Billionaire Kumar Mangalam Birla is looking to invest as much as $30 billion, undeterred by multiple global crises which he acknowledged have made investment decisions tougher for his metals-to-retail empire.
“You either grow or you go down; you can’t stay in a state of equilibrium,” the chairman of the Aditya Birla Group said at the Bloomberg New Economy Forum in New Delhi Tuesday. The Group, which generates over a third of its business overseas, is planning this investment over the next two to three years across businesses in India and overseas, he said on the event’s sidelines.
