Business
EU-based high-profile trade fair organiser explores business opportunities in Sri Lanka
By Sanath Nanayakkare
High ranking representatives from Koelnmesse India, a leading international trade fair and exhibition centre based in Cologne, Germany, visited Sri Lanka from 8th May to 10th May 2024. Led by Milind Dixit, Managing Director of Koelnmesse India, the delegation met with representatives of the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) to explore potential opportunities across various sectors in the country.
The purpose of their visit was to delve into potential partnerships and collaborations in key sectors of Sri Lanka’s economy, including food & beverage, agriculture, horticulture, rubber industry, and bakery industry.
During their visit, AHK Sri Lanka facilitated several meetings with Sri Lankan agencies, associations and stakeholders, including Export Development Board, Industrial Development Board, Coconut Development Authority, Food Processors Association to discuss potential synergies and opportunities. Additionally, AHK Sri Lanka engaged with exhibition venue operators to explore the feasibility of organising Koelnmesse trade fairs in Sri Lanka.
Moreover, an exclusive cocktail event was organised on the 9th of May 2024, which brought together key players from the industries in Sri Lanka, providing a platform for networking and idea exchange.
Dixit remarked, “Our visit to Sri Lanka has been incredibly insightful, thanks to the collaboration with AHK Sri Lanka. Together, we have explored the vast potential of the food & beverage industry and other key sectors in the country. AHK Sri Lanka’s efforts in facilitating meetings and fostering partnerships have been instrumental in our mission to capitalise on business opportunities in Sri Lanka. We look forward to contributing to the growth and development of industries in the country.”
Koelnmesse, which celebrates its 100th anniversary this year, is globally renowned for hosting around 80 trade fairs and over 2,000 conferences annually, solidifying its position as one of the largest trade fair organisers in the European Union. Some of the notable trade fairs hosted by Koelnmesse include Anuga for the food and agriculture industry, Anuga FoodTec for agricultural technologies, Spoga+Gafa for the gardening and horticulture industry, ISM for confectioneries, and Tire Cologne for the tyre industry.
Ms. Marie Antonia von Schönburg, Chief Delegate of AHK Sri Lanka, added, “Our collaboration with Koelnmesse has been immensely fruitful, enabling us to delve into the diverse opportunities present in Sri Lanka’s food & beverage industry and other key sectors. Through facilitating meetings and fostering partnerships, AHK Sri Lanka is proud to have played a pivotal role in enhancing business prospects and promoting growth. We remain committed to further strengthening our partnership with Koelnmesse and contributing to the development of businesses in Sri Lanka and Germany.”
Since 2019, AHK Sri Lanka has been the exclusive representative of Koelnmesse in Sri Lanka and has organised delegations to various leading trade fairs hosted by Koelnmesse, including Tire, Spoga+Gafa, and Anuga FoodTec, showcasing the strong partnership between the two entities.
This visit highlights the commitment of both Koelnmesse and AHK Sri Lanka to explore and capitalise on business opportunities in Sri Lanka, fostering closer ties and facilitating growth and development across multiple sectors.
AHK Sri Lanka is part of the German Chamber Network supported by the Federal Ministry for Economic Affairs and Climate Action (BMWK). With 150 locations in 93 countries around the world, the members of the German Chamber Network (AHKs) offer their experience, connections, and services to German and companies of the respective partner countries. AHKs are located in all countries of particular importance to German companies and are closely connected to the Chambers of Industry and Commerce (IHKs) in Germany.
Business
Rs 160 million + diesel discrepancy at Lakvijaya power plant prompts probe
By Ifham Nizam
A Rs.160 million-plus diesel discrepancy at the Lakvijaya power plant in Norochcholai has triggered an internal investigation, raising questions over the handling of public funds and the controls governing fuel purchased for electricity generation.
The discrepancy surfaced during an internal audit of diesel supplied to the plant from the Kolonnawa and Sapugaskanda fuel terminals, according to senior officials familiar with the inquiry.
The audit has identified five transactions—two in December 2025 and three in January 2026—in which diesel recorded as delivered to the plant allegedly could not be fully accounted for in its physical stocks.
The investigation is now examining whether these were isolated discrepancies or part of a longer-running practice.
One transaction under scrutiny relates to January 16, when records reportedly showed that 10 diesel bowsers had arrived at the plant. Investigators subsequently found indications that the fuel stock corresponded to only nine bowsers.
A storekeeper responsible for the relevant fuel operation has reportedly been temporarily removed from those duties pending the investigation.
A senior official said investigators were reviewing historical records amid indications that similar discrepancies may have occurred over a longer period. If established, the financial exposure could therefore exceed the Rs.160 million currently identified.
