According to local press, the Nepal Investment Board, which is led by Prime Minister Sushil Koirala, has approved the Reliance Group’s proposal to build a cement plant in the country. The Indian cement producer plans to invest US$400 million in the new plant, which will be located in the south of the country. As per the reports, the Reliance Group is due to conduct a study into the establishment of the plant in the central or eastern Terai region of Nepal’s southern plains.
The Board has also approved a hydropower project by India’s Satluj Jal Vidyut Nigam Limited.
Edited from various sources by Louise Fordham
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/24112014/nepal-reportedly-grants-approval-for-reliance-group-cement-plant-896/
