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Sri Lanka is firmly on Indian giant TATA’s radar screen for investment, but a top official said Sri Lanka needs to leverage its strengths and implement its open policies to keep investors coming in.
A quarter of TATA’s international business is outside India and a common thread in its businesses offshore is using high quality, skilled people at lower cost.
“One thing that unites the strategy we are following in a business sense is a theme of using high quality technical and managerial capacity in the countries we operate at lower cost, to compete with more advantages in larger countries and economies around the world,” Alan Rosling, Executive Director of TATA Sons Limited, said Thursday.
“It is a people advantage that powers TATA as it sells software in the United States or TATA Motors as it designs products at a much lower cost than even the Koreans can achieve.
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Rosling was speaking in Colombo on strategies for a globally competitive Sri Lanka, at the inauguration of ACCA’s National Co