Muktishree Group
of Industries has today claimed to invest Rs 23.50 billion in five more
industries in next three years.
"By
2016, the Group will invest Rs 23.50 billion more in four new industries,"
said the chairman of the company Ajeya Raj Sumargi, here today.
"From
the internal resources and bringing in foreign investors, the Group will invest
in telecom, hydropower, hotel, cement and superstores," he said, adding
that the company is bringing Rs 18 billion foreign investment in the country.
Muktishree
Pvt Ltd is planning to invest Rs 6 billion more in its telecom company,
Satellite Telecom and expand its services across the country, Sumargi, who is
claimed to be near to UCPN-Maoist, added. "The Group has an investment of
Rs 7 billion in the telecom service provider that is planning to expand across
the country by February 2014."
The Group is
also planning to bring in Jodhar Investment and Airbell as partners. Jodhar
Investment is investing 75 per cent of the total Rs 7 billion.
Muktishree
Pvt Ltd is also planning to construct a 20-room five-star hotel in Kathmandu –
in partnership with an European international chain – by 2016 in Rs 5 billion
apart from 35-mega watt (MW) Ankhu Khola Hydropower that has been thought to be
completed by next four years with Rs 5.50 billion, informed one of the board
member of the Mukti Shree.
Likewise,
the Mukti Shree Cement is going to start a 1,200 metric tonne daily capacity
cement factory in Surkhet.
The Group is
also preparing to start Infra Superstore with an investment of Rs 3 billion.
The first Infra Superstores will be in Min Bhawan, second in Narayangarh of
Chitwan and third in Hetauda of Makawanpur district, where Sumargi hails from.
These projects will create
15,000 employments, said the company that has claimed to have been operating Hetauda
Lime Industry and Muktishree Energy, Everest Mineral Product, Himalayas Spring
Water, Durga Cold Storage, Eco Planel industries, Hetauda Education Foundation,
National College of Higher Education and many more.
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