The Investment Board of Nepal (IBN) has approved a proposal by Shivam Cement and Hongshi Holding Group of China to invest NPR 36 billion (€319.28 million/US$350.50 million) to build a cement plant with capacity of 6,000tonnes/day.
It is expected that over 2,000 people will be hired during the cement plant's construction.
Reliance Infrastructure Company of India and Dangote Group of Nigeria have also received IBN's approvals to invest in the country.
The Investment Board of Nepal (IBN) has approved a proposal by Shivam Cement and Hongshi Holding Group of China to invest NPR 36 billion (€319.28 million/US$350.50 million) to build a cement plant with capacity of 6,000tonnes/day.
It is expected that over 2,000 people will be hired during the cement plant's construction.
Reliance Infrastructure Company of India and
