Business
LIIN and Good Market launch strategic partnership to strengthen MSMEs through Sri Lanka’s Impact Investment Ecosystem
In a landmark move to accelerate the growth of impact-driven enterprises in Sri Lanka, the Lanka Impact Investing Network (LIIN) and Good Market have entered into a strategic partnership focused on unlocking new pathways for investment and enterprise development. The collaboration was formalized through the signing of a Memorandum of Understanding (MOU) on Saturday, June 14, 2025, at the Saturday Good Market Nuga Tree Car Park, Racecourse, Colombo 07.
At the signing ceremony, two major initiatives were introduced: the Social Enterprise Fund (SEF) and the Investment Readiness Program. Together, these initiatives aim to identify, support, and scale Micro, Small, and Medium Enterprises (MSMEs) that are driven by strong social and environmental impact goals. Through this collaboration, LIIN and Good Market are combining capital access, capacity-building, and ecosystem support to help high-potential enterprises grow sustainably and become investment-ready. The Social Enterprise Fund (SEF) is an initiative of LIIN. It is dedicated to supporting impact enterprises—businesses that address critical social or environmental issues—by providing much-needed growth capital at the acceleration stage of their business lifecycle.

The MOU was signed by Chandula Abeywickrema, Chairman of LIIN, and Ms. Achala Samaradiwakara, Co-Founder and Managing Director of Good Market. The event celebrated a shared commitment to building a more inclusive, resilient economy by fostering enterprises that generate measurable positive impact.
Chandula Abeywickrema, Chairman of LIIN, highlighted the fact that “entrepreneurship needs to be scientifically approached to be impactful. Enterprises must be commercially viable in the short, medium, and long term; scalable in the short, medium, and long term; and sustainable in the short, medium, and long term. To fulfill these milestones in the journey of an enterprise or entrepreneur, need to embark on investing in research and development (R&D) and innovation is essential. However, R&D cannot be supported through bank loans or financing. You need to bring in patient capital with long-term collaboration for impact investing as equity for the enterprises, and this is the purpose of the partnership with Good Market. We aim to identify enterprises capable of achieving these three milestones and facilitate their growth through equity capital as an impact investment. These selected enterprises will be taken on a journey of mindset change and transformation, preparing them to become investment-ready, empowered, and eventually, listed.”

Ms. Achala Samaradiwakara, Co-Founder and Managing Director of Good Market, emphasized the collaborative value of the initiative: “This partnership brings together shared values and complementary strengths. By connecting impact enterprises with the resources and support they need to thrive, we’re helping to grow a movement of businesses that priorities people and the planet alongside profit.”
As part of the program, ten impact entrepreneurs will be introduced as the first cohort of the Investment Readiness. Representing a diverse cross-section of sectors and communities across Sri Lanka, these enterprises will receive tailored support to scale their operations and prepare for potential investment through the SEF.
The event also featured a panel discussion moderated by Dr. Nirmal De Silva, with panellists Ravinath Samaraweera (EcoFeel Foods), Jayantha Balasinghe (Thuru Viyana), and Ms. Priyanka (Priyanka Foods). The entrepreneurs shared personal insights into operating as social enterprises, the challenges of scaling their impact, and the vital role that strategic investment and support—particularly through LIIN and Good Market—have played in their journeys
Business
ADB-funded Thalaiyadi plant serves as blueprint for vulnerable dry zones in Sri Lanka
Sri Lanka should adopt a diversified water-security strategy, says chief engineer
By Sanath Nanayakkare
For generations, the Jaffna Peninsula has relied almost entirely on an underground freshwater lens. With no major perennial rivers to lean on, the region has long walked a tightrope between water scarcity, seasonal droughts, and a creeping groundwater salinity that has challenged communities across the North. Today, however, a monumental shift is underway along the windswept Vadamaradchi coast.
To understand how Sri Lanka is rewriting its water security playbook, one need only look to the Thalaiyadi Seawater Reverse Osmosis (SWRO) Plant.
V. Vijayakanth, Chief Engineer of the Jaffna Kilinochchi Water Supply and Sanitation Project (JKWSSP), recently explained the engineering marvels, environmental safeguards, and long-term vision driving this landmark infrastructure project.
“Building a multi-million-gallon desalination plant on an open, deep-sea coastline facing the Indian Ocean was no small feat,” he said.
Vijayakanth noted that the project required extensive marine, geotechnical, and ecological investigations before a single pipe was laid.
