Mr Kumar Mangalam Birla, chairman of the Aditya Birla Group, has said its retail chain business plans to scale it up to 172 supermarkets and 10 hypermarkets at an investment of Rs 525 crore. At present, the Aditya Birla Retail has 123 supermarkets and two hypermarkets.
Speaking at the Advantage Karnataka Global Investors Meet in Bangalore, Mr Birla spoke about various activities and investments made by the group in Karnataka. On the viscose staple fibre (VSF) expansion project, he said that the group will invest Rs 350 crore in a brown-field project at Harihar.
On Madura Garments, a division of Aditya Birla Nuvo which has continuously been voted as India’s most admired apparel company, Mr Birla said: “Madura Garments is a pioneer in making Karnataka the heart of apparel manufacturing and branding.”
He added: “We already have eight factories, five of which cater to customers in India and three dedicated factories for exports to the United States and the European Union besides 28 outlets in the state.”
Over the next four years, said Mr Birla, the company plans to double production capacity of Madura Garments at an incremental investment of Rs 200 crore.
|
|
|
|
