In Sri Lanka wird mehr und mehr investiert: Virtusa to invest $33m in India Hyderabad, April 4: Virtusa Corporation, a provider of software development and IT services, said on Tuesday that it will be investing $33 million in its Indian operations and $15 million in Sri Lanka in 2006-07.Virtusa, which is based in the United States, has its biggest development centre in Hyderabad, and facilities in Chennai and Colombo in Sri Lanka, employing a total of 2,500 people. The company has been allocated six acres of land at the Hi-Tech City here to build its own campus, for up to 5,000 employees, Virtusa chairman and CEO, Kris Canekaratne, said in a statement on Tuesday. "Our recently completed fiscal 2006 was a year marked by continued growth and significant accomplishments. We ha-ve enjoyed a three-year compounded annual gro-wth rate of over 45 per cent. We have experienced this aggressive growth by winning new accounts, expanding exi-sting accounts and incr-easing our service offerings. The additions to our management team and our planned investment in Asia represent our confidence in the future, as we continue to expand our global presence," he said. Sri Lanka starts investment zone targeting European Union Apr.04 (LBO) - Sri Lanka is inviting Pakistani investors to set up factories in a dedicated investment zone and export to the European Union using preferential access channels, following the President Mahinda Rajapakse's recent visit, a top bureaucrat said. "In this visit, there was an understanding reached between the two governments to establish a dedicated investment zone for European Union particularly high value added products," Treasury Secretary P B Jayasundera told journalists in Colombo Tuesday. "Sri Lanka is the only South Asian country which has got market access to the European Union through the GSP plus scheme." -Full Story- (irishsun.com - 05/04/06) Sri Lanka : Pakistan invited to investment zone to capture EU market Pakistani investors are invited to start manufacturing units at investment zone and export to the European Union using preferential access channels, said P B Jayasundera, Sri Lankan Treasury Secretary. During the visit of President Mahinda Rajapakse to Pakistan, both countries came to a decision of establishing a dedicated investment zone for EU, especially for high value added products, informed Jayasundera. -Full Story- (fibre2fashion.com - 05/04/06)
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