Abans to diversify

Abans, has been reaching out to urban as well as rural families with its world renowned products with easy payment terms and is now looking at opportunities to diversify.

Aban Pestonjee

Chairperson and Managing Director Abans, Aban Pestonjee said that with the end of the war against terrorism, there is tremendous potential for tourism which the company is studying with the intention of setting up resorts and venturing into attractions and entertainment for tourists.

"We are looking for suitable sites for these new ventures and are also in the process of developing lands already owned by the company," she said.

Abans is also looking at building shopping malls within the city limits where locals as well as tourists can have more opportunity for entertainment. Pestonjee said that her vision has been to develop department stores with entertainment and food courts everything under one roof, where families can spend the whole day.

Pestonjee lauded the Governments ongoing development drive and expressed satisfaction over the Colombo restructuring projects. She said the development drive needs to be expedited to achieve set targets.

Pestonjee said that there were changes in consumer preferences. People were looking for quality products and quality services at affordable prices which Abans was able to offer.

Purchasing power for such items has improved remarkably since the previous year.

Pestonjee said "Consumers have also become very brand conscious and prefer to invest in world famous brand names."

"Abans has teamed up with leading multinational brands and continuously gathers inputs from them for better service and better products," she said.