The investigation is comparing fuel-terminal dispatch records, tanker movements, plant-entry records, receiving documents and physical stocks to establish exactly how much fuel was dispatched, received and accounted for.
That audit trail will also be critical in determining who authorised, received and certified the disputed consignments, and whether established controls were followed.
Relevant documents were reportedly transferred from Norochcholai to the company’s Colombo head office on September 26 for further examination, with electricity-sector security personnel assisting in the transfer.
The internal audit has also reportedly uncovered expired chemical stocks worth several hundred thousand rupees in the plant’s stores. Investigators are examining whether further inventory-management irregularities occurred.
The matter was also reportedly taken to the Puttalam Police Special Crimes Investigation Unit on September 26.
When contacted by Puttalam-based journalist Hiran Priyankara Jayasinghe for The Island Financial Review, Lakvijaya Power Plant Manager Nalaka Kumara confirmed that an investigation was under way but declined to provide further details.
The financial issue is direct: if the plant paid for diesel it did not receive, public-sector funds were spent without the electricity sector receiving the corresponding fuel.
Business
Sri Lanka Food Processors Association holds 29th Annual General Meeting
The Sri Lanka Food Processors Association (SLFPA) successfully convened its 29th Annual General Meeting (AGM) on September 23, 2026, at the Water’s Edge Hotel, Battaramulla. Bringing together key industry stakeholders and member organizations, the event served as a platform to review milestone achievements from the 2025/2026 term and outline strategic priorities for the nation’s food and beverage processing sector.
At the AGM, the new Executive Committee for 2027/2028 was appointed, comprising: Honorary President Aruna Senanayake C.W. Mackie PLC Imme. Past President Thusith Wijesinghe Trans Continental Packaging & Commodities (Pvt) Ltd.
President Elect Nadishan Guruge Meadlee Trading Co. (Pvt) Ltd.
1st Vice President Damitha Perera Forbes & Walkers Commodity Brockers (Pvt) Ltd.
2nd Vice President Rasika Seneviratne Diesel & Motor Engineering PLC 3rd Vice President Deepal De Alwis Neochem International (Pvt) Ltd.
Honorary Secretary Amila Weerasinghe Nestle Lanka Limited.
Asst. SecretaryDineth Alahakoon Country Style Foods (Pvt) Ltd.
Honorary Treasurer Sameera Jayathilaka Westmann Engineering Company (Pvt) Ltd.
Asst. Treasurer Niroshan Dalpethado C D De Fonseka & Sons (Pvt) Limited. In addition to the above office bearers, the following ten Executive Committee Members were appointed:
Sanjeewa De Silva Unilever Sri Lanka Limited Sheran De Alwis MA’S Tropical Food Processing (Pvt) Limited
Thusitha Ekanayake Anods Cocoa (Pvt) Ltd.
Vijitha Govinna Plenty Foods (Pvt) Limited Ms. Praharshi Wickramasekara International Commodity Exports (Pvt) Ltd.
Sanjeewa Niroshan SGS Lanka (Pvt) Ltd. Kushan Amarasinghe Finagle Lanka (Pvt) Ltd.
Rangajeewa Hettiarrachchi Fonterra Brands Lanka (Pvt) Ltd.
Harindra Abeyrathna Vision Technologies International (Pvt) Ltd. Thilina Weerasekara Ceylon Cold Stores PLC
The event was proudly supported by key industry partners, with SGS Lanka (Pvt) Ltd serving as the Platinum Sponsor. Unilever Sri Lanka Ltd. and Nestlé Lanka Ltd. joined as Gold Sponsors, Ceylon Agro Industries – Prima as the Silver Sponsor, while Lanka Exhibition & Conference Services (LECS) and Hero Nature Products (Pvt) Ltd., supported as Bronze Sponsors.
The proceedings concluded with a vote of thanks delivered by Hony. Secretary Deepal De Alwis, followed by cocktails and a fellowship networking session, providing an opportunity for members to connect and strengthen industry ties.
Business
Uber brings the ‘business class of back seats’ to Sri Lanka with Uber Black
New premium ride option expands Uber’s portfolio from affordable Moto and Tuk rides to premium on-demand travel
Uber announced the launch of Uber Black in Sri Lanka, bringing its premium ride experience to the country for the first time. Designed as the “business class of back seats,” Uber Black combines premium vehicles and highly-rated drivers for riders looking for greater comfort, quality and a more elevated travel experience.
The launch comes as demand for premium products and experiences grows across Sri Lanka, with consumers seeking greater choice and quality in their everyday experiences. Uber Black brings this choice to on-demand mobility, whether for an airport journey, an important business meeting, a special occasion or simply when riders want to travel in greater comfort.
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