Business
Arpico Insurance PLC wins at Emerging Asia Insurance Conclave and Awards 2023
Arpico Insurance PLC was recently conferred with the Best Strategies for Insurance Spreading – Sri Lanka award at the 4th Emerging Asia Insurance Conclave & Awards 2023, held in Mumbai, by the prestigious Indian Chamber of Commerce (ICC).
This ICC special award was granted to Arpico Insurance PLC following a stringent performance evaluation that considered numerous critical factors such as number of branches, growth percentage of agents and brokers, number of policies CAGR, and the embracing of digital initiatives to increase insurance access within society. In addition to Sri Lanka, other participating counties included Bangladesh, Bhutan, Myanmar, Nepal, Thailand and India while the award process, from nomination to selection of winners, was supervised by the process reviewer PriceWaterhouseCoopers (PwC) of India.
Ramal Jasinghe – Chairman, Arpico Insurance PLC, said: “This prestigious award is a testament to the dedication and unwavering commitment of our team and their relentless pursuit of excellence. This accolade from the Indian Chamber of Commerce only fuels our determination to continue innovating and achieving greatness together by delivering innovative life insurance solutions to all peoples of our country, which will without a doubt help them better their lives.”
‘‘We are extremely proud of this achievement, both for our organization as well as our country. We have been investing in upskilling our human capital and pursuing several customer-centric strategies to make life insurance accessible for everyone,” said Dr. Kelum Senanayake – Chief Executive Officer & Principal Officer, Arpico Insurance PLC.
Nelushan Gunewardena – Head of Marketing, Arpico Insurance PLC, whose efforts paved the way in securing the award for the company, added: “This recognition is based entirely on our efforts, achievements and progress made in the strategic area of Insurance Spreading. From our efforts to take life insurance solutions to plantation sector workers and digitizing premium payments to engaging with sub-urban and rural communities through regional sports events, we have undertaken significant initiatives and devoted extensive efforts to promote insurance awareness and accessibility.”
Business
Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment
By Sanath Nanayakkare
In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.
The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.
A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.
Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.
With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.
To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.
Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.
Business
Hettich celebrates a decade in Sri Lanka with partner meet in Colombo
Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.
The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.
Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.
The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.
Business
GS Evo Motors launches all-new JMEV EWIND
GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.
The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.
The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.
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