KACHARAGADLA

The fresh round of investments will be in addition to the Rs10,000 crore the group has already invested in the southern state in sectors including retail, telecom and cement Visakhapatnam:  Aditya Birla Group on Friday said it will invest Rs 7,000 crore in the next two years in Andhra Pradesh, one of the first big-ticket announcements at the start of the second edition of the state’s partnership summit with the Confederation of Indian Industry (CII). The fresh round of investments would be in addition to the Rs 10,000 crore the group has already invested in the southern state in sectors including retail, telecom and cement. The AP government is expecting to sign over 400 memorandums of understanding (MoU) in the two-day event valued at over Rs 7 trillion across sectors such as aerospace and defence, oil and natural gas, automobiles, life sciences, electronics, energy and minerals. The new investments would help expand existing businesses, Kumar Mangalam Birla, chairman of t