Looking To Invest Further: Kumar Mangalam Birla’s Big Plans For The US Market

Following US Secretary of Commerce Howard Lutnick's speech, Birla said that Lutnick was "very positive" about the India-US equation and the future of the two nations

US Secretary of Commerce, Howard Lutnick, expressed optimism about a potential trade deal between the United States and India

Source : Aditya Birla Group

Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, on Tuesday expressed optimism regarding more investments in the United States.

Speaking with ANI, on the sidelines of the US-India strategic partnership forum, Birla said, "We have a cumulative investment of about 15 billion dollars here in the US. We are by far the largest investor from India in the US. Ours has been a very good experience. We've been here for about 16 years, and we look to invest further going forward".

Birla also highlighted Novelis' (the wholly owned US unit of Aditya Birla Group company Hindalco Industries) investment in a greenfield low-carbon aluminium recycling and rolling plant in Bay Minette, Alabama, USA. The aim of this project is to support the strong demand for aluminium beverage packaging and automotive solutions.

While talking to ANI, he also mentioned, "We have an ongoing greenfield project in Alabama, which is an investment of 4 billion dollars. That is the largest greenfield project we have ever invested anywhere in the world."

Following US Secretary of Commerce Howard Lutnick's speech, Birla said that Lutnick was "very positive" about the India-US equation and the future of the two nations.

US Secretary of Commerce, Howard Lutnick, expressed optimism about a potential trade deal between the United States and India, highlighting the strong relationship between the two countries.

In a video clip posted on X from the event, Lutnick said, "I spoke at the U.S.-India Strategic Partnership Forum Annual Leadership Summit tonight. We have a great relationship between our countries. I'm optimistic for a trade deal soon that will benefit both nations."

A few days back, the United States announced the expansion of its security partnerships with India through robust military exercises while emphasising the amplification of its cooperation within the QUAD and other multilateral frameworks. 

(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)