Stax was engaged by a multinational group of companies evaluating the option of moving their date processing and packaging operation to Sri Lanka.
The main objective of the engagement was to provide the Client with the necessary information related to setting up of this operation so that they could evaluate all options and make an informed decision as to how best to proceed.
Our primary research efforts involved phone conversations and visits to relevant government departments, rating agencies, foreign embassies, and equipment vendors.
Concurrently, we also conducted secondary research on publically available and proprietary sources to build our fact base.
Our findings helped our Client in better understanding the process in setting up their operation. The Client is currently finalizing the investment plan.
We found that the reduction of trade barriers and the creation of a more stable and transparent trading and investment environment has made it easier for Sri Lankan companies to export their products, which would be beneficial to our Client.
Our recommendations to the Client also included the best option for company registration, most attractive location, wage standards, and advise on procurement of necessary equipment.