One of Japan’s largest conglomerates establishes first offshore partnership in Sri Lanka
One of Japan’s largest conglomerates operating in a multitude of sectors, the Odakyu Group together with its consortium partners Stasia Capital and UDS, has reportedly established its first offshore partnership in Sri Lanka.
Sri Lanka’s multifaceted conglomerate, TAD Group, has formed the partnership with Japan’s Odakyu Group.
According to the local media, with ongoing mandates engaging numerous partners in the property, energy and investment sectors in the country, the exclusive Odakyu-TAD partnership brings in an expected investment of Rs. 4.5 billion with a number of significant further investment mandates to bolster the Sri Lankan economy over the upcoming years.
The Odakyu Group operates as a diversified conglomerate with interests in transport, real estate, merchandising and hospitality.
Spread across 44 subsidiaries and generating annual revenues in excess of US$ 4.6 billion, one of the pioneering drivers of Odakyu’s powerhouse success in Japan lies in its unique model of diversification. UDS, a fully owned subsidiary of the Odakyu Group, is a renowned end-to-end property solutions provider that has mastered the development and fulfillment of star class award-winning properties in South Asia. Its services reach out from business planning and architectural design to commercial operations, reports further state.
This new innovative trifecta of partnerships is reportedly looking at creating a renewed era of growth and leadership in the Sri Lankan economy.
OSL take:
The formation of a joint venture between one of Japan’s largest conglomerates and a Sri Lankan company is an encouraging sign for other foreign businesses to also follow suit and form similar joint ventures in Sri Lanka to engage in the many business/investment opportunities in the island nation. The Sri Lankan government’s development agenda has resulted in the expansion of many business/investment opportunities in many sectors in the country. Therefore, foreign businesses/investors could explore business opportunities in Sri Lanka.
| Article Code : | VBS/AT/21022019/Z_5 |