Solas Marine Lanka to mfg yachts and boats for export

Colombo: The Board of Investment entered into an agreement with Solas Marine Lanka Limited to establish a project to manufacture yachts and boats for export with an investment of US $ 1 million.

Two decades of excellent service and experience is what culminates the portfolio of Solas Marine Services Co., LLC, a Dubai-based multinational company that has now ventured into the rapidly developing Sri Lankan market. Solas Marine Lanka will cater to the international luxury yacht and boat market.

Products will be manufactured and exported from the factory premises in Sri Lanka.

Solas is the creation of Dubai based Chairman P. S. Kamath and is managed by Prashant Kamath (Managing Director) and Preethi Kamath (Director).

The organisation is a major solutions provider for the marine industry specialising in life saving and survival equipment, fire and gas detection, breathing air cascade system supply, installation and maintenance, and navigation and communication. The business houses its flagship in Dubai, UAE with branches in other GCC countries such as Bahrain, Oman and Saudi Arabia, and has also launched service stations in the Indian subcontinent.

As a part of the expansion programme Solas has commenced operations in Wattala. The current workforce houses a staff of 60 that has been allotted to build fishing boats, luxury boats, interisland service boats, crew boats, petrol boats, leisure crafts and luxury yachts.

The company anticipates significant expansion in operations in the next six months, by employing more personnel and acquiring various quality standards.

By blending its international expertise with the promise it sees in the Sri Lankan boat manufacturing industry, Solas Marine Lanka Limited hopes that its endeavour will be advantageous both to the company and to the country.