Business opportunities in Sri Lanka
A Malaysian delegation from the construction sector visited Sri Lanka last month to explore business opportunities and potential joint collaboration with local companies to contribute to the country’s construction and infrastructure development programme.
This mission was organised by the Malaysia External Trade Development Corporation (Matrade) as a follow-up to a similar mission held in 2010.
The delegation consisted of four Malaysian companies which are involved in the manufacture and assembly of diesel and gas generators, IBS modular buildings, light gauge steel and pre-fabricated timber roof trusses, pre-engineered buildings, modular house framing, solar photovoltaic mounting structure and built-in kitchen cabinets and wardrobes.
A total of 35 Sri Lankan companies attended the individual business meeting sessions, organised by Matrade, with the Malaysian delegation.
The mission generated RM1mil in sales while an additional RM16.3mil in potential sales are under negotiations.
One of the key potential areas of interest shown by Sri Lanka was the solar farm project, which could accommodate the increasing demand for alternative power source required by the country.
atrade’s Trade Commissioner in Chennai, India, Shah Nizam Ahmad said: “Sri Lanka offers vast opportunities in the construction and infrastructure sectors since the end of the country’s three decades of internal conflict in May 2009.
“Reconstruction and upgrading of infrastructure are not only focused on war-stricken areas of the north and east of Sri Lanka, but all over the country as the Sri Lankan Government is committed to improve the life of the people through better highways; improve water supply, education and health services; upgrade facilities such as ports and airports; improve the urban well-being such as the relocation of slum areas and providing proper housing for the people as well as liberalising the tourism sector to generate income for the nation.”
“Malaysian companies, in particular the construction companies, have gained an added advantage and widespread recognition in Sri Lanka as a provider of quality and reliable products and services. To-date, Malaysian companies have participated in 13 construction projects in Sri Lanka valued at US$365 million.”
“Non-construction Malaysian companies, such as Proton and Perodua, have also established themselves very well and had gained the trust of local consumers and business communities in terms of their product quality and level of service delivery in the market”, he added.
Source : The Star
Date : 7 Jan 2012
Afternoon Highlight (09/01/12/005/478)
No comments:
Post a Comment