In a strategic move to solidify its global footprint, ISMMART Group of Industries recently embarked on a mission to Sri Lanka, the vibrant island nation brimming with untapped potential. This pivotal journey saw the ISMMART Group of Industries’ senior management engage in a high-level meeting with a delegation of highly influential Sri Lankan figures on January 20, 2024.
The esteemed gathering included esteemed individuals such as the 7th Sri Lankan ex-President, His Excellency Maithripala Sirisena and prominent entities like Hong Xiang Carpentry Pte Ltd, Kreate Design. Joining them were key ISMMART representatives, including Group Manager Mr. Naveed Motiwala, Director Sir Lawrence Tay, and Sir Sugath. Notably present was Mr. Loh Weng Sheng, International Director of CIF, adding further weight to the discussions.
The meeting served as a springboard for exploring lucrative business opportunities in Sri Lanka, a country teeming with possibilities across diverse sectors. His Excellency Maithripala Sirisena, with his vast experience and insights, shed light on the current economic climate, highlighting the opportune moment to venture into the banking industry. He further identified promising avenues in agriculture, including spices and rice cultivation, alongside the burgeoning pharmaceutical and tourism sectors.
Demonstrating unwavering support for ISMMART's endeavors, His Excellency expressed confidence in the ISMMART Group’s potential and pledged full backing from Mr. Mahinda's Party, which currently controls eight key ministries. This crucial backing paves the way for ISMMART to navigate the Sri Lankan market with greater ease, ensuring a smooth path for future ventures.
Furthermore, His Excellency revealed the availability of a 75 million dollar, seven-star hotel for potential acquisition, opening doors to a potentially transformative venture in the island nation's thriving tourism industry.
To solidify ISMMART's commitment to Sri Lanka, His Excellency encouraged the Group to formally express their interest to the current President, His Excellency Ranil Wickremesinghe. He offered his unwavering support in facilitating this crucial step, paving the way for a fruitful and mutually beneficial partnership between ISMMART and Sri Lanka.
This high-powered meeting marks a significant milestone in ISMMART's ambitious global expansion plans. By forging strong connections with influential figures and identifying promising avenues for investment, the ISMMART group of industries has positioned itself for remarkable success in the Sri Lankan market. As ISMMART continues its ascent towards becoming a leading multinational company, Sri Lanka stands poised to reap the benefits of this dynamic collaboration, setting the stage for a future brimming with shared prosperity.