Rangiri Holdings to invest Rs 300 mn on residences for senior citizens | Daily News

Rangiri Holdings to invest Rs 300 mn on residences for senior citizens

Rangiri Holdings, a diverse collection of firms, has invested over Rs. 300 million in the last several years to construct environmentally friendly residences for senior citizens in Pitakotte and a star-class hotel in Dambulla.

Six units of luxury apartments have already been completed of the 12 apartments in Pitakotte at the Bird Park as they hope to offer these to retired Sri Lankan expatriates. “My first aim is to entice them to spend their retirement in Sri Lanka, offering them the concept of ‘come back and live in Sri Lanka’. I also hope to woo other nationalities of senior citizens based overseas to come and spend their retirement in these apartments,” said Chairman of Rangiri Holdings, Nihal Pathirage.

He also said that these apartments would not be given on an outright basis on very long leases, thereby firstly simplifying the migration to Sri Lanka (on a long-term visa) and also reducing the cost of a senior citizen when having to purchase a brand-new apartment and also reducing extra paperwork. Pathirage said that these apartments are built near the wetlands of Madiwela with aged care facilities, giving them a very quiet and surrounding nature, and we in turn provide all the facilities, including medical care, for them.

“We have a professional team who are qualified in aged care, and they will be deployed to this project to look after the senior citizens. I am also now looking at creating eco-friendlier apartments targeting senior citizens mainly in the North East planning to have obtained over 20 acres of land in three locations. In a bid to get community support for this, I will also create an agro and farmer out-grower system and look at introducing fruit and vegetable canning factories, thereby creating a new income opportunity for them. “

Pathirage said his second mega project Rangiri Aqua is situated bordering Ibbankatuwa Reservoir in Dambulla on 15 acres offering camping facilities and star-class accommodation for 150 guests with 40 Double rooms, 3 family rooms, restaurants, and a Rooftop Lounge. “My main focus at Rangiri Aqua is to woo corporates to use this hotel for their team building and outbound programs as we have a professional ex-Army team and all the other infrastructure needed for it.”

In 2018 Rangiri Aqua Edutainment Academy won the training contract to train and motivate 32,000 Sri Lanka Transport Board cadres and their two-day sessions required providing custom-made T-shirts and Bottoms. To cater to this demand, I created Nishu apparel which today is one of the leading garment factories adhering to ISO 9001:201 Quality Management System. It was a pioneer to donate Masks and Personal Protective Equipment for many CSR projects.

In a bid to provide English and vocational training to youth mainly in rural areas Nihal Pathirage’s latest venture and diversification were to launch the Rangiri Management Institute of Technology (RMIT Campus) Sri Lanka’s latest addition to the International Higher Education institution. “I can assure you that thousands of students who graduate from RMIT Campus will be placed at the premium positions in the industry or in academia in Sri Lanka and abroad.”

Having started Stretchtec (Pvt) Ltd in Mrkola, in a small way, providing garment accessories he diversified into many sectors such as Hospitality, Adult Vocational and Professional Curricular Education, Multifaceted Agro-Econ Development Farm Hub Projects, Apparel & Garment Accessories Manufacturing facilities, Building Construction and Vocational Training Institute for Built Environment, International Migrant Workers’ Skill Development Academy, Outbound Training and Adventure Activities Camps and, Sustainable Energy Development and Expedition of Innovative Diversities.

“We have over 200 dedicated staff and the company has survived with minimum efforts during the C-19 and lock down period due to our strong application of training systems offered to them and service levels were never compromised.”


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