Butani Group to start new BPO project
The Board of Investment of Sri Lanka signed an agreement with Butani
Capital Ltd to build a 60,000 sq ft of Purpose Built Office space aimed
at supporting Business Process Outsourcing (BPO) projects, representing
at an investment of over half a billion rupees to support the BPO sector
in Sri Lanka.
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Dinesh Butani, Director of Butani
Capital formally receives the BOI Certificate of
Registration from M M C Ferdinando, Chairman/ Director
General of the BOI |
This project will also generate employment opportunities as it will
create more than 200 jobs in the country. The project will be located on
Elvitigala Mawatha, Colombo 5 and will provide 10 storeys of easy plug
and play work environment for BPOs, cost effective incubation facilities
for startup BPOs, common conference halls, recreational and relaxation
areas, meals rooms, banking facilities, over 100 vehicle parking slots
and other facilities.
The Directors of the company and project consultants expect that the
project will be completed within 18 months, effective January 2013.
The agreement was signed by M M C Ferdinando, Chairman /Director
General on behalf of the Board of Investment of Sri Lanka and Dinesh
Butani, Director of Butani Capital.
Chairman /Director General of the BOI said that "this project is
important to the BOI as it supports one of the strategic objectives of
the government, namely to transform Sri Lanka into an important
Communication Hub where knowledge based activities can contribute US $ 1
billion in export revenue. We are keen to see investment serving a
useful purpose to society by supporting long term national goals and
creating a new capacity in the country in the field of IT/BPO, which
will create new opportunities for our youth."
Director of Butani Capital, Dinesh Butani, a pioneer in the BPO
Industry in Sri Lanka said, "This is the first project being launched
and other projects are being looked at, to fulfil internal BPO
infrastructure requirements as well as to provide purpose built
facilities at competitive pricing to the growing BPO industry in Sri
Lanka. He also said that the location was chosen based on BPO employee
demographics and minimizing travel times to and from work for staff
working both day and night shifts.
Butani Capital is a newly formed company and will primary focus on
funding BPO related infrastructure projects, BPO start-ups and
technology ventures.
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