With the upturn in Sri Lanka’s economic prospects, Singapore-based investment and consultancy group, Agni Capital, founded by Sri Lankan-born Gane Ramachandra has made some significant strides in promoting investments into Sri Lanka, the company said this week.
"Agni was the catalyst behind the recent Rs. 1 billion investments by Malaysian-based conglomerate Genting Group in Union Bank of Colombo, and an estimated similar sized investment by the Indian-based Religare Group into Bartleet TransCapital and its subsidiary Bartleet Mallory Stockbrokers last week,” the statement said.
It said that the entry of the Religare promoter group into Sri Lanka with interests in both financial services and healthcare bodes well for Sri Lanka and is viewed as a significant development.
Agni Capital, invests its own proprietary funds in specific opportunities and also manages corporate investments and entry into Sri Lanka, Philippines, Singapore, Malaysia, Indonesia and other emerging Asian markets.
ounded in 2007, Agni Capital operates with a mission to identify potential investment ideas and opportunities and to springboard them on to a strong growth trajectory. “Our role is to identify opportunities, restructuring the company where required, packaging and structuring the deal for these opportunities to raise the necessary capital thus helping these small and medium sized companies grow with the right financial or strategic partners.
The Sri Lankan economy suffered for three decades, and the country is now poised to achieve its full development potential,” Mr Ramachandra said.
He noted that presently international investor confidence is increasing by the day on Sri Lanka, and what needs to be done now is to attract and infuse new capital into the economy and transform Sri Lanka into a noteworthy economic power in Asia and retake its previous enviable position in Asia.
“With a clear view of the economic landscape of Sri Lanka and the immense opportunities available, Agni Capital is confident of attracting significant investments across the financial services, healthcare, consumer, tourism, real estate, agriculture, marine and offshore services sectors,” he noted. Agni Capital says that large Asian based conglomerates and corporates based out of India, Malaysia, Singapore, Hong Kong, Philippines and Thailand are amongst active groups looking for such opportunities today in Sri Lanka.