India’s Business Standard reports that the Aditya Birla Group is aiming to double its revenue to $60 billion in the next five years by expanding its presence abroad. The expansion will be based in part on acquisitions in emerging regions with ‘good growth trajectory,’ including East Europe, South America, South East Asia, and China.
“The downturn has given opportunity for consolidation and growth in new markets; so in the next 12 to 24 months we plan to establish our globalisation trajectory,” said Dev Bhattacharya, group executive president, corporate strategy and business development, at Aditya Birla Management Corporation.
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