News
Ayurvedic Drugs Corporation records highest-ever revenue in 2025
The Sri Lanka Ayurvedic Drugs Corporation (SLADC) has recorded its highest annual revenue since inception, earning Rs. 1,688 million in 2025, marking a historic milestone for the state-owned institution.
The achievement was announced at a ceremony held at the Corporation’s premises, under the patronage of Minister of Health and Mass Media, Dr. Nalinda Jayatissa, to mark the launch of seven new Ayurveda and herbal-based products. The Minister also undertook an inspection tour of the Corporation’s production facilities.
Addressing the event, SLADC Chairperson Geethamani C. Karunaratne attributed the strong financial performance to the strategic guidance of the Ministry of Health and Mass Media and the opportunity to operate under a structured development plan.
She said the Corporation had simultaneously expanded its medicinal plant cultivation programmes, initiating short-, medium- and long-term projects at its herbal gardens in Nikaweratiya, Dangolla and Medawachchiya.
In addition, under the “Osu Diriya” cultivation programme, implemented jointly with the Department of Indigenous Medicine, cultivation projects have been launched at the Anuradhapura Prison Open Camp, the Padaviya Civil Defence Force Camp, and the Rambewa Civil Defence Force Camp, she said.
The Chairperson further noted that a project to cultivate the medicinal plant ‘Heen Araththa’ was successfully launched last year in collaboration with the Faculty of Technology of the University of Ruhuna and the Matara District Secretariat.
She also said that filling long-standing vacancies in key areas, such as Information Technology, Human Resources and production staff last year, had contributed significantly to improved operational efficiency and revenue growth.
To further streamline operations, an integrated Enterprise Resource Planning (ERP) system was introduced across all departments of the Corporation during the year.
The Sri Lanka Ayurvedic Drugs Corporation also launched seven new Ayurveda medicines and herbal-based products towards the end of last year at its Nawinna premises, with the participation of Minister Jayatissa.
Latest News
Cabinet approves establishment of Activity-Based Learning Centers at Regional Level for Commerce Education
The importance of establishing learning centers at regional level has been identified in order to achieve multiple objectives, including the development of teachers, utilization as a hub for new technology and resource sharing, enhancement of vocational and higher education opportunities, efficient utilization of limited physical and human resources, integration of new technologies with subject-specific knowledge,
sharing of limited resources to ensure equitable access to education, and development of skills in line with regional potential, thereby contributing to the qualitative development of commerce education.
Accordingly, the project to establish 100 activity-based learning centers for the enhancement of commerce education has been included in the Public Investment Programme as a major investment project in general education, with an estimated total cost of Rs. 289 million, to be implemented during the period 2026–2028.
Having considered the proposal submitted by the Prime Minister, in her capacity as the Minister of Education, Higher Education and Vocational Education, Cabinet approval was granted to establish and operationalize 25 regional centres covering all 25 districts.
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M/s. Resources Development Consultants (Pvt) Ltd appointed to prepare Feasibility Study and detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura
Approval was granted at the Cabinet Meeting held on 21-10-2025 to carry out a feasibility study and prepare detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura.
The calling of expressions for this purpose has been conducted under the national Competitive Procurement Procedure, and 8 bidders have submitted their Expression of Interest in that respect.
Following the evaluation of technical proposals submitted by the short-listed bidders, and financial proposals of the 4 eligible institutions have been opened. Subsequent to the evaluation of the aforementioned financial proposals, the Consultant Procurement Committee has recommended awarding
the consultancy for the feasibility study and preparation of detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura to M/s. Resources Development Consultants (Pvt) Ltd at a total cost of Rs. 356.22 million (exclusive of taxes).
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Transport, Highways and Urban Development to award the said procurement in line with the above recommendation.
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Import and Export (Control) Regulations No. 01 of 2026, issued under the Imports and Exports (Control) Act, No. 1 of 1969, to be submitted for concurrence of the Parliament
The Special Import Licence Regulations No. 01 of 2023, published in Extraordinary Gazette No. 2312/77 dated 01-01-2023, prohibit the importation of retreaded tires, including those used for aircraft.
However, the Ministry of Ports and Civil Aviation has made a request that an exemption be granted to permit the importation of retreaded aircraft tires classified under HS Code 4012.13 for Sri Lankan Airlines.
Taking into consideration essential operational and safety requirements, it has been decided to permit the importation of retreaded aircraft tires classified under HS Code 4012.13, subject to the recommendation of the Ministry of Ports and Civil Aviation, provided that such tires comply with the requirements specified by internationally recognized aviation authorities and are imported by Sri Lankan airline operators engaged in international air services under a duly executed supply agreement between the airline and a certified international supplier.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President, in his capacity as the Minister of Finance, Planning and Economic Development, to submit the Import and Export (Control) Regulations No. 01 of 2026, published in Extraordinary Gazette No. 2481/02 dated 23-03-2026 under the provisions of the Imports and Exports (Control) Act, No. 1 of 1969, for the concurrence of the Parliament.
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