Kone ventures into Sri Lankan market
Kone, is expanding its operations into the Sri Lankan market with
Lanka Elevator Engineering (Pvt) Ltd. The agreement was signed by Region
Director - South, G. Swaminathan and Managing Director, Lanka Elevator
Engineering (Pvt.) Ltd, Karl Perera in Chennai with Managing Director,
Kone, Elevator India Private Limited, Neeraj Sharma who was also
present. Managing Director, Kone, Neeraj Sharma said, "With a strong GDP
growth of almost 8 percent in 2011, Sri Lanka is poised for good growth
in the coming years.
The tourism industry will be seeing great growth and this will call
for better infrastructure facilities which will spur the growth of the
construction sector. We see potential for us in this market and are
confident that this will help us in expanding our operations".
Managing Director, Lanka Elevator, Karl Perera said, "We have been in
the industry for a long period of time and have much expertise in
handling this segment. Our tie up with Kone only strengthens our
confidence in serving the market better".
Kone will supply elevators to the Sri Lankan market from their global
supply units in Chennai.