Kathmandu, Feb. 28
Murarka Group, a Nepali conglomerate
with diversified industrial and business portfolio, has collaborated with
Somany Ceramics, an Indian company that specialises in ceramics and allied
product segment, for a joint venture to establish a manufacturing facility in
Nepal.
The two companies announced the new venture at a programme
organised in Kathmandu the other day.
This joint venture between Murarka Group and Somany will operate
and manage a tile manufacturing facility with an annual capacity of around 3
million square meters in Nepal, said Pashupati Murarka, Managing Director of
Murarka Group.
Speaking about the collaboration Murarka said, “The Murarka
group is always committed to providing quality products and services to its
customers. This collaboration will fulfil the need for quality and standard
tiles in the Nepali market. It will contribute to the economic upliftment of
the country as well as create significant employment opportunities.”
Similarly, Abhishek Somany, Managing Director and CEO of
Somany Ceramics, said that the new company will introduce its product in Nepali
market within a year.
"Somany ceramics has been manufacturing high-standard
quality tiles suitable for residential and industrial purposes all over the
world and I hope it will set a benchmark of standard in the Nepali Market as
well,” he said.
According to him, Somany Ceramics is a leading player in the Indian Ceramic Industry
with a global presence in the areas like Africa, Middle East and Mexico. The
company has its manufacturing plants in Gujarat,
Haryana and Seemandhra, India, with a total access to capacity of 74 million
square metres annually.
Its range of products include – ceramic
wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, industrial
tiles, sanitaryware and bath fittings as well as tile laying solutions.
The Murarka Group has been operating since 1946 and has a range
of investments in industries such as cement, steel, automobile, consumer
technology, finance, and education.
Published in The Rising Nepal daily on 29 February 2023.
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