The economy of Sri Lanka is rapidly growing, with investment ongoing across a number of platforms and an industrial gas demand to suit.
That’s the insight of Ceylon Oxygen Limited (COL) CEO Niran Pieris. In an exclusive interview of the month with gasworld magazine, Pieris describes the depth of investment currently underway in The Democratic Socialist Republic of Sri Lanka.
“The Sri Lankan market is seen to be growing significantly. With the cessation of the 30-year civil conflict, there is already approximately $8bn channelled into mass scale infrastructure development projects, 80% of which are FDIs and more funds are in the pipeline.”
“It is only natural that the present development in the country will positively affect COL’s business in its totality, now with more emphasis on the industrial sector. Going forward, the industrial gas business in Sri Lanka will see a sustained growth and we are gearing ourselves to meet that need.”
COL announced earlier this year that it is investing in a new €9.3m ASU in Sapugaskanda.
Watch out for the full interview with Ceylon Oxygen's Niran Pieris, in the upcoming August issue of gasworld magazine...