
Birla mentioned their strong industrial presence through Novelis and Aditya Birla Chemicals, coupled with an announced USD 50 million investment in Texas for manufacturing and R&D.
While noting it's too soon to judge Trump's next term, Birla remains optimistic due to his prior industry-friendly policies. The group's recycling plant in Alabama is set to begin operations next fiscal year as scheduled.
(With inputs from agencies.)
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