MAS Holdings Chairman Mahesh Amalean said that he believed Sri Lanka’s ceramic, glass, and red clay industries have the potential to double in size and become a hundred-billion dollar industry in the next decade.
He made these remarks while delivering the keynote address at the inauguration of the Sri Lanka Ceramics and Glass Council Symposium held in Colombo recently.
“How do you double the size of the ceramic, glass and red clay industry in the next 10 years?” he asked. “I am confident with the knowledge and experience the people have in this industry, together with opportunities such as new technologies like digitalisation and automation, Sri
Lanka’s ceramic, glass and red clay industry can double its size and become a Rs100 billion industry in the next five to six years.”
He added that he has witnessed MAS’s own business environment changing rapidly in three specific ways.
“Firstly the traditional channels of distribution such as retailers and brands are being disrupted by digital platforms. Secondly, our customers are looking for speed-to-market
(speedy market access) with customisation at affordable prices.
Thirdly, the rising cost of inputs such as energy,” he said.
He said creativity and ingenuity could greatly bolster Sri Lanka’s industry. “Never before it has been possible like it is today,” he said adding “Technology can level the playing field to leapfrog over competition and revolutionise the industry.”
MAS Holdings Chairman Mahesh Amalean addressing the event. Picture by Sulochana Gamage
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