Yash Birla Group to invest Rs 13,000 crore in Andhra Pradesh

Largest investment to be made by a conglomerate in Andhra Pradesh

Hyderabad|India|January'2012: The Yash Birla group has submitted a proposal to the Andhra Pradesh government for setting up an international-standard sports city in its Pearl city- Hyderabad. Mr. Yash Birla met Andhra Pradesh Chief Minister N Kiran Kumar Reddy with a proposed investment plan of Rs. 13,000 crore. The Group proposed to invest Rs 10,000 crore for a polysilicon -plant by Power solutions. The company will be producing Solar grade Polysilicon, Silicon Wafers, Solar Photovoltaic Cells, Solar Photovoltaic Panels at the plant.

The Yash Birla Group has sought 450 acres near the Rajiv Gandhi International Airport at Shamshabad and another 250 acres for a wellness centre. This project would be the largest investment made in the state by any conglomerate making it a one-of-a-kind venture. The capital will be generated through private equity dilution, internal accruals and proposed IPO.

A Global Integrated Ayurvedic village by Birla Wellness and Healthcare division will be set up with an investment of Rs. 1,000 crore. This investment will house an integrated Ayurvedic Centre promoted by Birla Wellness and Healthcare division, which will provide ayurvedic products and services to offer comprehensive range of both preventive and curative treatments. The total project investment would be Rs 750 crore. The Integrated Ayurveda Complex would generate employment opportunities for 4,500 people.

Birla Edutech is aiming for a sports city with an investment of Rs. 2000 crore. The sports city will have all kinds of sports infrastructure along with a manufacturing centre and a wellness centre. At the facility, local sporting talent will be developed to match international standards. The sports city aims to be a leading development project with a distinct focus on sport and sporting excellence that will attract local, regional and international participants. The complex will have facilities built to specifications for international sports bodies and will host academies for swimming, track and field, volleyball, tennis, golf, badminton courts among others. The project will include high rise towers, banks, business centres and shopping malls making it completely self- sufficient.

Delighted on making the announcement, Mr. Yash Birla, Chairman - The Yash Birla Group said,” Our investment is part of Yash Birla Group plan to develop the sports sector in Andhra Pradesh. This will not only be the single largest investment made by the Yash Birla Group but will also boost sunrise sectors- alternative energy, healthcare and education in the state. Our constant endeavor has been to innovate and deliver the best lifestyle experience to the society. With this common goal in mind our group companies have willingly offered their products and services to make this dream like venture a reality.”

The Yash Birla Group is an INR 30 Million conglomerate of over 20 diversified companies which run the gamut from established sectors like Auto & Engineering, Textiles & Chemicals and Power & Electricals to emerging sectors of today like Wellness & Lifestyle, Education & IT. Today the group has 10 listed entities in India.