Stax positions Sri Lanka as an investment hot spot in Singapore
View(s):Stax Inc, a global strategy consulting firm, delivered a cohesive presentation highlighting the country advantage, and the untapped potential of Sri Lanka, at a high profiled event held in Singapore recently.
“The concentrated group included 70+ professionals, ranging from large corporates to SME’s, and private equity firms in one platform in an open knowledge sharing and networking session,” the company said in a media release.
The event was held at The Tower Club, Singapore in partnership with the Singapore International Chamber of Commerce (SICC), International Enterprise (IE) and the Singapore Sri Lanka Business Association (SLBA).
Rafi Musher – CEO, Stax sharing his experience in setting up a fully-fledged consulting arm in Sri Lanka, noted, “Stax, as a global consulting firm, especially saw the prospect in 2005, when we were looking to expand our business in to the Asian region. What intrigued me was Sri Lanka’s vast space for a growing economy despite the internal conflict the country was facing then. We are working with a number of global corporations in multiple sectors and private equity firms, serving them from the initial acquisition screening to helping them finalize their investments. As a frequent visitor to the beautiful island nation, I am confident about the plethora of possibilities resurgent Sri Lanka has to offer us, to our clients, businesses and investors – in the present and the future”.
The company release said Dr. Kumudu Gunasekera – Director, Stax delivered in-depth analysis about the factors escalating Sri Lanka’s economical readiness. He said, “Presently Sri Lanka is experiencing the highest GDP growth rates within the region. Sri Lanka is on the threshold of moving to the ‘upper middle income’ category according to the latest reports and we feel this is the ideal period for an investor to focus towards the ‘Miracle of Asia’.”
Dr. Gunasekera said he believes the new government would introduce policies to create a competitive, knowledge-based economy, and featured four sectors in Sri Lanka which the consultancy firm believes in having high potential for growth – Healthcare, Education, Hospitality and Exports.
Stax has operated an office in Sri Lanka since 2005 and helped a number of international firms successfully enter the local market.