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Futurex Sri Lanka International Exhibition 2012

Post Time:Feb 01,2012Classify:Industry NewsView:129

After the war, Sri Lanka becomes the hottest country for the investments, and the tourism industry started booming along with construction industry. The foreign investment started pouring in such a way that Sri Lanka became the most favored destination for investors. Government of Sri Lanka’s pro investor policies became the most inviting factor. In such a scenario it became very pertinent to have a show which is the soul of any construction, Glass, Doors and windows industry and the facade industry.

Futurex trade fair and events proudly invites you to be the part of its maiden show on Glass, doors, windows and facades for you to explore expand and engage the most exciting business opportunities in Sri Lanka. This is the right time to penetrate the market and get hold of future business. The Lanka Glass International Expo along with Lanka International Windows & Doors Exhibition will be the ideal platform for the companies to showcase their products, services & Technology as this will be only show in Sri Lanka which will be bringing all the stakeholders of the Glass & Fenestration Industry together.

The Lanka Glass International Expo along with Lanka International Windows & Doors Exhibition is organized by Futurex Trade Fair & Events Pvt. Ltd. We introduce as one of the experienced & professional exhibition organizer in India & Sri Lanka. Our Expertise lies in identifying the emerging sectors which have scope and potential for trade show and create a platform for the industry to interact and engage and play the catalytic role in the growth of industry. The Exhibition is scheduled to be held from 28th to 30th at BMICH (http://www.bmich.lk/), Colombo, Sri Lanka.

Sri Lankan Building & Construction industry Overview

In 2010, the economic infrastructure development program of the government focused on all areas of infrastructure; development of roads, water supply and sanitation, ports and aviation, transport, housing and urban development, establishment of industrial zones, hospitals and warehousing and logistic centres etc.

The construction sector expanded significantly by 9.3% in value added terms in 2010 compared to 5.6% in 2009. Increased activity in construction was depicted by the growth in domestic production of building material by 12% during the year. Cement availability grew by 18.1%in 2010 compared to a contraction of 11.1 per cent in the previous year. The increased involvement in the private sector was reflected in the growth of private sector credit for construction purposes by 19.3% during the year.

The construction sector expanded with the acceleration of the ongoing road development projects such as expressways, inter-regional national highways and mega construction projects and urban development projects together with construction of houses and reconstruction work done in newly liberated areas boosted construction activities in the country.

Sub Sector under tremendous growth:

  •     Housing and Property Development
  •     Shopping & Office Complex
  •     Hospital Services and Medical Services
  •     Warehousing & Logistic Services
  •     Exhibition Centers
  •     Industrial Parks
  •     Construction of Highways and Railways

The end of the island's 30-year ethnic war in 2009 has revived economic activity and resulted in an infrastructure building boom. Total cement production rose 16.7 percent to 3,749,005 metric tonnes in 2010 from 3,212,865 MT in 2009.

The country’s housing stock has risen by 26% to 4.9 million units but a key lender to the sector has urged for greater dynamism as there is a shortage of 350,000 units with annual demand increasing by a further 100,000.

Source: http://www.glassonweb.com/news/index/15016/Author:

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