scorecardresearch
Sunday, Jan 29, 2023
Advertisement

Aditya Birla Group to invest in paint sector: West Bengal Govt

State government sources said that on Thursday, a team from the Aditya Birla Group led by Sunil Bajaj, Group Executive President and Sri Ajith Kumar K, Chief Operating Officer (COO), New Projects and met the state Chief Secretary.

The Aditya Birla Group will invest Rs 1000 crore for this unit and at least 600 direct jobs will be generated.

THE WEST Bengal government on Thursday announced that the Aditya Birla group has agreed to invest in the state in the paint business.

The industry department released a statement that said, “Aditya Birla Group (ABG), a global conglomerate, in the Fortune 500 companies, is venturing into paint business. The Group had written to the Honourable Chief Minister on October 4, 2021, with their interest to set up a Paint Manufacturing unit in Bengal.”

State government sources said that on Thursday, a team from the Aditya Birla Group led by Sunil Bajaj, Group Executive President and Sri Ajith Kumar K, Chief Operating Officer (COO), New Projects and met the state Chief Secretary.

The statement added, “The Group has shown interest to set up a water-based and solvent and have requested for allotment of land for decorative paint unit with backward integration on 80 acres in Vidyasagar Park. They would also set up their ancillary units. The project involves investment of Rs 1000 crore from ABG. The Paint Unit itself would provide employment for 600 people and indirect employment for over 1,500 people would be created.”

Subscriber Only Stories
At the end of the Bharat Jodo Yatra
Why BharOS has Indian developers excited and sceptical: ‘More choice is g...
UPSC Essentials | Weekly news express with MCQs: Republic Day, India-Egyp...
As India prepares for centralised power market shift, EU moves a differen...

The statement also said, “The Group thanked Honourable Chief Minister and the state government for their prompt and proactive support.”

The plant will be built in Kharagpur Vidyasagar industrial park and will be commissioned 18-24 months. The plant and
its allied units will be built in 80 acres of the industrial park.

The Aditya Birla Group will invest Rs 1000 crore for this unit and at least 600 direct jobs will be generated.

First published on: 22-10-2021 at 04:48 IST
Next Story

Explained: With markets likely to stay strong with some correction, weighing the hybrid funds option

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement
close