Sunshine Holdings mulls massive expansion
There are ample investment opportunities in Sri Lanka’s key growth
sectors. Sunshine Holdings will be looking for opportunities to invest
in healthcare manufacturing, healthcare retail chain, dairy farm,
plantation and mini hydro power sectors to the tune of Rs 3.95 billion,
Managing Director, Sunshine Holdings Group, Vish Govindasamy said.
“We are reasonably bullish of the present business climate. The
investment will be spread over the next 4-5 years.
However, the medium and long-term plans will be subject to change
based on a feasibility analysis and market conditions,” he said.
“We account for the highest market capitalisation among the regional
plantation companies in the Colombo Stock Exchange. The company hopes to
increase its global presence to ensure sustainable growth while
investing in human resource development and introducing innovative
products,” Govindasamy said. “Among the key areas for expansion are
local production of generic pharma products and strengthening the
wellness range with our own brand.
We will invest Rs. 1 billion on healthcare manufacturing and related
processes and our healthcare retail chain will be further expanded and
upgraded with an investment of Rs 150 million,” he said.
The company’s dairy farm will be expanded with an investment of Rs. 2
billion. The current capacity of the dairy farm is 1,200-1,500 litres
There will be an investment of Rs 200 million in the plantation
sector to improve and strengthen its tea brand.
With an investment of Rs 600 million in the mini hydro power sector,
the company hopes to generate 7.5 MW of power, he said. The
strengthening of the core business is expected to drive growth of the
diversified conglomerate. It is also ranked among the top 50 companies
in Sri Lanka by the LMD magazine.