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India–Sri Lanka Business Forum highlights new momentum in trade, investment and connectivity
The Ceylon Chamber of Commerce, in partnership with the Confederation of Indian Industry (CII), organised the India–Sri Lanka Business Forum: Partnering in Sri Lanka’s Growth and Investment and the CII – Ceylon Chamber CEOs Interaction, in Mumbai, on 13 May, 2026. The events brought together senior government representatives, industry leaders, policymakers, and business delegates from India and Sri Lanka to deepen economic engagement and explore new avenues for cooperation across priority sectors.
The discussions reflected growing optimism about India-Sri Lanka economic relations and focused on expanding collaboration in trade, investments, connectivity, tourism, renewable energy, logistics, digital transformation, infrastructure, healthcare, education, manufacturing, and technology.
Participants included Mahishini Colonne, High Commissioner of Sri Lanka to India; Duminda Hulangamuwa, Senior Economic Advisor to the President of Sri Lanka; Dr Rajesh Ravindra Gawande, Secretary (Protocol, FDI, Diaspora & Outreach) and Chief of Protocol, Government of Maharashtra; Priyanga Wickramasinghe, Consul General of Sri Lanka in Mumbai; Krishan Balendra, Chairperson, The Ceylon Chamber of Commerce and Chairperson, John Keells Holdings PLC; Anurag Agarwal, Co-chairman, CII Western Region Sub-committee on International Trade & Investment and Chief Executive Officer, Polycab India Ltd; Vishal Kamat, Chairman, CII Western Region Sub-Committee on Tourism and Hospitality and Executive Director, Kamat Hotels India Ltd; Bingumal Thewarathanthti, Vice Chairperson of the Ceylon Chamber and CEO Standard Chartered Bank Sri Lanka, Vinod Hirdaramani – Deputy Vice Chairperson of the Ceylon Chamber and Chairman Hirdaramani Group, and Mr Shiran Fernando, Secretary General & CEO of the Ceylon Chamber.
Welcoming the delegates, Anurag Agarwal, highlighted the growing momentum in India–Sri Lanka economic relations and the emergence of future-oriented sectors driving bilateral cooperation.
He noted that India and Sri Lanka are at an important phase of economic collaboration, where connectivity, investments, innovation, and sustainable partnerships are creating new opportunities for shared growth. He further emphasised the significant potential for deeper engagement in sectors such as renewable energy, tourism, ICT, logistics, digital services, healthcare, manufacturing, education, and infrastructure.
Agarwal also stated that improved maritime connectivity, ferry services, enhanced air links, and digital payment integration are strengthening ease of doing business and regional commerce. He reiterated CII’s commitment towards facilitating greater business-to-business engagement, investment partnerships, and sectoral cooperation between India and Sri Lanka.
Addressing the forum, the High Commissioner of Sri Lanka to India, Mahishini Colonne said, “The sectors represented here – renewable energy, infrastructure, technology, tourism, financial services, logistics, manufacturing and digital innovation – reflect where the next phase of India-Sri Lanka economic cooperation will increasingly be shaped. This is not simply about increasing trade volumes. It is about building long-term partnerships, joint ventures, regional value chains, technology collaborations, skills partnership and stronger private sector connectivity between our two countries”.
Duminda Hulangamuwa, Senior Economic Advisor to the President of Sri Lanka, stated that “Sri Lanka has shifted from economic stability to growth. As we shift into a sustainable growth path, India will be a key partner in our efforts to drive trade, investment and tourism. We invite investment from India into high growth sectors such as transport and logistics, digital services, tourism and high-value manufacturing.”
Speaking during the forum, Krishan Balendra, Chairperson, The Ceylon Chamber of Commerce and Chairperson, John Keells Holdings PLC, said “At the Ceylon Chamber of Commerce, we see our role as going beyond facilitation. We aim to be an active catalyst and bridge, bringing together businesses, enabling partnerships, and supporting investment flows that contribute meaningfully to Sri Lanka’s economic transformation. Sri Lanka is now pivoting towards a growth oriented future. In this context, India is not just a neighbour, but a critical partner.”
