A host of Indian companies are planning to develop projects across sectors in the island nation of Sri Lanka.

The companies have already identified lands and besides, have also received approval from the Sri Lankan government for their projects.

Click here for Cloud Computing

Also Read   Related Stories News Now - India Inc mops up Rs 40,000 cr via debt in Q1 - India Inc settles for smaller M&A deals - India Inc's hiring slows down 3.6% in August: Naukri.com - India Inc pitches for interest rate cut to sustain growth - Indian cos in Forbes 'Best Under A Billion' list - Takeover of unlisted foreign firms under taxman's lens

Also Read   Related Stories News Now - Nifty tops 5,600 mark, BHEL zooms 11% - Japan, China to promote yen-yuan currency exchange - Secretaries panel to discuss state power boards' health - Mumbai heads towards hung house, MNS leads in 25 seats - Govt may let foreign individuals directly buy corporate debt More

The company has already acquired land for project and is expected to be completed by next year, Ignatius said.

The engineering and construction major has already developed projects in Sri Lanka such as a 26-storey residential apartment at Colombo, design and construction of urea storage silo and prill tower for a fertiliser complex and design, test, manufacture and supply of 33kV, 132kV and 220kV transmission line towers for Sri Lanka's electricity board.

A Bangalore-based commercial and residential property developer, Girish Puravankara-run Lalith Gangadhar Constructions, is also constructing residential villas outside Colombo, he said.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Nifty tops 5,600 mark, BHEL zooms 11% - Japan, China to promote yen-yuan currency exchange - Secretaries panel to discuss state power boards' health - Mumbai heads towards hung house, MNS leads in 25 seats - Govt may let foreign individuals directly buy corporate debt

Tags : India Inc | Indian companies | L&T   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Medium-sized businesses are the engines of a smarter planet. -  Save over Rs.3000 with IndianOil Citibank Card -  We live for our family. have you secured them? -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...