Chinese construction firms here with big plans and big capital


By Steve A. Morrell

President, Ceylon Institute of Builders (CIOB) Dr. Rohan Karunaratne said, after the launching of the formalities of Construction, Expo 2015, a symposium would be held to mark interest areas where China and other countries represented could discuss aspects of the local construction trade.

Inclusive aspects of these discussions would be a business forum on numerous dimensions of the construction industry and more importantly investor possibilities in China to meet aspirations of local businessmen.

‘Green’ buildings and environmental concerns would feature in the structure of the buildings trade. Sri Lanka gained so great a reputation with regard to 'Green' buildings that concern over indiscrete buildings was now an irrelevant area of concern.

President Beijing Leasing Company Zhou Qi heading the Chinese delegation at the event said Chinese business partners held productive discussions with Sri Lankan business houses. Representatives from, for instance, Hunan Province and other important areas of China were here in Sri Lanka for trade discussions. As well as for discussions on the construction industry.

He did not however confirm that tangible figures were discussed at that forum.

We spoke to one business person from Colombo who agreed that the influx of capital for joint ventures was quite considerable. But most business houses here could not match Chinese investments in terms of monetary partnerships. Given the monetary inequality between Chinese and Lankan businesses, it would be of considerable concern that sustaining partnerships with Chinese businesses could be difficult for local counterparts. Additionally, Lankan government bureaucracy could turn away investors.

Managing Director Lanka Exhibition & Conference Services ( LECS), Arjun Dharamadasa said the ’Green Building’ Exhibition that would be a simultaneous exercise would keep in line with current world trends in renewable energy and certification.

Sri Lanka is gradually experiencing a growing boom in the construction industry. Urban and rural areas are being developed to be in parallel with other developed nations. He commended the unprecedented presence of Chinese construction interests and ensured that consequent to partnerships being developed it was now opportune that Construction 2015 would be the best in the series.

Exhibits and exhibitors were predominantly Chinese. For example, the Xinda Concrete Batching Plant from the Fugian Province in China was one. Similarly there were others.

We also noticed the presence of electrical and electronics companies, locally based, at the exhibition.

We also observed Hatton National Bank, Times Décor and other local entrepreneurs as well who had their stalls at the exhibition center.

At the head table, Project Manager, Times Lanka ( Pvt ) Ltd., Mifraz Reffai, Manager, Revenue Consortium Manjula Jayasinghe, Director Macksons, M. Ismail Hussain, chairman Organizing Committee Mahanama Jayamane, MD, Lanka Exhibition and Conference Services, Arjun Dharamadasa, president, Ceylon Institute of Builders, Vice Section Chief Foreign Trade and Economic Cooperation Sui Yetuo, president Beijing Leasing Company Zhou Qi, COO HNB Dilshan Rodrigo.

animated gif
Processing Request
Please Wait...