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Nepal billionaire plans to set up UIS $ 75mn cement plant in Jaffna

20 May 2013 08:25 am - 1     - {{hitsCtrl.values.hits}}

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Nepal's first Forbes billionaire, Binod Chaudhary has submitted a proposal worth of US $ 75 million to the Sri Lankan government to set up a state-of-the-art cement plant in Jaffna Peninsula, a statement issued by Chaudhary's office said.

In Sri Lanka, Chaudhary has an estimated US $ 200 million investments, including projects underway and proposed.

Even before Forbes placed Binod Chaudhary in its 2013 Annual Global Rich List, his love affair with Sri Lanka had begun with a foray into Colombo in the year 2000, when he acquired a substantial stake in the Taj Lanka Hotels, Sri Lanka.

Chaudhary’s company Cinnovation also entered into a joint venture with the Jetwing Group where two of its signature properties, Jetwing Vil Uyana and Jetwing Sea have benefited with substantial investments.
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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  • Prasad Wickramasingh Monday, 20 May 2013 01:21 PM

    wow!


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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.