Sri Lanka’s DIMO to strengthen local water projects and look at overseas expansion
Sri Lanka’s DIMO, which is one of the leading conglomerates in the country, has reportedly strengthened its operations in order to expand its water infrastructure development projects locally in a bid to increase access to pipe-borne clean water to communities in all parts of the country.
According to reports, the Company is also planning to expand its water infrastructure development projects business to the overseas market while leveraging the local operations.
The Comprehensive Investment and Master Plan for the water supply and sanitation sector issued by National Water Supply and Drainage Board (NWSDB) has reportedly stated that over 50% of Sri Lankans are provided with pipe-borne water. According to this national plan, the remaining population in the country, especially those in rural areas, will benefit by receiving access to pipe-borne water.
Given its extensive experience in the domain and its growing number of successful water projects, DIMO believes that there are ample opportunities to undertake water projects of any scale to help the government achieve its national development objectives, a report in the Daily FT stated.
DIMO was chosen to spearhead the local agency of KSB pumps from Germany several decades ago and has expanded to become a long-standing contractor in implementing state-of-the-art water projects for the NWSDB, the report has further stated.
The Company is a key contractor that successfully executes total water projects on turnkey basis for the NWSDB by means of contributing to enhance the technology in the areas of Water Transmission, Water Treatment, Water Distribution, Automation and many others.
DIMO Chairman and Managing Director Ranjith Pandithage has been quoted as saying, “As our experience in water projects developed, we expanded into other areas within this domain. DIMO is accredited by the Construction Industry Development Authority (CIDA) as a C2 (for civil scope) and EM-1 (electromechanical) graded contractor for water projects, thereby making the company a qualified contractor to undertake integrated water projects in Sri Lanka. In order to further elevate our standing as a reputed and reliable contractor, DIMO aims to gain CIDA accreditation as a CS1 grade contractor for water projects in Sri Lanka while its long-term goal is to become an Engineering Procurement and Construction (EPC) contractor in water projects by 2024.”
OSL take:
The move by DIMO to expand into foreign countries is indicative of the strength, growth and expertise of Sri Lanka’s private sector. Sri Lanka’s ongoing development programme has shown the potential of many local construction companies. With Sri Lanka fast becoming a business hub in the South Asian region, local construction companies have posed a great business potential. Foreign businesses/investors could explore possibilities of forming partnerships/joint ventures with local businesses.
| Article Code : | VBS/AT/20210714/Z_2 |