Aark Holdings to set up $100 m conglomerate

Aark Holdings (Pvt) Ltd. Will invest $ 100 m for operations in Sri Lanka. The conglomerate will set up over 72 companies under a wide array of industries, including wind power, automobiles, communication, media, hospitality, export trading and eco-friendly businesses.

Global donations and funding including grants from Cash Money Bank, Miami, funding from Heaven on Earth Africa Charity Project and various organisations in Switzerland, UK and the US will be directed through BOI to set up the largest conglomerate in Sri Lanka.

CEO of Aark Holdings (Pvt) Ltd, Janith Dias Bandaranaike said, "We are thrilled to introduce a concept which will enrich our country and economy. I would like to thank President Mahinda Rajapaksa for introducing the latest technology, innovation research and development enhancing our country. We are here to make a difference and be the difference. The stage is now set to build an 'Aark Millennia'."

The launch ceremony will encompass a series of carnivals from Colombo 4 to Galle Face Green titled 'I am Aark' on December 21.