The construction industry is pleased that the government has finally awarded an expressway building contract to Sri Lankan companies, President-Elect of Chamber of Construction Industry Sri Lanka (CCI-SL) Eng Ranjith Gunatilleke said. A part of the Colombo - Kandy Expressway project funded by local banks was awarded to Lankan construction companies recently.
“This would help the industry to get more exposure,” he said at an event where CEMS-Global USA signed an MOU with CCI-SL for promoting future `Build SL Housing and Construction Expo’ exhibitions.
He also said that the government owned over Rs. 80 billion for infrastructure projects that were done by the private construction companies. “The delay in the 2019 budget also resulted in the delay of settling local constructers. Today over 85% of them has been paid and the delay in settling the balance is lack of proper documentation.”
Asked to comment on the lack of sand for the construction industry Eng. Nissanka N.Wijeratne, Secretary General/CEO of CCI-SL said, two European companies that turn ‘sea sand’ into ‘sand suitable for constrictions’ is now engaging in this project. “We did import sand from neighboring countries but that was not successful since the imported sand has some quality issues.”
“The CCI-SL has been organizing the Build SL - Housing and Construction Expo for the last 16 years and this tie up will help us getting more foreign participations.”
Country Director of CEMS Lanka Ejaz Sarwar, said that for the first time, over 120 companies will take part in the `Build SL Housing & Construction Expo’ in Colombo; most participants are from China. “This will help local industry to gain new technology.” He said that during last exhibitions held in other fields many joint ventures were singed including two for wind power generation. “This proved that hosting these exhibitions bring multiple benefits to participants.”
“CEMS-Global a Multinational Exhibition Organizer since 1992 strongly supports and feels that Strategic alliances have become increasingly popular in today’s world business dynamics to achieve a more effective and resourceful market place.”
The Global Trade Show Industry is now looking at Alliances and joint ventures to tap onto further expanding their businesses into newer markets. The Global Trade Show Industry is now looking at Alliances and Joint-ventures to tap onto further expanding their businesses into newer markets.
CEMS-Global forayed into Sri Lanka immediately after the end of the civil war in 2009 as `CEMS Lanka (Pvt) Ltd. And since then CEMS-Global and CEMS Lanka have been giving all its efforts and held important Trade Shows for the Textile & Apparel Industry, Logistics and Shipping and Power & Energy. “We like the investment climate in Sri Lanka and its certainly better than most of the other countries in the region.”
Add new comment