Mahindra & Mahindra is engaged in a wide range of investments in the manufacturing, hospitality, IT, Real Estate, automotive and other sectors.

They discussed on wide ranging opportunities of investment identified by the Mahindra Group in Sri Lanka. The Chairman of Mahindra, Mr. Anand Mahindra, was very optimistic of the possibilities for investment in Sri Lanka, stating that the company was interested in strengthening a neighbour of India that has embarked on a path of development.

President Rajapaksa said he looked forward to the best business relations with companies from neighbouring countries such as India, and that Sri Lanka offered every facility for investment that will be mutually beneficial to the investor and the Sri Lankan people.

"Sri Lanka can provide a platform for large multinationals like us," Anand Mahindra, Vice Chairman and Managing Director of the Mahindra Group told a news conference yesterday (August 18).
"There is a feeling of Sri Lanka being on the move."

He said the company plans to send a bigger team representing all 10 sectors of the group's businesses soon for talks with the Board of Investment soon.

A company statement said the Mahindra group's future plans for Sri Lanka include expanding its range of tractors and vehicles sold in the island through its partner Ideal Motors, and offering agricultural implements.

A group unit Mahindra Holidays and Resorts is planning to expand into Sri Lanka as more and more Indians are interested in travelling to the island.

Mahindra Group manufactures utility vehicles and tractors in India and is also involved in information technology. It has a growing business in financial services, tourism, infrastructure development, trade and logistics. It also supplies vehicles for India's defence forces.

"A group like ours is capable of integrating and aligning with the new growth opportunities in Sri Lanka," Mahindra said. He added the group's hospitality and finance sectors were represented in the team which visited Sri Lanka this week.

"That's just the tip of the ice berg. We're returning to meet with the BOI for comprehensive meetings with all our sectors.

"With the BOI we've decided we will create a road map for the group and set out specific priorities for each of our sectors."