The proposed entry of foreign cement giants has set off an expansion drive among domestic factories worried that they will be swamped when these multi-million dollar projects begin production.
Dangote Cement of Nigeria, Hongshi and Huaxin of China and Reliance Cement of India have been okayed to start operations in Nepal. Their combined foreign direct investment (FDI) amounts to $1.45 billion and their proposed output stands at 22,000 tonnes daily.
The foreign companies have planned to jack up their capacity further which has led to unease among domestic cement manufacturers.
President of the Cement Manufacturers
आषाढ़ ७ गते, २०७३ मा प्रकाशित
