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CG To Produce Cement In India And Sri Lanka

  1 min 15 sec to read

Ch a u d h a r y chaudhary group Group (CG) is planning to establish cement factories in Sri Lanka and India. Though CG has expanded its ventures in almost a dozen countries, this is the first time the group is setting up cement factories abroad.

CG will be establishing industry in Sri Lanka in jointventure with the local private sector partners while talks are ongoing to decide whether to take local or foreign partner, informed Rebant Dhakal, Deputy General Manager of CG’s Corporate Affairs Department. The plan is to set up the plants in Jaffna of Sri Lanka and Guwahati of India.

According to a source at CG, the procedure of establishing these factories began two years ago and it was delayed because of the time consumed in garnering support from the local communities and associations. According to Dhakal, preliminary studies for establishing the factories in both the countries have been completed. However, the size of the factories and investment are yet to be finalised.

The proposed sites have limestone deposits enough for producing cement for 80 years. Investment in these factories will be made through CG’s associate companies outside Nepal as Nepal law prohibits Nepali companies to directly invest in other countries. CG is also planning to set up cement factories in Nawalparasi and Palpa districts within Nepal.  

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