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Friday, January 28, 2011

Sri Lanka a ‘Virgin Market’ for anything-Analyst

By J.A. Fernando in Colombo

Colombo, 28 January, (Asiantribune.com): Economically booming Sri Lanka after ending a three decade war could be a ‘Virgin Market’ to any business or trade according to a top analyst - Director Research at Capital Trust Securities, Sarath Rajapakse.

“Our country is a ‘Gold Mine’ and there are many opportunities where we could start in new ventures in Sri Lanka,” said Rajapakse speaking to The Asian Tribune. “Sri Lanka has lots of market niches” he said.

According to Rajapakse Sri Lanka has still more space for industries such as poultry, gaming and entertainment, while there is a huge growth prospectus for what he explained as ‘Sinful Industries’ as per religious practitioners of different backgrounds.

“We are a country which has no proper entertainment industry for people, apart from set of people in a different social level who are attracted to visit Colombo city hotels and casinos for gaming and entertainment, while many people go to beaches at night for sea breeze or paddle in slight sea waves, while some are just rallying in public playgrounds killing mosquitoes. In time to come I believe that many entertainment oriented companies will be also listed like in other countries; but right now local casinos have no shortage of capital which make them need not to go public” opined Rajapakse.

Outlining his perspectives on the poultry share run that took place in Sri Lanka’s Colombo Stock Exchange at recent times, Rajapakse said that “The all time high appreciation of poultry industry related shares such as Bairaha Farms, (BFL), Three Acre farms (TAFL), Grain Elevators (GRAN) was witnessed due to the less supply from the industry where as there’s a huge demand for tones of chicken in the country.

“We are a chicken eating nation although many consider it as an unholy thing to do. So there are only a few people who are in poultry business” said Rajapakse adding that a an each member of a typical family with four to five members at least eat one kilo of chicken per week among the 20 million populace in the country.

source - www.asiantribune.com