Aditya Birla Group mulls investment in Vietnam textile industry

(VOV) - Indian billionaire Kumar Mangalam Birla is mulling over a plan to invest in Vietnam to tighten his grip in the textile industry.

A delegation of representatives from the Aditya Birla Group recently began a due diligence visit to Vietnam to evaluate specific investment opportunities in the weaving and dying segments of the industry.

Aditya Birla is the third largest multi-national group in India with nearly 50 subsidiaries operating in the fields of clothing and textiles, financial services, telecommunications in 40 nations around the globe.