Indonesian retail chain to enter Sri Lanka
Oct 14, 2015 15:54 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Mitra Adiperkasa (MAPI), one of Indonesia’s biggest retail store chains, is planning to enter the Sri Lankan market, a senior member of the Sri Lanka and Indonesia Business Council said.
Indonesian companies were interested in making use of the opportunities opening up in Sri Lanka, said Jatinder Biala, outgoing president of the business council and head of ISIN Lanka Pvt Ltd., a yarn manufacturer and exporter.
He said that during a visit to Indonesia recently he met the owners of Mitra Adiperkasha (MAP), which operates 1,900 stores, retailing over 150 brands and employing more than 23,000 people in 65 Indonesian cities.
“They have already taken steps to promote their products in Sri Lanka,” Biala said. “Very soon they are opening a subsidiary in Sri Lanka.”
Mitra Adiperkasa, which calls itself a lifestyle retailer in Indonesia, has businesses in retail (clothes, sports and toys), department stores, cafés and restaurants.
It also operates stores of major foreign brands such as Starbucks and Zara in Indonesia under franchise contracts.
(Colombo/October 14 2015)