The discussions during the forum reflected strong optimism regarding the future of India-Sri Lanka economic relations and highlighted opportunities arising from enhanced maritime and air connectivity, digital payment systems, energy cooperation, and logistics integration. The role of tourism, people-to-people linkages, skilling, sustainability, and technology partnerships also featured prominently during the deliberations.
The forum witnessed active participation from industry leaders representing sectors including infrastructure, hospitality, logistics, renewable energy, pharmaceuticals, ICT, manufacturing, financial services, and trade facilitation. Business networking interactions and B2B engagements enabled delegates to explore potential collaborations and investment opportunities.
Delivering the concluding remarks, Vishal Kamat, Chairman, CII WR Sub-Committee on Tourism & Hospitality and Executive Director, Kamat Hotels India Ltd, stated that the India–Sri Lanka partnership is entering a new era driven by trust, resilience, connectivity, and shared regional aspirations. He underlined the important role of industry in translating opportunities into actionable partnerships and reaffirmed CII’s commitment towards supporting sustained economic engagement between both countries through policy advocacy, business delegations, CEO interactions, and investment facilitation initiatives.
The India–Sri Lanka Business Forum concluded with strong optimism regarding the future of India-Sri Lanka economic relations and a shared commitment to deepen private sector engagements, strengthen regional connectivity and build long-term strategic partnerships that contribute to inclusive and sustainable regional growth.
News
Civil society activist accuses govt. of favouring Ven. Gnanasara
Court of Appeal issues warrant for monk’s arrest
by Shamindra Ferdinando
Civil society activist Gamini Viyangoda on Monday (28) lambasted the NPP government for its failure to act promptly on the Supreme Court cancelling the presidential pardon granted to the General Secretary of Bodu Bala Sena (BBS) Galagodaatte Gnanasara.
Addressing a gathering at the Sri Lanka Foundation to mark the launch of ‘Rajapaksha Samagama’ and ‘Pasku Praharaye Thoththa Babala’ by Lasantha Ruhununuge and Tharindu Uduwaragedara and M.F.M., Faseer, Viyangoda alleged that President Dissanayake’s government was also acting in a manner partial to Gnanasara Thera, the way all previous governments had done.
The NPP should be ashamed of its pathetic failure to act swiftly and decisively, immediately after the Supreme Court revoked President Maithripala Sirisena’s pardon. Viyangoda said that the government owed an explanation as to why law enforcement authorities couldn’t apprehend Gnanasara, following the announcement made on 14 Sept. “For two weeks what were they doing,” he asked.
Ven. Gnanasara was sentenced, in 2018, for a six-year period for contempt of court and intimidating Sandya Eknaligoda, the wife of Prageeth Eknaligoda who disappeared in 2010. But, President Sirisena pardoned him before the convicted monk completed one year of his six-year term.
Viyangoda said that Ven. Gnanasara had openly moved about freely, launched a book and acted as if the Supreme Court ruling didn’t have any impact. Every minute Gnanasara stayed in the open it was an affront to the Supreme Court, Viyangoda said, accusing the government of shielding a wrongdoer.
Referring to certain incidents during the Yahapalana time, Viyangoda revealed that he personally sought the then Prime Minister Ranil Wickremesinghe’s direct intervention to have Ven. Gnanasara, hiding at a faraway temple, apprehended. “I met Wickremesinghe at Temple Trees. When I raised the failure on the part of police to apprehend Gnanasara, Wickremasinghe immediately called Sagala Ratnayake, who was in charge of public security at that time. Ratnayake promised to take the monk to custody the following day. The next day, Gnanasara surrendered through a lawyer.”
Viyangoda alleged that the Wickremesinghe government had shielded Vem. Gnanasara. The Wickremesinghe-Sagala Ratnayaka duo did that in style, he said, accusing the present government, too, of doing the same.
The Court of Appeal yesterday (29) issued a warrant for the arrest of Gnanasara Thera and ordered that he be produced before the court on 1 Oct.
The court further directed that the warrant be executed through the Inspector General of Police.
