Srei India ties up with Arinma Holding Sri Lanka

Sanjeevi JAYASURIYA

An alliance was formed between Srei Infrastructure Finance Limited India and Arinma Holding Sri Lanka as a ground breaking new venture to make available services to the public and private sector.

The collaboration between Arinma Holdings and Srei aims to develop business opportunities in areas such as advisory and services across all sectors, equipment rental for the construction and healthcare sectors, road and rail-related development with IT/ITES and PPP services related to industrial parks and tourism related facilities. "Post war Sri Lanka is currently experiencing an unprecedented boom in construction and large scale development projects all across the country.

We believe that we could contribute greatly to this vibrant economic activity with our expertise and know-how successfully synergizing with our local partner Arinma Holdings," Srei Infrastructure Advisory Group CEO Dr. R. Mandal said. We see immediate opportunities in construction sector and will start business in consultancy services supporting the on going infrastructure development projects, he said.

"We believe that introducing Srei in to Sri Lanka will create a platform for both the private and public sector to enable access to most sophisticated and successful advisory services.

With the vast talent pool of human resources and experience of Srei, the country could benefit in the long run, Arinma Holdings (Pvt) Ltd Chairman Ashan Malalasekera said. It is especially exciting that it brings in a role of project advisory, project structuring on PPP, transaction advisory, financial advisory, project development and management for the first time in Sri Lanka, he said.

A pioneer in infrastructure financing in India, Srei Infrastructure Finance Ltd has been playing a dominating role towards infrastructural development and is synonymous with innovative infrastructure financing. Srei is a part of infrastructure development projects in India with 18,000 clients.

Arinma Holdings was incorporated to work with international business partners and provides a range of services and technology. It strives to identify and partner with cutting-edge technology and service providers to promote the development of industry in Sri Lanka and overseas markets.