France's Lafarge to build cement plant in India
Afp,Shimla
France's Lafarge is one of two firms to win approval to invest 170 million dollars each to build new cement plants in India's Himachal Pradesh state where demand is expected to soar as new dam projects get underway, a local official said Tuesday. The proposed two-million-tonne capacity cement plant would boost the output of Lafarge, one of the world's biggest cement firms, in India by 40 percent to seven million tonnes, according to the latest industry figures. The state cabinet approved the Lafarge project on Monday for Mandi district, located about 100 kilometres (64 miles) north of the capital Shimla, a state official, who declined to be named, said. The cabinet also approved a cement plant of the same size and investment for domestic firm Broh Shind in the Chamba district, 450 kilometres northwest of the state capital.
|
|
