November 8: Ramesh Corp, a business house of Nepal, and Kajaria Ceramics Limited of India are preparing to establish a tile industry in Nepal with joint investment. The two companies have set up a goal to operate the tile industry by the end of 2023.
According to the information posted by Ramesh Corp on its website on Monday, the industry will be built with joint investment of Rs 4 billion.
As per the agreement between Ramesh Corp and Kajaria Ceramics, the new tile industry will produce 800,000 square meters of tiles and other ceramic products annually. The company claims that the proposed tile industry will be the largest in Nepal and will be operated in Nawalparasi through a joint venture.
According to Ramesh Corp, the industry will not only meet the demand for tiles in the domestic market of Nepal but will also export tiles and other products in the near future.
The company informed that the products produced by the industry will be available at competitive prices.
Ashok Kajaria, president of Kajaria Ceramics, who claims his company to be the seventh largest tiles company in the world, said that Nepal is an important market. Stating that the company has been present in the Nepali market for two decades, he said that the establishment of the tile industry and joint investment will further strengthen the industry.
Ramesh Corp has been investing in various sectors of the country for 50 years. Having invested in cement, hydropower, mining, real estate and other sectors, Ramesh Corp has ventured into the tile industry. Similarly, Kajaria, which has been in business for 34 years, is producing tiles and ceramics products from eight plants in India.
Nepal has been importing large quantities of tiles from different countries. It is said that the consumption of tiles, marble, granite and other bathroom accessories is increasing every year due to rapid urbanization and the people’s aspiration of living in modern houses with better facilities.replica watch sitespatek philippe dupesteve trevor watch replicarwi replica watch forum
