Mitra Innovation to base majority of workforce in Sri Lanka while expanding to Europe and Africa
A software developer and digital service provider with offices in Sri Lanka, Mitra Innovation, is reportedly looking at increasing its workforce and expanding operations in Europe and Africa.
According to reports, the United Kingdom-based company is to have 300 employees by 2019 from its current 200, out of which 75 to 85 percent will be based in Sri Lanka where it has its research and development, engineering and innovation teams.
Banking, telecom, retail and healthcare are the main industries that Mitra is focusing on, Dammika Ganegama, Managing Director and co-founder has been quoted as saying in the media.
These sectors need to adapt new systems and technology and innovate to face competition, he has told a news conference.
The company is largely focused on the UK, but has now moved onto Germany and the Czech Republic, and is looking to expand into Eastern Europe, Ashok Suppiah, chief executive and co-founder has been quoted as saying.
Mitra also has a subsidiary in Australia and serves one of Australia’s largest hospital chains – Ramsay Hospitals.
The company is expanding its work in the healthcare industry in Australia and is about to win a contract from a large pharmaceutical company, Suppiah has added.
Mitra’s work in Africa includes a mobile payment system that they have implemented in Kenya.
The company will be moving into Eastern Africa, and is looking into Tanzania and Mozambique at the moment.
Mitra has been involved in a few government projects as well.
OSL take:
The move by Mitra Innovation to set up base in Sri Lanka in its global expansion programme is indicative of the potential for businesses to grow and expand in Sri Lanka. The story of Mitra Innovation could stand as a testament for other foreign businesses looking at venturing into Sri Lanka.
| Article Code : | VBS/AT/20181017/Z_3 |