Home / Front Page/ President opens Cargills Square Mall and Cargills Bank in Jaffna

President opens Cargills Square Mall and Cargills Bank in Jaffna

Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 22 December 2015 00:55


Cargills investment in North is Rs. 1.3 b to date

Cargills Square Jaffna, the first luxury family entertainment mall in Northern Sri Lanka and Cargills Bank- Jaffna, Regional Headquarters was ceremonially declared open by President Maithripala Sirisena on Sunday.

Cargills (Ceylon) PLC Deputy Chairman Ranjit Page noted that the new complex undoubtedly transforms the Jaffna landscape and is an icon of a new era of peace and prosperity for its people.

“With this investment of over Rs. 890 million in the form of Cargills Square, we aspired to provide world class entertainment spaces for our youth and families in Northern Sri Lanka. We are very much aligned with the vision of the President and the Government on the need to bring about sustainable and equitable economic growth and quality of life in the region,” he said.

The commercial complex of four floors with a total floor area of 74,000 sqft comprises retail and shopping space, the Cargills Bank, a food court including the only international restaurant KFC, a Cineplex with three cinema screens including the 3-D cinema experience and a basement car park.


President Maithripala Sirisena accepts the first deposit after opening the Cargills Bank- Jaffna, Regional Headquarters yesterday. Cargills (Ceylon) PLC Deputy Chairman Ranjit Page looks on.

Cargills Bank Jaffna becomes the tenth branch in the Cargills Bank network which has rolled out a fast paced expansion drive across Sri Lanka. Heralding a new era of banking for the people in the area, Cargills Bank launched operations in Vavuniya as the first step towards its expansion into the North. Following the opening of the Jaffna branch the bank will be opening its eleventh branch in Chunnakam.

Cargills Bank’s philosophy is founded on the ethos of being consistently available to our customers and easing their banking needs by offering simple yet innovative and attractive banking products. Our entry to Jaffna would move us closer to our customers offering them a more enriching banking experience,” Cargills Bank Managing Director Prem Kumar said.  Speaking at the launch, he added “What we aspire to build is a culture of banking that facilitates progress and delivers wealth across all social and income groups. Our presence in the region within such a short span of time demonstrates this commitment.”

Since 2009 Cargills has invested over Rs. 1.3 billion in the Northern Province including the establishment of Cargills Food City outlets in Manipay, Kannathidi Road Jaffna, Vavuniya, Nelliyadi, Chunnakkam, Mulaitivu and Kilinochchi. Page noted that Cargills has also set up collection centres in Jaffna and Kilinochchi to collect agricultural produce from farmers in the area and have so far brought over 2000 dairy and vegetable farmers into the network across the North.

“We have invested in primary processing of fruit and vegetables in Kilinochchi through our Kist Agri Processing Facility and have given employment to young women impacted by years of conflict. We have also been working very closely with our dairy farmers in this area. In fact we are amongst the first corporates to venture into the North and East even while the conflict prevailed. This confidence and commitment comes from our corporate ethos of partnering the growth of rural Sri Lankans.”

“Our regional investment drive has a direct focus on engaging local communities and improving livelihoods in economically meaningful and socially responsible ways and our investments in the North demonstrate just that,” concluded Page.


Share This Article

Facebook Twitter


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.


Today's Columnists

In the tropical terrain, tourism thrives, but!

Friday, 26 April 2019

In business school an oft repeated refrain in the marketing module is ‘get your product right’. It’s a task easier said than done, especially when it’s a service. Marketing of a service characteristically has to negotiate both lucidity and am

A secular public space is essential for the safety and wellbeing of all

Friday, 26 April 2019

The heart is heavy and the pen is slow. The environment is thick with the shared sorrow of many. Pain and suffering caused by deaths of hundreds and maiming of more on Easter of 2019 will linger for the rest of our lives. But life must go on and we m

Social media could be our egregious enemy, sometimes

Friday, 26 April 2019

One of the first moves the Government considered after the 21 April tragic events of coordinated Easter Sunday bombings of churches and hotels in Colombo, Negombo and Batticaloa was a temporary block of social media. There was no debate about requisi

Terrorism, violence, and incompetent political leadership

Friday, 26 April 2019

Incompetent people, the researchers found, are not only poor performers, they are also unable to accurately assess and recognise the quality of their own work. These low performers are also unable to recognise the skill and competence levels of other

Columnists More