Launch of Build SL 2024
CCI Launched its flagship premier Build SL Housing & Construction International Expo 2024
The Chamber of Construction Industry of Sri Lanka held the launch of Premier Build SL Housing & Construction International Expo 2024 at the Hotel Galadari (California Grill) in a fitting event in the evening of the 29th November 2023.
The event was participated by the President and Council Members of the Chamber, longstanding exhibitors at the previous Build SL Expo’s, last year valued sponsors and industry leaders.
The Build SL 2024 Expo is due to be held on the 10th, 11th, and 12th May at the BMICH, Sirimavo Bandaranaike Convention Centre.
Plaques of appreciation were presented to all the sponsors of last Expo. In addition, pledges of support for the forthcoming Expo were made by the sponsors who have already decided by handing over the sponsorship cheques to the President CCI.
Archt. Jayantha Perera in his speech noted Success of the Construction Industry is a culmination of the successes of its stake holders. That is the architects, engineers, other related professionals, the contractors, the producers, and the suppliers of related products and material needed for the construction of building and other constructions.
We need to support each other to achieve success of our industry. In today context it absolutely required to be together if are to sustain our industry which is facing serious carious due the may reasons beyond our control.
Eng. Nissanka N Wijeratne, CEO/ Secretary General, CCI stated that the Build SL launch is held in a back drop of rather dull construction performance during last 2 ½ years. But the industry is hopeful that there will be positive developments in future. In the Budget 2024 presented in Parliament Rs.240.8 billion in local funds and Rs. 323.7 billion in foreign funds have been allocated for construction related projects. But with a budget deficit of Rs. 2851 billion and impractical expectation of a revenue target of Rs.4127 billion which is 45% over 2023 revenue, it is unlikely that Government will be able to meet the above capital expenditure as happened in 2023. But the positive signs are the reduction in bank interest rates, law inflation and removing import restrictions. These can result in certain private investments in construction projects.
The event was a rendezvous for industry professionals, practitioners, manufactures and suppliers to meet each other and exchange their view points in the fellowship that followed.
Gallery
Launch of Build SL 2024
Launch of Build SL 2023
