Nepal's Ramesh Corp, India's Kajaria form joint venture

KATHMANDU, NOVEMBER 06 : Kajaria Ceramics Ltd, and 7th  largest in the world, and Ramesh Corp have formed a 50-50 joint venture for the greenfield project of manufacturing tiles in Nawalparasi, Nepal. The former is India’s No. 1 tile company and 7th largest in the world while the latter is a leading conglomerate and business group of Nepal, it is claimed. 

An agreement related to the joint venture was today signed by Pratik Jalan, Executive Director, Ramesh Corp, and. Ashok Kajaria Chairman/Managing Director, Kajaria Ceramics Ltd ​​​​​​​in a program in the capital.

 The companies, according to the deal,  will set up the largest tiles manufacturing plant with an annual capacity of 8 million square meters. 
. The plant meant is expected to begin operation by the end of 2023

Speaking at the occasion, Ashok Kajaria said, “Nepal has always been an important market for us. We have been present here for more than two decades and this step will further strengthen our presence in the Nepal market. This project is expected to launch immediately, with the plant being commissioned by the end of 2023. We want our world-class products to be available in Nepal at a very competitive price."

"We are sure that this facility will become iconic in Nepal’s tile industry for using state-of-the-art technology, setting standards for quality, efficiency, safety, and environmental awareness.”

Similarly, Pratik Jalan said “This will be a landmark project in Nepal with substantial value addition along with employment generation in the country. The Plant will be a world-class manufacturing plant for the tile products that will be available at a very competitive price.”