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LSE to shift Bangalore research facility to Sri Lanka

Mar 09, 2016 (LBO) – The London Stock Exchange (LSE) plans to shift its Bangalore-based research facility to Sri Lanka, a senior official said.
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“They are shifting from Bangalore to Sri Lanka, and usually it is the reverse that happens. This is a major win for Sri Lanka,” Ranjith Fernando, chairman of the Urban Development Authority said, speaking at the Sri Lanka Investment and Business Conclave.
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“The LSE has taken land from one of our industrial parks, where technological developments are going to take place. All IT oriented developments will be based from here,” he said.
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From an investor’s point of view this is a good sign, he said. Sri Lanka is targeting foreign direct investments to grow to five billion US dollars in the next three years.
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