Indian IT co to invest $ 1 million in Lanka

India-based data services provider ValueFirst will invest $ 1 million in the next 18 months to expand its presence in Sri Lanka, which it sees as a potential destination.

"We propose to invest one million dollars in the next 18 months in the Island country as we see major potential to expand in this growing market, ValueFirst CEO Srinand Sridharan told reporters on Tuesday at the launch of its services in Emerald Nation.

ValueFirst, a mobile virtual network operator (MVNO), would tap the 7 million mobile phone users in Sri Lanka to expand its services in areas like stock market and banking after tying up with cell phone companies, he said.

The company's co-founder Vijay Shukla ValueFirst said the mobile revolution in Sri Lanka has raced ahead of the internet revolution.

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