Home / Property/Construction/ Blue Ocean matches country’s vision with mega plans for expansion

Blue Ocean matches country’s vision with mega plans for expansion


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 4 August 2016 00:00


Untitled-2 Untitled-3

 

Sri Lanka’s largest and most prolific real estate developer and the only construction company with total vertical and horizontal integration, Blue Ocean Group of Companies unveiled a host of mega plans it is pursuing in the real estate sector and various other industries, at a celebration of its journey in Sri Lanka, held recently. 

The real estate sector of the Blue Ocean Group contributes an impressive 615 plus apartments across 23 plus locations in eight cities in the Colombo metropolis and will soon be expanding into Kandy and Nuwara Eliya. 

At the gala evening hosted by Blue Ocean Group Chairman S. Thumilan, one of the most significant features was the presentation of a series of funds in support of numerous health and education initiatives conducted by the Government. 

As part of the Group’s CSR initiatives, the Chairman presented a total of Rs. 4 m to towards the prevention and eradication of chronic kidney disease, a project spearheaded by President Maithripala Sirisena and other projects conducted by his Ministry. In addition, Rs. 1 m each was presented toward projects of the Ministry of Housing and Construction and for projects conducted by the Ministry of Higher Education. The Chairman also granted 100 scholarships from KBBS Campus, which is a subsidiary of the Blue Ocean Group for accountancy professionals. 

The Group, which is now a trendsetting conglomerate with interests in diversified industries including real estate, construction, engineering, trading, education, corporate consultancy and now entertainment, sees its maiden film Paatak Nethi Adarayak being launched on Monday 8 August. Film stars Jayalath Maonratna, Dilhani Ekanayake, Meena Kumari, Poshini Dissanayake and Buddhika Kalindu, while it is directed by renowned Director V. Sivadasan. This is Blue Ocean’s contribution towards the upliftment of the Sri Lankan film industry. 

In addition, showing the Group’s appreciation to the valued business partners who have been integral to the Group’s success, the Chairman presented appreciation awards to 25 banks, consultants, affiliation and professional bodies.

Themed ‘Leading the way to the future,’ in his address Chairman of the Blue Ocean Group, which now encompasses a formidable collective of 30 plus subsidiaries including the award-winning construction and engineering spearhead Link Engineering, stated Blue Ocean has been fortunate to have been an integral facet in the country’s exciting business landscape. 

“I am indeed proud that my team and I have now etched the name of the Blue Ocean Group strongly in the annals of the country’s development history. We are undoubtedly leading the way to the future, having already begun changing the way the corporate and real estate landscape is looking ahead.” 

Reiterating that the Group follows the tenets of the Blue Ocean Strategy, Thumilan stated: “I have been very keen in seeing that this Group becomes the differentiator in the landscape we operate in and by using the eight fundamentals that encompass the Blue Ocean Strategy, we bring all our stakeholders onto a single platform to ultimately create a win-win formula of value, profit and people.”

With the Group now having an expansive presence across the world from Europe, to Asia Pacific, the Middle East and Asia, Thumilan said: “In our global expansion strategy, I’m pleased to announce that for the first time, the Blue Ocean Group will be constructing apartments and housing units in London and Canada. With Brexit now affirming Britain’s exit from the EU, we believe that the time is apt for burgeoning business opportunities and given Blue Ocean’s reputation among Sri Lankan expatriates, we are targeting those markets with a flavour of Sri Lankan architecture.” 

Mentioning the Group’s focus on quality to which there is no compromise and the recipe for it sustainable success, he also said that with the rapid beautification of Colombo city, Blue Ocean’s vision and plans are aligned to the ultimate vision of a rationalised Colombo by 2020 envisioned under the Megapolis Development Plan.

Pix by Krishan Sashika

 


Share This Article


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

The rate of exchange, capital flight and the Central Bank

Friday, 21 September 2018

The Central Bank (CBSL) exists for the sole purpose of price stability. Its controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation


Red flag over the Sri Lankan Navy

Friday, 21 September 2018

Shocking story Rusiripala, a former banker in Sri Lanka, who has taken to writing in Daily FT, is perturbed by the red flag I have raised (Daily FT article 18 September) over the shocking charge that our Navy had operated a ransom gang that had abduc


The bald truth about fake news, etc.

Friday, 21 September 2018

In its most innocent forms, we may all enjoy a bit of ‘fake news’ and go to bed with a lighter heart and clean conscience. A meme on Facebook urging social media consumers to caution – “You can’t believe everything you read on the internet


Withholding Taxes – What, why, when?

Thursday, 20 September 2018

The tax regime in Sri Lanka historically imposes WHT on both domestic as well as cross border payments. WHT on domestic payments eases revenue collection (e.g.: PAYE) while WHT on cross border payments are adopted by most countries to ensure that the


Columnists More