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