Sri Lankan market impressive -Goodman
Zainul MEEADH
The growth of Singer operations in Sri Lanka have been very
impressive and its performance is the best in the region said Singer
global Chairman Stephen H. Goodman.
V. Samaranayake DGM, National Lotteries Board making a purchase
at the new showroom from Singer global Chairman Stephen H.
Goodman. Manageress of the Showroom, Shriyani Fernando looks on.
Picture by Sumanchadra Ariyawansa |
Speaking at the opening of their singer plus show room in Colombo 3
yesterday he said that though this growth slowed last year, its
preference was still the best in the region.
“I am highly impressed with the Sri Lankan market,” he said. With a
proud history of over 135 years to the nation, Singer Sri Lanka opened
this state of the art showroom yesterday in Colpetty under the presence
of Singer Worldwide Chairman Stephen H. Goodman, President and CEO,
Executive Director - Gavin Walker who specially flew for the event.
Notably this is also the first ever occation Singer Worldwide Chairman -
Stephen H. Goodman, opened a singer plus showroom in Sri Lanka out of
the 168 showrooms that are available isalndwide.
CEO, Gavin Walker speaking on the Sri Lankan market and the economy
said that the country's economic growth was very high in comparison to
other countries in the region and this has opened up more opportunities
for Singer. “The GDP and per capita income is higher than any other
country in the region.”
He said that the Sri Lankan success story is a model to other
countries in the region where they operate.
Commenting on the future plans he said they would focus on expanding
Singer Finance. “Research have found out that top commercial banks in
Sri Lanka mainly service the high end customers while there are several
other financial institutions that cater to the SME and the micro
sector,” he said.
Walker said that their main client base is from the middle class and
there is hardly anyone to support them. Singer Worldwide and Singer
Finances main concern would be to attract this segment,” he added. |