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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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  Comments - 1

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka
  • Prasad Wickramasingh Monday, 20 May 2013 01:21 PM

    wow!


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Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

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