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Carmart retains MTI to strategize the legacy of the family business

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Carmart, one of Sri Lanka’s pioneering auto businesses, has retained the services of MTI Consulting to chart the group’s strategic direction and to gear the business to capture the opportunities that the Sri Lankan economy will offer the transportation sector in the next 5 to 10 years. Carmart was founded in 1948 by late Mr. Clarence P. Amerasinghe, who began by importing used Peugeot and Volkswagen cars. In 1953, the company obtained official agreements and became the authorized distributor in Sri Lanka for the brands. This family owned business had evolved over the past six decades and has established its legacy not only in the Sri Lankan market, but also in the Asian region as the oldest importer for Peugeot. Today Carmart is the Sri Lankan authorized importer, authorized repairer, and spare parts distributor for Peugeot and Mazda, and has just commenced working with Sinotruk, China’s largest export-market manufacturer of heavy vehicles. Director and CEO of Carmart, Yasendra Amera…

South Asia Textiles to implement MTI-enabled Strategic Plan

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South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric, is to implement the 5 year Strategic Plan developed with MTI Consulting.  In developing the strategic plan, MTI employed its internationally acclaimed 8S® Model framework to conduct a detailed review of SAT’s current position and chart its future strategic direction. The development cycle engaged the management team of South Asia Textiles through a highly inclusive process of strategic planning consisting of eight stages namely; Scope, Scan, Sights, Strategy, Structure, Staff, Sustainability/Social Responsibility and Systems. Given the dynamic, fast-paced and intensely competitive nature of the global fashion industry, the implementation of the strategic plan will enable South Asia Textiles to respond more effectively and profitably to the fast-changing dynamics of the industry.
South Asia Textiles, a subsidiary of Lanka Century Investments PLC, com…

MTI in Perth to strengthen research ties with UWA

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MTI CEOHilmy Cader arrived in Perth to strengthen ties with The University of Western Australia (UWA), with the intention of jointly exploring opportunities in Sri Lanka for research and executive education. UWA, which is ranked 91st in the world, appointed MTI as their Sri Lankan representative in 2016.
UWA pertains to be one of the strongest research intensive Universities in Australia. It successfully holds its place in the Group of eight (Go8) as one of Australia’s eight leading research Universities.
UWA's Pro Vice-Chancellor (International), Mr. Iain Watt stated, “We are excited to be working with MTI and for the potential opportunities that Sri Lankan students now have better access to. UWA offers a variety of courses, subjects and cutting edge research opportunities, all of which are highly acclaimed. The university and prospective Sri Lankan students, have much to benefit mutually, in both cultivating the rich culture of research, and allowing for a holistic education.”

MTI’s ‘idea2fund’ all set for launch of Wave 3

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‘idea2fund’ – the year round venture competition powered by MTI Corporate Finance is on the verge of launching its 3rd wave this October. Since its inception in 2016, the mission of idea2fund has been to create a platform for prospective entrepreneurs to present their venture ideas, get linked with potential investors, be challenged and receive constructive feedback from pioneers in the respective fields. The first 2 rounds proved successful, having received over 300 applications from enthusiastic prospective entrepreneurs covering various spheres.
In its past two waves, idea2fund proved successful in scouting several great talents including the introduction of the mixed media lifestyle design brand, Bakamuna in 2016. According to MTI CEO, Hilmy Cader, “The role of conventional business models are being radically transformed by disruptive business models, and ‘startups’ will soon become the name of the game.We at MTI believe that this new breed of entrepreneurs will challenge the cont…

MTI clinches International Tea Strategy assignment in Kenya

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One of Kenya’s fastest growing niche tea brands, APT Commodities has  signed up MTI Consulting to further strengthen their internationalization process– as part of the company’s aggressive growth strategy.  The project will also have a M&A competent,   that focuses on identifying an international tea company as a strategic investor to work with APT in reaching new markets.
APT Commodities Limited is a fully owned Kenyan tea trading company with an international outreach in markets such as Pakistan, Kazakhstan, Malaysia and Egypt. The company houses several brands such as Jambo, Hassan (in the Black CTC segment) Sinbad (in the Orthodox segment) and Equator (in the Green Tea segment).  APT is a member of the Tea Directorate and East Africa Tea Trade association.
“The time has come for APT to incubate new ideas and partners in order to stay relevant in this volatile geo political market. Our early success in international markets has inspired to pursue a deeper penetration of interna…

MTI idea2fund’s Bakamuna featured at AOD’s Design Sense

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Chief Bakamuna/ CEO, Rochelle Bibile presented a design talk at AOD’s Design Sense on the 10th of September at the AOD International Design Campus.  Bakamuna is a mixed media lifestyle design brand powered by MTI’s idea2fund which aims to create, connect, and collaborate with businesses to add value through design.
Design Sense was a public event hosted by AOD, a design campus offering world renowned design degrees from UK's Northumbria University School of Design. The event took place on the 9th and 10th of September at AOD. The open house was a weekend of Creative Intel and included a range of specially curated activities such as design talks, video screenings, workshops, mini exhibitions, design studio sessions, one-on-ones with design experts, career counselling and more. 
Rochelle Bibile shared Bakamuna’s experience on conceptualizing and creating the production artwork for Theatre Junction’s contemporary musical ‘Cinderella’. She addressed the importance of visual communicatio…

CIC’s Rs. 2 billion Agri-Investment to boost Sri Lanka’s economy

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Meanwhile the Group is rationalizing some of its legacy operations
Sri Lanka’s long-standing leader in agriculture – the CIC Group – has elevated the country’s agriculture sector via futuristic investments amounting to over Rs. 2 billion, which are now infusing state-of-the-art technology into the industry, thereby making an enduring impact on the livelihoods of farmers.
Cropwiz, one of the country’s largest agriculture project to be resilient to seasonal weather patterns, is one such futuristic investment, which indicates the potential for protected agriculture at a time during which changing weather patterns are wreaking havoc on the country’s agriculture and food production. The project, with an investment of approximately Rs. 1 billion – is an international Joint Venture and employs cutting-edge greenhouse technology which enables ‘climate smart,’ year-round production, mitigating impact of climate change.
The project employs automated climate control and fertigation systems, as …