Lucky Cement plans Indian plant

Pakistani cement producer Lucky Cement has expressed interest in establishing a manufacturing plant in 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,” said a spokesperson. “At present, Lucky Cement is seeking guidance both from the Pakistan and Indian government authorities on the existing FDI policy.”

If it is realised the investment would be a modest but significant step in developing investment ties between India and Pakistan. In August, India overturned a ban on foreign direct investment from Pakistan as part of a programme to boost economic ties regardless of political differences.