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In October 2000, the company became the first Sri Lankan furniture manufacturer to exploit the opportunity of setting up its first overseas store in India's Chennai mainly due to the Indo-Lanka Free Trade Agreement. [6] [7] Damro also cashed in the opportunity of tariff concessions due to the India-Sri Lanka Free Trade Agreement. It is also ...
John Keells Logistics (Pvt) Ltd. is a logistic, supply chain management and transportation management company. It is a subsidiary of John Keells. It is a recipient of the ISO 9001:2015 and ISO 45001:2018 certifications. [9] Mackinnons is one of the oldest logistic companies in Sri Lanka. It was founded by India Steamship Company in 1917.
Location of Sri Lanka. Sri Lanka is an island country located southeast of the Republic of India and northeast of the Maldives.According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income.
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This article lists the largest companies in Sri Lanka terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes and local business magazine LMD. [1] [2]
CIC Holdings acquired 70% of stake of Unipower (Pvt) Ltd in 2017 for LKR238 million. [8] The company won the award for the most innovative research in the non-plantation agriculture sector in 2018. The award is conferred by the Sri Lanka Council for Agricultural Research Policy, the apex body of agriculture research in Sri Lanka.
The Atlanta Fed upgraded its gross domestic product growth estimate for the fourth quarter to a 3.2% annualized rate from a 2.7% pace earlier. The economy grew at a 2.8% rate in the third quarter.
MAS Holdings has established two fabric parks – one in Thulhiriya, Sri Lanka and another in Chennai, India. MAS Fabric Park, India was a joint venture partnership on a 737-acre area, located close to the Krishanapatnam Seaport and Chennai airport.