Home / Business/ Lanka IOC to explore Myanmar and Indonesian markets; retains MTI

Lanka IOC to explore Myanmar and Indonesian markets; retains MTI


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 21 March 2013 00:00


Lanka IOC, with a vision of exporting lube products, signed an agreement retaining the services of MTI Consulting to carry out a study of the fast emerging Myanmar and Indonesian markets.



Speaking at the occasion Lanka IOC MD Subodh Dakwale said: “One of our strategic pursuits is to increase the exports of Sri Lanka, given our international capabilities in the lube business. Lanka IOC is currently exporting lubricants to neighbouring countries like Maldives and Nepal.

“We witnessed that the emerging markets in the Mekong Valley and South East Asia as prime prospects, and will be looking forward to the benefits of working with MTI, who have impressive credentials across emerging markets.”

MTI consulting has worked 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 is a public listed company in the Colombo Stock Exchange with a turnover of Rs. 60.4 billion for the year 2011-12.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Facing the chill wind: Decline in agricultural exports in Sri Lanka

Thursday, 17 October 2019

During the past two years, there is a marked increase in the export revenue as indicated in table 1. The export earnings from January to July 2019 also grew by 2.8% compared to the corresponding period of the previous year, despite the uncertainties


The ‘Strategic Blueprint’ of your firm: Articulating your competitive strategy

Thursday, 17 October 2019

Why do many firms fail to achieve their ambitions and growth targets in revenue and profitability? Several reasons can be found and one of the fundamental issues lies with the firm’s leadership not being able to articulate its competitive strategy


Innovation conundrum: We do or don’t do!

Thursday, 17 October 2019

It is perhaps important to highlight the need for seriously considering an aspect that we need to embrace and embed if we are ever to transform our economy from a dependent deprived status to a one worthy of emulation. The aspect in question is innov


Palaly comes to life again

Thursday, 17 October 2019

Today, 17 October, Sri Lanka is scheduled to re-open the Palaly Airport as its third international aerodrome. There will be many who will applaud and give praise for the refurbishment and upgrading of the new airport; and there will be others who wil


Columnists More