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The below posts serve to inform our clients of the various issues relating to the operations of Gandhi & Associates. It also serves as a platform for two-way engagement and conversation. Please feel free to leave us your comments.

IBN Approval for Hongshi Group of China

  29 Jul 2015

Our client, the Joint Venture between Hongshi Group of China and Shivam Cements of Nepal has been granted foreign investment approval by the Investment Board of Nepal yesterday. The project is estimated to cost Rs. 36 billion (US$ 360 million).

This is the second approval that Investment Board has granted to clients advised by G&A, after the approval given to the US$ 400 million project proposed by Reliance Cement, a member of ADA Reliance of India.

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New Application filed at IBN for Hongshi Group and Shivam Cements

  03 Jul 2015

Gandhi and Associates has advised a second client and filed an application for Foreign Direct Investment at the Investment Board of Nepal. The Investment Board is a body of the Government of Nepal set up specifically to facilitate foreign investments of more than US$ 100 million.

A few months after G&A assisted Reliance Cements (India), a subsidiary of the Reliance ADA Group, for a project estimated at US$ 400 million, this new application is for a Joint Venture between Hongshi Group of China and Shivam Cements of Nepal. The project cost is estimated at US$ 360 million. These experiences further demonstrates G&A’s expertise in such large scale projects. G&A is the only firm in Nepal that is currently advising on two Investment Board applications.

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Contact Details

  •   15 Nagarjun Galli, Sahayog Marg
         Anamnagar-32, KTM, Nepal
  •   +977-1-4102880 / 9851035844
  •   +977-1-4102792
  •   kathmandu@lawgandhi.com

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