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This is an archive article published on September 20, 2009

India Inc eyeing Sri Lanka for projects

A host of Indian cos are planning to develop projects across sectors in Sri Lanka.

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A host of Indian companies are planning to develop projects across sectors in the island nation of Sri Lanka.

The companies have already identified lands and besides,have also received approval from the Sri Lankan Government for their projects.

8220;Larsen and Toubro Lamp;T is constructing a commercial complex here and the total cost of the project will be USD 50-million,8221; Sri Lanka Board of Investment8217;s Director,C Ignatius,said.

The company has already acquired land for project and is expected to be completed by next year,Ignatius said.

The engineering and construction major has already developed projects in Sri Lanka such as a 26-storey residential apartment at Colombo,design and construction of urea storage silo and prill tower for a fertiliser complex and design,test,manufacture and supply of 33kV,132kV and 220kV transmission line towers for Sri Lanka8217;s electricity board.

A Bangalore-based commercial and residential property developer,Girish Puravankara-run Lalith Gangadhar Constructions Ltd,is also constructing residential villas outside Colombo,he said.

 

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