India’s SREI Infrastructure Finance Ltd launches in Sri Lanka
September 6, 2012 03:16 pm
Offers bouquet of expertise and services to local Infrastructure Sector
Colombo. Wednesday 5 September 2012: SREI Infrastructure Finance Ltd (India) announced its launch in Sri Lanka through its local partner Arinma Holdings Pvt Ltd.
A pioneer in infrastructure financing in India, SREI Infrastructure Finance Ltd (India) has been steadily playing a lead role towards infrastructural development for a better tomorrow, and, is today synonymous with innovative infrastructure financing.
The collaboration between Arinma Holdings and SREI aims to develop business opportunities in areas such as advisory and services across all sectors, equipment rental for the construction and healthcare sectors, and also, road and rail-related development. Added to this are IT/ITES and PPP services related to industrial parks and tourism-related facilities.
CEO of the SREI Infrastructure Advisory Group, Dr. R. Mandal who flew into Colombo for the launch ceremony said, “Post-war Sri Lanka is currently experiencing an unprecedented boom in construction and large scale development projects all across the country. I, therefore, believe we can contribute greatly to this vibrant economic activity with our expertise and know-how successfully synergising with our local partner Arinma Holdings”.
Chairman of Arinma Holdings Pvt Ltd Ashan Malalasekera said, “We believe that bringing SREI into the Sri Lanka will create a platform for both the private and public sector in Sri Lanka to access what is perhaps the most sophisticated and successful advisory services company in India with its vast talent pool of human resources and experience. It is especially exciting that it brings in a role of Project advisory, Project Structuring on PPP, Transaction Advisory, Financial Advisory, Project Development and Management, that for the first time in Sri Lanka will now be available through its bouquet of services.
In over 23 years of operations, SREI has empowered more than 30,000 entrepreneurs through its bouquet of services in the infrastructure sector comprising Advisory and Development, Infrastructure Equipment Finance, Venture Capital, Capital Market, Infrastructure Project Finance, Insurance and Broking.
SREI BNP Paribas is a 50:50 joint venture between SREI Infrastructure Finance Ltd, and BNP Paribas Leasing Solutions, the largest leasing group in Europe with a presence in over 15 countries. It is registered as SREI Equipment Finance Private Limited. SREI BNP Paribas is the largest construction and mining equipment financier in India, enjoying a customer base of over 28,000, built and nurtured over the past 23 years.
A part of the SREI Group, Quippo Rentals is India’s largest infrastructure equipment rental company, with a focus on the high growth verticals of Construction, Oil and Gas, Telecom and Energy. In addition to operating a state-of-the-art equipment asset bank for the construction and other infrastructure sectors, Quippo has a large pool of fully-trained operations and maintenance personnel spread across various sites in India.
Arinma Holdings Pvt Ltd was incorporated in 2008 to solely work with international business partners and provides a range of services and technology to the Sri Lankan market. It strives to identify and partner with cutting-edge technology and service providers to promote the development of industry in Sri Lanka and its overseas markets.
Arinma Holdings has successfully facilitated custom-made solutions for its customers and principals with its collective development goals and targets in mind. A diversified group with a presence in West Africa, Israel, India and East Asia, its business interests are in renewable energy, mining, heavy machinery, and equipment supply, project development and consumer products.
Photo caption: Chairman of Arinma Holdings Pvt Ltd Ashan Malalasekera (left) and CEO of SREI Infrastructure Advisory Group, Dr. R. Mandal (right) exchange the MOU.