“The scale of the marine installation was striking: an intake and outfall system featuring roughly 1,300 metres of large-diameter pipeline, buried two metres beneath the seabed in water depths reaching up to 12 metres. Because ocean work is strictly dictated by nature, the team had to mobilise an excavator-mounted barge from India and execute a complex offshore operation within a very tight window before the onset of the monsoon.”
“One of the greatest historical hurdles of reverse osmosis technology has been its heavy appetite for electricity. To keep operational costs in check, the Thalaiyady plant integrates state-of-the-art isobaric pressure-exchanger energy recovery systems. These devices capture hydraulic energy from the high-pressure brine reject stream and transfer it directly back to the incoming seawater feed – recovering roughly 95% of available energy and slashing power requirements.”
“Environmental stewardship was equally central to the design. To prevent high-salinity discharge from harming the marine ecosystem, the plant utilizes an offshore outfall equipped with specialized diffusers positioned more than 500 metres from the shore. This ensures rapid mixing within a tightly monitored zone, safeguarding local marine life,” he said.
The impact of the plant is already tangible on the ground. Producing water that meets rigorous national quality standards (SLS 614:2013), the facility feeds into a vast transmission network linked to elevated service reservoirs. These tanks regulate hydraulic pressure across sprawling distribution routes, bringing relief to areas historically plagued by hard, brackish water.
Currently, about 1,600 households in the Karaveddi Zone are actively connected to the desalinated supply, with water flowing across a regional network stretching from Kodikamam and Jaffna City down to distant island communities like Delft, Kayts and Punguduthivu.
The peninsula’s total daily drinking water demand hovers around 50,000 cubic metres for a population of roughly 600,000. Operating at full capacity, the Thalaiyadi plant yields 24,000 cubic metres per day – meeting nearly half of the region’s current needs.
Yet, planners are already looking decades ahead. Driven by economic development, tourism, and proposed industrial zones like Kankesanthurai, projected potable water requirements for domestic, commercial, and industrial needs are expected to climb from 95,000 cubic metres per day in 2025 to 135,000 by 2045, and 175,000 by 2065. Meeting this future trajectory will require a diversified national strategy combining desalination with surface-water preservation and rainwater harvesting.
When asked whether Sri Lanka should lean exclusively on seawater conversion amid intensifying climate volatility, Vijayakanth emphasised the need for a balanced approach: “Sri Lanka should adopt a diversified water-security strategy, prioritising sustainable surface-water development, groundwater protection, rainwater harvesting, water conservation, treated wastewater reuse and catchment protection. Desalination can complement these sources as a valuable climate-resilient and drought-proof option where appropriate.”
Backed by financial and technical collaboration from the Asian Development Bank (ADB), the project has given the National Water Supply and Drainage Board (NWSDB) invaluable expertise in advanced desalination management. Crucially, a two-year hands-on training program is ensuring that local technical staff master everything from membrane upkeep to preventive maintenance.
As climate variability accelerates, Thalaiyadi serves as a vital proof-of-concept. While energy-intensive desalination cannot replace conventional freshwater sources everywhere, Vijayakanth emphasises that it stands as an indispensable, drought-proof shield for Sri Lanka’s vulnerable dry zones – turning the ocean itself into a secure foundation for the nation’s future.
Business
Tropic Of Linen takes new form at The Shoppes at City of Dreams
Sri Lankan fashion label Tropic Of Linen recently opened the doors to its second boutique, located at The Shoppes at City of Dreams.
For over a decade, linen has formed the core of the brand’s inspiration and business ethos. Its textures, movement, and natural irregularities carry through the striking interior of Tropic Of Linen’s newly opened second store. Large sculptural forms in wind-worn sandstone sit against softer curves, while a grand olive tree anchors the heart of the store, reaching up toward a skylight and giving life to the entire space.
Drawing on her background in fine art and design, co-founder Minha Akram envisioned a layered, sensory interior intended to draw people into the world of Tropic Of Linen and invite them to linger.
Business
ANC Education celebrates ‘Class of 2026’ at graduation ceremony in Colombo
ANC Education held its 2026 graduation ceremony at BMICH, Colombo, celebrating graduates across multiple programmes. The cohort included 53 BBA graduates from Northwood University, 22 Psychological Sciences graduates from Northern Arizona University, 320 Pearson BTEC HND graduates, and 29 BTEC Level 7 graduates, alongside foundation, diploma, and transfer pathway students. Senior representatives from partner institutions attended.
Best Performer Awards recognised outstanding academic achievement. The event honoured years of hard work and support from families and educators. Since 2002, ANC has provided local and international pathways. Graduates now pursue careers, further studies, or international opportunities.
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