Ramesh Corp & Kajaria Ceramics signs equal joint venture to set up the largest tiles manufacturing plant in Nepal

KATHMANDU: Kajaria Ceramics Ltd, India’s No. 1 tile company and the 7th largest in the world, and Ramesh Corp., a leading Nepalese conglomerate and business group, announce an equal joint venture to manufacture tiles in Nawalparasi, Nepal.

According to the agreement, the companies will build the world’s largest tile manufacturing plant, with an annual capacity of 8 million square meters. The signing ceremony took place in Kathmandu in the presence of dignitaries from both groups.

Mr. Pratik Jalan, Executive Director of Ramesh Corp, and Mr. Ashok Kajaria, Chairperson/Managing Director of Kajaria Ceramics Ltd, signed joint venture agreements in the amount of 50:50. The agreement was made on behalf of the respective company to establish a cutting-edge manufacturing plant in Nepal.

The plant, which will produce ceramic and vitrified tiles, will have a production capacity of eight million square meters and is scheduled to open by the end of 2023. The new plant will serve Nepalese markets first, with the goal of becoming export-ready in the future. Furthermore, the key raw materials available in Nepal will be used in the production of the tiles.

Regarding the new facility, Mr. 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 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.”

Mr. 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 Tiles and Products will be available at a very competitive price.”

Mr. Rohit Gupta, Vice-Chairperson, Ramesh Corp Further added “Ramesh Corp is committed to the Government of Nepal’s vision of Industrializing Nepal. We have made substantial investments, and we will continue to make more investments in the country. This Joint Venture will enable more similar opportunities in Nepal in the near future.”