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Thursday, 19 August 2010

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Mahindra eyes on Lanka

Tourism, automotive, real estate sectors get priority:

India’s Mahindra Group is planning to invest in Sri Lanka making a foray into tourism, automotive and real estate sectors. “Sri Lanka’s economy can possibly reach a double-digit growth by next year.

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Company to undertake power sector projects

The Government will establish a company under Government control to undertake power sector projects including transmission lines construction, grid substations and renewable energy development.

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Indian funding sought for Achchuveli Zone

Sri Lanka is exploring ways to garner Indian assistance in funding infrastructure development in the Achchuveli industrial zone in Jaffna.

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Ideal Motors Chairman Nalin Welgama greeting Mahindra Group Vice Chairman and Managing Director Anand Mahindra. Mahindra & Mahindra Ltd, Director, MM Murugappan, Mahindra & Mahindra Financial Services Limited, Managing Director and Group Executive Board Member Ramesh Iyer and Aravinda de Silva of Ideal Motors look on. Picture by Saliya Rupasinghe



 
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