Lucky planning for a cement plant in India
Lucky Cement, Pakistan's largest cement maker and exporter, mulls over setting up a manufacturing plant in India. The statement from the spokesperson came since India has allowed foreign direct investment (FDI) from its western neighbour three months ago in an attempt to strengthen business and economic ties between the estranged neighbours. The company has been exporting the building material to India.
"Currently, Lucky Cement is contemplating having a direct presence in India once it has achieved key understanding of the Indian market and the opportunities it may offer. At present, Lucky Cement is seeking guidance both from the Pakistan and Indian government authorities on the existing FDI policy," said the spokesperson.
Lucky Cement has annual pro-duction capacity of 7.75 mnt, acco-rding to the company's website, and possesses international quality certifications, including that from the Bureau of Indian Standards. The company is listed on the Karachi, Lahore, Islamabad and London stock exchanges. The company also has manufacturing units in Iraq and Congo.
Contact: Lucky Cement.
Tel: +92-21-111 786 555.