Chennai, Oct 3 (SocialNews.XYZ) Ceramic and vitrified tiles major, Kajaria Ceramics Ltd has decided to foray into Nepal with a manufacturing plant in joint venture with a local partner.
The Board of Rs 3,299 crore company on Monday gave its nod to invest Rs 125 crore (50 per cent of the project cost) in a company to be incorporated in Nepal.
The investment will be by way of equity and/or loan, for establishing a manufacturing facility in Nepal partnering with various individuals affiliated with Ramesh Corp, Nepal.
According to Kajaria Ceramics, the proposed plant in Nepal will have an annual capacity of 8 million square metre (MSM).
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
