Lanka IOC to explore Myanmar, Indonesia - retains MTI
Lanka IOC, with a view to exporting lube products from Sri Lanka, has
retained the services of MTI Consulting to carry out a study of the fast
emerging Myanmar and Indonesian markets.
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Subodh Dakwale, MD of Lanka IOC with Hilmy Cader CEO of MTI
Consulting |
Speaking at the signing of the agreement, Subodh Dakwale, MD of Lanka
IOC commented "One of our strategic pursuits is develop exports from Sri
Lanka, given our international capabilities in the lube business.
Lanka IOC is currently exporting lubricants to neighbouring countries
like Maldives and Nepal.We see emerging markets in the Mekong Valley and
South East Asia as prime prospects. We look forward to the benefits of
working with MTI who have impressive credentials across emerging
markets."
MTI Consulting has worked on assignments across emerging markets in
Asian, Middle East and African regions, which includes projects carried
for multi-national and regional companies in Algeria, Bangladesh,
Cambodia, Egypt, Indonesia, Jordon, Iran, Iraq, Lebanon, Myanmar,
Nigeria, Pakistan, Philippines and Syria Lanka IOC PLC is a public
listed company in the Colombo Stock Exchange with a turnover of Rs. 60.4
billion for the year 2011-12. |
