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DIMO Batta handed over to Samurdhi Beneficiaries

November 7, 2011

DIMO Batta vehicles were recently handed over to Samurdhi Beneficiaries under the Divi Neguma project. These include recipients of Samurdhi stamps and also those who have elevated to the next level through the Samurdhi scheme.

The official handing over ceremony was held recently at the Divi Neguma Home Based Industrial Exhibition held at Gampaha. It was held under the patronage of Hon. Basil Rajapaksa (Minister of Economic Development), Hon. A.H.M. Fowzie (Senior Minister), Hon. Douglas Devananda (Minister of Traditional Industries and Small Enterprise Development), Hon. Prasanna Ranathunga (Chief Minister of Western province), Hon. Sarath Gunarathna (Deputy Minister of State Resources and Enterprise Development), Hon. Sarana Gunawardena (Deputy Minister of Petroleum Industries), Mr. Ranjith Pandithage (Chairman – DIMO), Mr. Gahanath Pandithage (Deputy CEO – DIMO), Mr. Vijitha Bandara (General Manager – TATA Commercial Vehicles) and Mr. R.G.B. Tilekesiri (Director General of Samurdhi Authority).

There are more than 1.5 million Samurdhi members and an additional 4.5 million indirect beneficiaries. Samurdhi beneficiaries now have access to owning a DIMO Batta through the 1327 Samurdhi Banks available island wide at a low down payment of Rs. 100,000/=.

The Samurdhi Movement which has the building of a prosperous Sri Lanka through a comprehensive development among disadvantaged groups in the society as its mission has kept numerous progressive as a pilot project towards sustainable development. This program has become a viable movement which has affected a comparative revolution in the field of development. Thus it has contributed to bring in positive changes in the economic and social levels of low income families. This program is being implemented for the purpose of creating prosperous and beautiful hamlets and livelihood under the Mahinda Chintana and in accordance with the SAARC CHARTER for the elimination of poverty by the Samurdhi Authority of Sri Lanka.

The local poverty rate of 28.8% that prevailed in the country at the time of birth of the child “Samurdhi’ in 1996 has been reduced to 15% and this fact bears testimony to the vital role played by “Samurdhi’ and principal mediator in the matter.

DIMO Batta is the best selling commercial vehicle in the history of commercial transportation in Sri Lanka with more than 22,000 units on the road. A superior product from TATA Motors India, DIMO Batta is sold, serviced and cared by Diesel & Motor Engineering PLC (DIMO) – the authorized distributor for TATA Motors in Sri Lanka. For the convenience of its customers the DIMO has Sales, service and spare parts outlets Island wide, including more than15 DIMO owned branches.

Schwing Stetter investing Rs 80 crore to expand its India operations

November 2, 2011

Concreting equipment manufacturing company Schwing Stetter on Monday launched 19 new products at the Excon 2011 show here. Excon 2011 is an exhibition of the construction equipment industry, organised once in two years by the Confederation of Indian Industry.
The 19 products take the product portfolio of Schwing Stetter to 61. All but two of them will be produced in India, at the company’s plant in Chennai.
Schwing Stetter’s Managing Director, Mr Anand Sundaresan, told Business Line that the company would invest about Rs 80 crore between now and the end of 2012 in expansion.
The investment programme is already underway and a new plant is coming up adjacent to the existing plant near Chennai, he said.
Among the products launched is ‘Nimo’, a small LCV-mounted ready-mix concrete machine that can work in cities during the day time (large trucks are not allowed in major cities except in the nights.)
While the Nimo (named for its size after the famous piscine protagonist in the movie Finding Nemo) is meant for small volume operations, at the other end of the product offering, is a concrete laying machine that produces its own ice to mix with cement instead of water.
Cement mixing with water gives rise to an exogenous reaction (that produces heat) and as a result it takes a long time for the concrete to cool. Between these two products there are 17 others meant for niche applications such as construction of large dams, tunnelling and high-rise buildings. One of them (imported) can lay concrete at a height of 43 metres.
Schwing Stetter, a multinational of German origin, has been in India (Chennai) for a little over a decade now. In the current year, it expects to achieve a turnover of Rs 1,100 crore.
The topline is expected to grow at a faster clip in the coming years because, apart from the aid of new products launched today, “our parent company has asked us to cater to the markets of South-East Asia and SAARC countries too,” Mr Sundaresan said.