2.5 Million For The Expansion Process

The Board of Investment of Sri Lanka granted investment acceptance to Jiffy Products S. L. (JPSL) to broaden functions under the BOI. Chairman/Director General Jayampathi Bandaranayake signed the agreement with respect to the BOI and provided the BOI acceptance to the investors. 2.5 million for the extension process. Jiffy Products S.L. Limited is the Sri Lankan subsidiary of Jiffy International AS Kristiansand, Norway.

250 million transnational company involved in manufacturing, sales and distribution of flower propagation substrates, substrate systems and related horticultural products throughout the globe. The ongoing company operates developing sites in Norway, Netherlands, Denmark, Germany, Estonia, Sweden, Spain, USA, Canada, Sri and Japan Lanka. Jiffy International operates sales offices in Netherlands, Norway, Denmark, Italy, France, Germany, Importers and Spain to pay Europe, US and Asia. The inspiration behind Jiffy Group’s venturing directly into Sri Lanka is the availability of Coir fibre pith which is gathering popularity worldwide as a flexible seed propagation and development medium.

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  • New to Forex

Also Sri Lanka’s geographical location plays a key role in offering the fast growing Asian economies like China and India and the founded horticultural markets like Japan, South and Australia Korea. JPSL started its operation in Mirigama Export Processing Zone and has its head office positioned in the zone. In 2006 JPSL began its own coir fibre pith control seed at Pannala in the Kurunegala region. Using the increased substrate capacity, JPSL ventured into other Coir substrate product lines such as Jiffy Grow Blocks, Coco Discs and Jiffy Grow Luggage Jiffy.

In 2008 the company ventured in to producing its plastic propagation trays as it symbolizes a major part of the expense of Jiffy Pellet Pack systems. A 75-Acre land has been acquired in the Kobeigane area in the Kurunegala District with the expectation of growing the coir substrate capacity. Currently JPSL provides work for 250 and the full total investment in JPSL amounts to USD eight million. JPSL earn a revenue of USD three million annually.

Posted by Chandan Sapkota at 2:13 PM 1 comment: Email ThisBlogThis! Chandan Sapkota Economist. Currently, an economist and a mature fellow at Nepal Economic Forum, and contributing financial evaluation for The Economist Intelligence Unit and The Kathmandu Post. Previously, economics official at Asian Development Bank’s Nepal Resident Mission; researcher at South Asia Watch on Trade, Economics and Environment in Kathmandu; junior fellow at Carnegie Endowment for International Peace in Washington, DC, among others.

You argue the industry hasn’t levered its inherent skill in analytics, in terms of optimizing big data to deliver more to its clients. The reason they haven’t embraced for the reason that they haven’t committed to leading-edge data architecture and data management features, and neither have they invested in the data scientists and the data analytics capabilities to essentially exploit the data.

Are there third-party data management companies specifically oriented toward the financial industry, or is this taking place in-house? What I’ve seen more is that firms are investing in their own ability rather than heading outside. They’re recruiting people and then building their own capability. What’s a best- and worst-case scenario for the industry going forward? The best-case situation is embracing change, embracing technology – in a very broad sense – and embracing that customer needs are significantly changing.

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