UltraTech: Cementing relationships between India and Sri Lanka
Saturday, 12 July 2014 01:17
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India Investrade - 2014 - UltraTech Cement greeting Minister for Economic Development in SL, at the Exhibition
With its geographical proximity and a legacy of relationships spanning over 2500 years, Sri Lanka and India enjoy a vibrant relationship encompassing varied spheres. Its commercial and economic partnership in particular, is one that has been growing and thriving over the last decade. ‘India Investrade 2014’ was an apt initiative by the Indian Chamber of Commerce and various bodies in Sri Lanka, with a special focus on realty construction and construction materials, to create a space for dialog and engagement between interested parties and facilitate business development.
Silver Sponsors for the exhibition, UltraTech Cement Sri Lanka is one of the success stories and notable investments in Sri Lanka. “We started our operation of import, storage, packing and distribution of world class cement in year 2000 and have earned an extremely encouraging response from users and customers of Sri Lanka,” said UltraTechSri Lanka CEO Kiran Redkar, speaking at an event at ‘India Investrade 2014’ recently.
He added that Sri Lanka consumes about 5 million tons of cement annually and with an installed capacity of 1.2 million tons of annual capacity, UltraTech Sri Lanka is well placed to cater to the growing cement demand of the country.
Equipped with decades of knowledge and industry expertise, UltraTech Cement has been a part of construction efforts such as the Colombo Port Expansion and the Colombo-Katunayake expressway project, and is deeply entrenched and committed to the growth of Sri Lanka’s development trajectory.
Sri Lanka is India’s largest trade partner in the SAARC region, while India is among the top five foreign investors in Sri Lanka. ‘India Investrade 2014’ was held for the third time in Colombo and was inaugurated by Minister for Economic Development in Sri Lanka Basil Rajapaksa. Business forums were held to understand the various business possibilities for both the countries as well as discuss issues and concerns of the sectors.
Officials from the National Chamber of Commerce in Sri Lanka, Board of Investment, Institute of Incorporated Engineers, Sri Lanka and various government bodies also partook in the forums.
A part of the US$ 40 billion Aditya Birla Group, a Fortune 500 company, UltraTech Cement is among the ten largest cement producers in the world and has a global presence in 36 countries. UltraTech Sri Lanka is backed by global expertise, access to extensive R&D facilities and is the only cement company in Sri Lanka equipped with its own state-of-the-art laboratory. UltraTech Sri Lanka’s distinctiveness lies in its consistency in supplying cement from one single source – an assurance of optimum quality in cement.
“Based upon our own positive and encouraging experiences of engaging in a sustainable business for 14 long years, we are quite optimistic of renewed intense engagement between the two countries,” said Redkar.
