Businesscafe - Students from Cornell University, New York, USA and the University of Moratuwa, recently visited Brandix and its facilities, establishing a bridge between academia and industry in the pursuit of innovative solutions.
Businesscafe - Sri Lanka Badminton is set to host its second international tournament of the month, the Li Ning Sri Lanka International Series, from February 13th to 18th at the Dadella Sports Complex in Galle.
Businesscafe - Embarking on a new beginning, Sri Lanka Insurance Corporation General Ltd (SLICGL) and the Mercantile Cricket Association (MCA) have forged a strategic partnership leveraging the strengths of both entities, offering distinctive collaborative benefits to MCA members.
Businesscafe - Exterminators PLC, Asia's first publicly listed, great place to work certified pest management and environmental enhancement technology company, is delighted to announce the appointment of Dr. Kishu Gomes as its chairman with effect from February 8, 2024.
Businesscafe - JAT Holdings PLC, the market leader for wood coatings and brushes in Sri Lanka, recently celebrated a significant milestone with the successful conclusion of the 3rd Convocation under its well-established and highly successful JAT Pintharoo Abhiman programme.
Businesscafe - Socomec India, a leading global specialist in Low Voltage (LV) power management, has unveiled its ambitious expansion plan today.
The Chennai-headquartered French powerhouse is set to venture into the markets of Sri Lanka, effective immediately.
Termed as 'Greater India,' this strategic move consolidates into a unified business entity, marking a significant milestone for Socomec India and opening up new opportunities for business growth.
Speaking on the expansion, Mr. Meenu Singhal, Managing Director of Socomec India, stated,
"Our commitment to meeting the evolving energy needs with innovative power solutions in the Asian market remains unwavering.
Engineered in Europe and proudly manufactured in India, our products are poised to make a substantial impact in the markets of Sri Lanka and Bangladesh.
This expansion solidifies our dedication to the 'Make in India' initiative, with India serving as a pivotal hub for Socomec's strategic growth in the Asia Pacific region.
Our adherence to global quality standards positions us to navigate this journey with ease.
We look forward to building lasting partnerships and empowering businesses with sustainable and efficient power solutions, further strengthening Socomec's position as a trusted leader in the industry.”
With a recent €5 million investment by Socomec Group in the Indian market to enhance manufacturing capacity, the goal is not only to meet local demands but also to cater to exports to Sri Lanka and Bangladesh.
Socomec India is energizing the country through its innovative power solutions, including Uninterrupted Power Supply, Power switching, and monitoring solutions.
Leveraging cutting-edge Technology, these products are tailored for Data Centers, Manufacturing and Process Industries, Healthcare, Infrastructure, Commercial Buildings, and Renewable Energy.
With a focus on local presence, these product categories will now be available in the Sri Lanka and Bangladesh markets.
With this expansion, Socomec India aims to double its revenue in these regions within the next 3 years.
To fortify this ambitious growth plan, Socomec proudly announces the appointment of Mr. Suhard Amit as the General Manager, tasked with steering the company's initiatives in the emerging markets of Sri Lanka and Bangladesh.
Mr. Amit, with a distinguished career spanning over 25 years in diversified market segments, brings a wealth of expertise to the role, positioning him as a key driver of Socomec's strategic endeavors in these dynamic markets.
As Socomec India embarks on this exciting journey of expansion, the company remains dedicated to delivering excellence and innovation in power management.
The commitment to sustainable solutions and superior quality will not only benefit businesses in Sri Lanka and Bangladesh, but also contribute to the overall development of these regions.
This move contributes to the broader South Asian Association for Regional Cooperation (SAARC) initiative, promoting economic cooperation and regional integration.
The 'Greater India' vision positions Socomec as a catalyst for cross-border trade and cooperation within the SAARC nations.
About Socomec
Established in 1922, Socomec is a globally renowned specialist in Low Voltage (LV) Power Switching, Monitoring and Power Conversion products, dedicated to managing power and safeguarding people, equipment and installations.
Offering 24/7 Expert Services, Socomec ensures the reliability and optimization of end-users' equipment.
With a workforce of 3900 employees, 12 production sites, and over 30 subsidiaries spanning five continents, Socomec Group is a key player in the industry.
Headquartered in Chennai, Socomec India boasts branch offices across 12 locations nationwide, with a cutting-edge manufacturing facility situated in Gurugram, Haryana.
Leveraging over a century of expertise, the Group is committed to constant innovation, enhancing energy performance in Data Centres, Healthcare, Infrastructure, as well as industrial and commercial sites.
As a recognized expert, Socomec delivers state-of-the-art solutions, ensuring the highest availability of electrical power supply to critical and non-critical facilities.
Tailored to customer needs and fully compliant with international standards, the company consistently upholds excellence in power management.
Photo Caption Left to Right Mr. Meenu Singhal, Regional Managing Director (India) and Mr. Devesh Singhania, CFO(India) and APAC Industry Controller from Socomec India.
Businesscafe - Samsung Sri Lanka announced the global availability of the new Galaxy S24 series, which has received an impressive number of pre-orders thanks to its transformational Galaxy AI capabilities.
Businesscafe - WindForce, the pioneering renewable energy developer in Sri Lanka, has made a significant announcement regarding its dividend for the fiscal year 2023/2024.
Businesscafe - DFCC Remittances has continued to serve the Sri Lankan diaspora by providing seamless, secure, fast, and affordable inward remittances to Sri Lanka.
Businesscafe - Seylan Tikiri, the No. 1 children's savings brand in the country, recently joined hands with Matale St. Thomas Girls’ Primary School in an effort to instil a sense of financial literacy among the young student body, by organising a Seylan Tikiri Pola that came alive at the school premises.
