Financial Times - Caltex strengthens its position in the Maldives

Caltex strengthens its position in the Maldives

Caltex plans to enhance its market position in the Maldives and in this connection Kishu Gomes, Caltex Managing Director recently had discussions with the Deputy Minister of Economic Development and Trade, Abdullah Salih.

Initiatives have already been undertaken to enhance exports to the country and further developments have also been made in the country’s tourism industry to encourage greater inflows of foreign investments.

Steps are also underway to develop technology as a means of facilitating continued progress and providing modern conveniences to the people of the Maldives, a Caltex statement said.

Supporting the plans by the Maldivian government, Caltex Lubricant Lanka Ltd will extend its existing agreements with distributors in the Maldives to increase exports over the next few years to the country.

Mr. Gomes is to hold subsequent discussions with Maldivian government officials to discuss further actions by the company as a means to grow the company and the Maldivian economy.

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