This happened when a motion filed by the Attorney General, seeking an order to enforce the prison sentence imposed on Gnanasara Thera, was taken up before the Court of Appeal.
The motion was heard before a Court of Appeal bench, comprising Justices Mayadunne Corea and Lakmali Karunanayake.
President’s Counsel Anura Meddegoda, appearing for Gnanasara Thera, told the court that his client was resting due to illness and requested a date to study the motion and make submissions.
But State Counsel Sajith Bandara declared that the matter concerned a criminal case and requested that the court issue a warrant if the accused failed to appear before the court.
News
More cops than cones
Colombo’s bus priority lane rule returned today, 29 September, as a pilot programme across the city and nearby areas. It applies from 6 a.m. to 9 a.m. and from 4 p.m. to 7 p.m. daily. The renewed operation covers seven designated lanes, meant to cut delays and make public transport more predictable.
Transport Minister Bimal Rathnayake said officials would monitor the trial to assess its effect on congestion and public transport efficiency. Police have told all officers to take legal action against violators. Drivers may enter a lane only in unavoidable cases, such as emergencies, exceptionally heavy traffic, or to cross it when turning.
The Lanka Private Bus Owners’ Association has welcomed the move, and Metro Bus is adding five new routes.
The rule has been revived before, and past efforts struggled with enforcement, so the pilot project’s results will matter.
(Image courtesy Hiru)
News
Sajith accuses govt. of using data selectively in crucial report
Opposition Leader Sajith Premadasa has said the government is attempting to paint a falsely beautiful picture of the country’s situation through the Socio-Economic Data report issued together with the Census and Statistics and the Central Bank. “They have selectively included certain information while intentionally omitting other vital facts,” Premadasa has said in a media statement. When presenting data, there must be chronological consistency and integrity. The Central Bank and the Department of Census and Statistics have no right to present outdated data to formulate a conclusion, thereby marginalising an entire segment of the population, Premadasa has argued, pointing out that their primary duty is to report accurate information to the public.
Premadasa says that up to page 18 of the report, recent data from 2023 to 2025 have been used. For main economic indicators, macroeconomic indicators, demographic data, and life expectancy, 2024 data have been used. Indicators such as external trade finance, consumer price indices, Real GDP, imports and exports, prosperity indices, and human development indices have also been compared with Asian and SAARC countries using recent data. However, for the section detailing socio-economic conditions from page 19 to page 34, the data used are exclusively from the outdated 2016–2019 period.
When discussing socio-economic conditions, the data used for household income and expenditure surveys, provincial-level conditions, housing facilities, energy consumption, cooking, and population distribution are entirely from 2016 to 2019, the Opposition Leader has said. Specifically, the data on poverty mentioned on page 33, and even the data on per capita daily food consumption capacity on page 34, belong to this old 2016–2019 timeframe. Formulating a report for the year 2026 using such outdated data is a deliberate attempt to mislead the country and its people.
Premadasa says that from page 35 onwards, fresh 2025 data have been used for sections on prosperity, demographics, the labour force, and employment. Recent data based on current market conditions have also been provided for Gross National Income (GNI) by industrial sources, food prices, imports and exports, tourism, government revenue, state debt, and interest rates.
“If the authorities can present recent data (for 2023, 2024, and 2025) for foreign debt, financial activities, financial sector trends, and money supply, why are they using 2016 and 2019 data for poverty to mislead the country?” the Opposition Leader has asked, pointing out that the main report and its summary prove that while the government uses updated data for macroeconomic aspects, it uses obsolete data regarding poverty, inequality, income distribution, and living standards. The Opposition Leader has called this a historic deception regarding the country’s poverty, asking whether the 12.11.2026 Budget will be on these false data?
Premadasa has said that the government claims that a person can survive for 30 days on Rs. 17,315, which is an absolute lie and a deception. “This Government lacks updated data or definitions for poverty. Since the country went bankrupt, a proper household income and expenditure survey has not been conducted, nor has the poverty line been accurately identified.” He questioned whether the upcoming budget, scheduled for 12.11.2026, will be based on these false and flawed data.
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