Business
ISMM signs MoU with Ministry of Industries as part of contribution to national endeavour

The Institute of Supply and Materials Management, the pioneer and government recognized institute for Supply Chain Management Education was established on October 24, 1972 and is the leading institute which fosters the professional development of the purchasing and supply chain function in Sri Lanka. It is a member of the Organization of Professional Associations of Sri Lanka (OPA) since 1976 and was incorporated by the parliament by Act No 3 of 1981.
The ISMM is affiliated to the International Federation of Purchasing and Supply Management, which is the world body encompassing 48 national associations, having more than 250,000 professionals engaged in Purchasing and Supply Chain Management. ISMM engages in many educational programs covering all aspects of the supply chain for the last two decades, in addition to conducting other professional short courses, adding more than 10,000 professionals to supply chain management in Sri Lanka.
ISMM, being the national institute enacted by Act Parliament for Supply Chain Professions in Sri Lanka has taken the initiative to sign a MOU with the Ministry of Industries to conduct a national programmes on resilient and sustainable Supply Chain Management for Industries in Sri Lanka. Under this initiative there will be two programmes:
a. One year consultation program on “resilient and sustainable Supply Chain Management for 30 x Industries”.
b. 03 x One day workshops on “how to achieve competitiveness in local and global markets through strengthening supply chain capabilities of Sri Lankan Industries”.
The inauguration ceremony for above programme along with the conduct of an awareness session and first knowledge sharing workshop was held on June 7, at the Western Province Aesthetic Resort, Colombo 07. Secretary, Ministry of Industries, Shantha Weerasinghe, graced this occasion as the Chief Guest. Jayantha Gallahewa, president ISMM, Chaminda Pathiraja, Additional Secretary, Ministry of Industries, Sarath Gamage, President OPA / Immediate Past President ISMM, Maj Gen Renaka Udawatta (Rtd), Vice President ISMM, Lilantha Subasinghe, Vice President ISMM, Dr. (Eng.) Sanath Divakara, General Secretary ISMM, Ms Kunalini Subramanium, Assistant Director, Ministry of Industries, Priyanga Kirihena, Council Member ISMM were among the other officials who participated in the ceremony. As a part of the inauguration ceremony, the signing of the MoU took place at the same venue under the patronage of the above dignitaries and participants from the 30 industries.
Supply Chain Management (SCM) is the optimization of a product’s creation and flow from raw material sourcing to production, logistics and delivery to the final customer. In other words, it is the management of the flow of goods, data, and finances related to a product or service, from its origin (Nature) to the delivery of the product at its destination. SCM encompasses the integrated planning and execution of processes required to manage the movement of materials, information and financial capital in activities that broadly include demand planning, sourcing, production, inventory management and storage, transportation or logistics and returning excess or defective products.
Aim of the Project: To enhance the supply chain management capabilities of Small and Medium-sized Enterprises (SMEs) in Sri Lanka, fostering efficiency and effectiveness in their operations to ensure sustainability.
Scope of the Project: Sharing knowledge on supply chain management, evaluation processes (before and after), conduct workshops, participant assessment, monitoring and evaluation of progress, Field visits, gap identification, and preparation of comprehensive reports for individual SMEs.
Objectives of the project:
The primary objective is to empower SMEs by improving their supply chain management processes and practices, ultimately contributing to their sustainable growth and success in the local and international market. (To reduce waste, costs by improving supply chain management processes and practices, ultimately enhancing the profitability and sustainable growth of Sri Lankan SMEs).
The secondary objective is to Improve the capabilities of the individuals on managing supply chain functions in effective and efficiently.
Direct benefits
Direct benefits are; minimize cost of operations by reducing waste and improving efficiency/productivity of supply chain process, awareness on best practices/standards on supply chain management, Improve networks and relationships with industry experts, awareness on current trends in supply chain management, improve leadership qualities on supply chain decision making.
Business
SIA warns of 1,000 SME collapses, urges fair policies to protect Sri Lanka’s rooftop solar sector

