More investment from Singapore on the way

Redbulls · 1 More investment from Singapore on the way Wed Sep 26, 2012 1:12 am

Redbulls

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Depending on the success of OTTC, Fonda Global will invest in projects over US$ 3 million, Fonda Global Engineering Director James Siow said.

“We are testing the waters with this one,” he said.

If the venture is successful, more Singapore businesses will also look at Sri Lanka to invest.

“There are over 100 Singapore businesses here; but there is opportunity for 1,000 more. And they are looking at us and our success in the business.”

Within six months, if proven successful, more companies will jump on the bandwagon to invest in Sri Lanka here.
http://www.ft.lk/2012/09/26/more-investment-from-singapore-on-the-way/

Chinwi · 2 Re: More investment from Singapore on the way Wed Sep 26, 2012 6:18 pm

Chinwi

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What is OTTC ?

Overseas Testing & Training Centre, OTTC (Sri Lanka)

In Singapore, Fonda is a household name as the company has secured many contracts to build high value buildings for the Singapore government including housing projects, schools, polyclinics, military bases, public infrastructures, food malls and convention centers.

Fonda’s purpose built facilities in OTTC SL will, once completed, include classrooms, conference room, rest area, canteen and show room. In the initial stages, the facility built at an investment of US $ 1.7 million will train 250 persons every month.....

To start with, the areas of technical training at the Center will include the following: system formworks, aluminium formwork, timber formworks, precast kerbs and drains, steel reinforcements, door and window aluminum, door and window timber..........

The training and testing will be conducted at the Center, which is at the BOI Export Processing Zone at Katunayake. Candidates will have to sit for theory and practical exams conducted and assessed by the Building and Construction Authority of Singapore.

http://www.nation.lk/edition/biz-news/item/10790-singaporean-project-to-boost-sl-construction-sector.html