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roshana7549- Posts : 280
Join date : 2014-04-18
LSE to shift Bangalore research facility to Sri Lanka
Wed Mar 09, 2016 7:44 pm
Mar 09, 2016 (LBO) – The London Stock Exchange (LSE) plans to shift its Bangalore-based research facility to Sri Lanka, a senior official said.
“They are shifting from Bangalore to Sri Lanka, and usually it is the reverse that happens. This is a major win for Sri Lanka,” Ranjith Fernando, chairman of the Urban Development Authority said, speaking at the Sri Lanka Investment and Business Conclave.
“The LSE has taken land from one of our industrial parks, where technological developments are going to take place. All IT oriented developments will be based from here,” he said.
From an investor’s point of view this is a good sign, he said.
Sri Lanka is targeting foreign direct investments to grow to five billion US dollars in the next three years.
- poor boyActive Member
- Posts : 766
Join date : 2014-10-09
Re: LSE to shift Bangalore research facility to Sri Lanka
Wed Mar 09, 2016 8:10 pm
This is a good news for the fight against ETCA .
Axe- Posts : 251
Join date : 2014-02-23
Re: LSE to shift Bangalore research facility to Sri Lanka
Wed Mar 09, 2016 8:31 pm
roshana7549 wrote:
“The LSE has taken land from one of our industrial parks, where technological developments are going to take place. All IT oriented developments will be based from here,” he said.
Isn't Millennium IT their technology arm? I thought MIT caters to all their IT requirements.
LeonTop contributor
- Posts : 1264
Join date : 2014-03-11
Re: LSE to shift Bangalore research facility to Sri Lanka
Thu Mar 10, 2016 8:21 am
As I remember Millennium IT was responsible for their trading platform.godswen wrote:roshana7549 wrote:
“The LSE has taken land from one of our industrial parks, where technological developments are going to take place. All IT oriented developments will be based from here,” he said.
Isn't Millennium IT their technology arm? I thought MIT caters to all their IT requirements.
- LeonTop contributor
- Posts : 1264
Join date : 2014-03-11
Re: LSE to shift Bangalore research facility to Sri Lanka
Thu Mar 10, 2016 8:23 am
Definitly this is a good news. Education & Research is very important in this business.
LSETech Contributor- Posts : 1321
Join date : 2014-06-04
Re: LSE to shift Bangalore research facility to Sri Lanka
Thu Mar 10, 2016 9:56 am
Yes. Leon I agree with you. 
Leon wrote:As I remember Millennium IT was responsible for their trading platform.godswen wrote:roshana7549 wrote:
“The LSE has taken land from one of our industrial parks, where technological developments are going to take place. All IT oriented developments will be based from here,” he said.
Isn't Millennium IT their technology arm? I thought MIT caters to all their IT requirements.
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