India's Mitkat Advisory Service to open in Colombo

Shirajiv SIRIMANE

Mitkat Advisory Service a management constancy company from India is to open a branch office in Sri Lanka.

Lt. Gen. (Rtd) Sudhir Sharma, Chairman, Mitkat Advisory Service, speaking to Daily News Business said the main reason for them to enter Sri Lankan was to cater to Lankan companies that were planning to commence businesses in India and Myanmar.

"With the war ending and the healthy economy Sri Lankan is enjoying we have observed that there are several Lankan companies opening doors in both these countries. We have a strong presence in both these countries and could serve as the 'bridge' to those interested in starting a business," he said.

He said that they could undertake to iron out red tape and would also look at the security aspects before the investment was done. Having served in the Indian Peace Keeping Force in Sri Lanka he said that their company could also help Sri Lankan companies to expend their businesses in India.

He observed that most of the Sri Lankan companies that they have studied were spending too much on security and still there were loop holes that should be addressed.

"We are ready to look at this aspect as well," he added.

Currently he is also sending a daily security reports to their customers in India and Myanmar which helps companies to avoid high security risk areas.

An advisor of Enterprise Asia, he also added that the APEA awards ceremony would give winners an opportunity to interact with other leading businesses in the region.