Two Indian companies with interests in cement have made significant commitments to invest in Gujarat at the Vibrant Gujarat Summit in Gandhinagar. The Aditya Birla Group announced plans to invest Rs.20 000 crore in the state in projects including a brownfield expansion at its Sewagram cement plant. Kumar Mangalam Birla told press that Gujarat is a preferred investment destination in India, saying the company is ‘greatly impressed by the proactive approach of government of Gujarat’. Meanwhile, Reliance Industries Chairman Mukesh Ambani announced that the company plans to invest Rs.100 000 crore across its businesses in the state over the next 12 – 18 months.
The Sewagram cement plant was part of the acquisition by Aditya Birla’s UltraTech Cement from Jaypee Cement. Sewagram is an integrated cement plant with a capacity of 2.4 million tpa. UltraTech Cement has plans to increase its total capacity across India to 70 million tpa by early 2016.
Edited from various sources by Katherine Guenioui
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