Deals
Billionaire Who Shunned India Does U-Turn on Modi Overhaul
This article is for subscribers only.
Less than two years after calling India a risky place to invest, billionaire Kumar Mangalam Birla has changed his mind. The reason: Prime Minister Narendra Modi.
“There’s a new sense of excitement,” Birla, 47, who heads India’s $40 billion Aditya Birla Group named after his father, said in an interview in Mumbai. “From not being there on our list of potential countries to invest in, to coming right back up on top again -- that is a big deal.”