By Sanath Nanayakkare
The Solar Industries Association (SIA), representing over 1,000 companies and employing 40,000 workers in Sri Lanka’s rooftop solar sector, issued a stern warning recently regarding threats to the industry’s survival and the nation’s renewable energy ambitions. The association condemned recent regulatory instability and called for urgent policy reforms to avert economic and social crises.
The SIA categorically rejected the Ceylon Electricity Board’s (CEB) claim that rooftop solar installations caused the recent island-wide power outage, calling the accusation “baseless and misleading.”
“Public trust is eroded when accountability is misdirected,” the SIA stated. “We demand an independent, transparent investigation led by experts appointed by the Ministry or the Public Utilities Commission (PUCSL). The CEB’s unilateral statements disregard the sector’s contributions and jeopardize Sri Lanka’s renewable energy transition,” they said.
“While acknowledging the formation of a tariff determination committee, the SIA criticized its narrow focus on financial parameters, ignoring the sector’s socioeconomic value. Rooftop solar empowers businesses and households with energy independence, reduces grid strain, and supports climate goals. However, proposed volatile tariff structures risk destabilizing over 100,000 installations—primarily owned by middle-class families—and deter future investment,” they noted.
“A rigid, equation-based tariff system is unsustainable,” the association warned. “Sri Lanka needs a stable policy framework to attract long-term investments. For instance, retirees could invest EPF savings into solar projects, securing income while advancing national energy targets. Without urgent action, 1,000 SMEs and 40,000 jobs face collapse, with dire consequences for employment, energy security, and economic stability,” they pointed out.
SIA urged policymakers to establish an independent committee to investigate the power outage fairly, expand the tariff committee’s mandate to include socioeconomic and environmental benefits and implement predictable policies to safeguard SMEs, households, and investor confidence.
“Sri Lanka stands at a crossroads,” the SIA emphasized. “Protecting rooftop solar isn’t just about energy—it’s about livelihoods, economic resilience, and a sustainable future. We urge stakeholders to collaborate on solutions that prioritize both people and progress,: they emphasized.
Business
SLT-MOBITEL partners with the Rush Lanka Group to power its apartment portfolio

SLT-MOBITEL has entered into a strategic partnership with Rush Lanka Group to provide exclusive SLT-MOBITEL Fibre connectivity solutions to their portfolio of luxury apartment developments in Colombo and the suburbs, enhancing the digital experience of all residents.
The agreement was signed between Imantha Wijekoon, Chief Business Officer of Consumer Business at SLT, and Zaid Ariff, Director of Construction at the Rush Group headquarters. Representatives from both companies also attended the ceremony.
Under the partnership, SLT-MOBITEL will serve as the exclusive digital service provider for five prestigious Rush Lanka developments including Street Rush Residencies and Rush Court 4 in Mt. Lavinia, Rush Tower 2, Rush Metropolis in Dehiwala, and Rush Court 5 in Colombo 14. The collaboration ensures residents will enjoy superior fibre connectivity speeds, enabling seamless digital experiences in modern smart homes. The partnership with the Rush Lanka Group aligns with SLT-MOBITEL’s commitment to offer ultra-fast, reliable connectivity solutions to residential developments. Delivering exclusive fibre connectivity to luxury apartments, SLT-MOBITEL ensures residents have access to world-class digital services that complement the living experience promised by Rush Lanka Group.
Powered by advanced fibre technology, SLT-MOBITEL network will provide the residences with seamless performance across digital activities. The SLT-MOBITEL Fibre backbone ensures lag-free experiences whether tenants are gaming online, attending virtual classes, working remotely, or streaming high-definition entertainment. SLT-MOBITEL Fibre will transform the lifestyles of all apartment users bringing greater convenience and superior quality of life.
Rush Lanka Group, established in 1992, is a property developer specializing in luxury and semi-luxury apartments.
Business
Sri Lanka makes outstanding appearance at OTM and SATTE 2025 in India

Starting its promotional work for 2025, Sri Lanka Tourism Promotion Bureau (SLTPB) added another feather into its cap of endorsements, by being recognized as the most innovative Tourism Board promotion in Outbound Travel Mart (OTM) . In parallel to that, several other sub events were held. The OTM was held in Jio World Convention Centre, Mumbai—India, from 30th January to 01st February 2025.Before OTM, the Global Village – Global Exchange & Trade Exhibition was held at the Surat International Exhibition & Convention Centre , Sarsana, Surat (Gujarat – India , from 25th to 27th January 2025. This travel fair was organized by Southern Gujarat Chamber of Commerce and Industry (SGCCI).
Sri Lanka participated in both OTM and South Asia’s Travel & Tourism Exchange (SATTE), held from 19th – 21st Feb 2025, in New Delhi, India . This was an excellent opportunity for Sri Lanka to promote it’s potential as a unique travel destination, especially for the Indian counterparts, as SLTPB has identified India as the number one source market for Sri Lanka, tourism bringing the largest number of tourist arrivals to the destination.
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