Connect with us

Business

Plug and play ‘park in park’ manufacturing facility to be built within Hambantota Port’s industrial zone

Published

on

The Hambantota International Port Group (HIPG) has partnered with Shenzhen Xinji Group to set up a plug and play ‘Park in park’ manufacturing facility within the port’s industrial zone. The concept is a fully fledged stand alone industrial facility with some very unique features, set to operate within the Hambantota International Port’s Industrial zone.  The signing of the joint venture agreement between the Xinji Group and HIPG took place on 11th June at Hambantota Maritime Center with key officials of both organisations in attendance. 

Johnson Liu, CEO of HIPG says the new venture will be in line with HIP’s master plan of the port.  “The Shenzhen Xinji Group’s offering will position both the industrial park and Sri Lanka as an attractive destination for manufacturers who do not wish to go through the hassle of setting up factories but would rather use readymade services and hit the ground running, with no delays in production.”

“This concept is unique because our’s is a plug play formula where all the facilities for an investor are supplied by us, right down to clearing red tape, infrastructure hurdles and even human resources needed for a smooth running business.   It would be a great plus for light industry manufacturers and traders who wish to come and set up in Sri Lanka with a view to finding markets in South Asia,” says Yang Lin, Chairman of Shenzhen Xinji Group, which has been operating in Sri Lanka in both construction and manufacturing, since 2013.

The new facility will be built on a 9000 square meter area within the industrial zone, and the “Park in Park” model would be attractive to investors as it would reduce investment costs.  Potential investors would be able to avail themselves of direct “check in” services, which will help speed up production time.  The base infrastructure provided by Xinji would be a boon to enterprises entering the park as economic benefits to them would be many.

The US $ 16 million high tech industrial facility will provide “one-stop” services for light industries. Xinji’s experience in auxiliary material procurement and trade sales will provide procurement support for upstream enterprises and sales support for downstream enterprises in the park. 



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Assetline Leasing recognised at SLIM People’s Awards

Published

on

Assetline Leasing Company Limited (ALCL) was nominated for “SLIM People’s Financial Services Provider of the Year” category at the recently held SLIM People’s Awards 2021 at BMICH, Colombo.

As a specialized leasing company with a network of 53 branches located Islandwide, ALCL has been able to carve a name for itself as a leading financial services providers by continuing to fulfill the financial needs people from all walks of life with an innovative and reliable portfolio of leasing and loan products that are geared to improve the livelihood of individuals and families whilst enriching their lifestyles. Access to financial services, particularly by SMEs and entrepreneurs, has always been a key area of ALCL’s focus.

Commenting on the achievement, Ajantha Premasiri, Chief Marketing Officer, ALCL, said; “We would like to extend our sincere gratitude to our valuable and loyal customers, business partners and team Assetline for their unwavering support in securing this nomination in the category of “SLIM People’s Financial Services Provider of the year”.

Continue Reading

Business

DIMO forum focuses on youth skills for employment and entrepreneurship

Published

on

DIMO celebrated ‘World Youth Skills Day’ by shining the spotlight on the importance of equipping the youth with skills for employment, decent work and entrepreneurship, through a webinar titled ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’, held recently.

The keynote speaker at the webinar was a renowned expert in the industry, Mangala P.B. Yapa the Director General / CEO of Employers’ Federation of Ceylon, while the panel consisted of leading Human Resources professionals Dilrukshi Kurukulasuriya the Chief Human Resources Officer of DIMO, Chinthaka Premaratne the Group Director Human Resources of Fairway Holdings and Ishan Dantanarayana the Group Chief People Officer of Brandix. The event was moderated by Yohan Thilakaratne the Head of Corporate Communications of DIMO. Vocational Training is a key attribute in DIMO’s sustainability agenda and the forum ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’ was the latest initiative of DIMO to empower the dynamic youth with the correct skills.

During his keynote address, Mangala P.B. Yapa stated, “Knowledge, skills and employment are 3 elements that are inter-connected in a complex manner. Today, knowledge has surpassed skills and therefore, receives prominence. However, I believe that knowledge which does not develop skills, does not do justice to society. Through vocational education, what we attempt to do is to develop both knowledge and skills.”

 

 

Continue Reading

Business

CA Sri Lanka Annual Report Awards makes a comeback this year

Published

on

In its continuing determination to crown the most brilliant financial reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will present the prestigious Annual Reports Awards competition this year, incorporating new concessions on account of COVID-19, whilst also automating the marking system for the first time in the competition’s history.

Applications for the 56th Annual Report Awards competition 2021 will be accepted from 15th August 2021 onwards. Organisations ranging from multinationals to blue-chip companies, conglomerates, small and medium businesses, state corporations, statutory bodies and even NGOs and NPOs which produce annual reports can vie for this year’s top honours.

Known to promote transparency, corporate governance, sustainability and social responsibility, the competition’s grand comeback this year was announced at a press conference on Tuesday.

The Annual Report Awards commands a history of over half a century, but following COVID, the Institute decided not to proceed with the competition last year on grounds that the competition would not yield the required benefits for the participating companies due to the challenges stemming from the pandemic and the related crisis.

Addressing the press conference, Jayesinghe said that as the sole authority to promulgate accounting and auditing standards in Sri Lanka, the Institute has taken every effort necessary to implement a world class accounting framework, which will result in long-term benefits to the country including bringing in vital investments such as FDIs.

He said that an annual report is recognised as the single most important document for readers and potential investors to understand the financial state of a company as well as its positive contribution not only towards the company’s bottom line but also to the country and society.

Continue Reading

Trending