Business
Govt revives crucial EU-Sri Lanka investor dialogue
Basil Rajapaksa, Minister of Finance chaired the above investor forum on 31st January 2022 at the Ministry of Finance. Namal Rajapaksa -Minister of Youth and Sports, Minister of Development Co-ordination and Monitoring and State Minister of Digital Technology, D V Chanaka -State Minister for, Aviation and Export Zones Development , Tharaka Balasuriya – State Minister of Regional Cooperation also participated in this discussion.
Denis Chaibi , Ambassador for the European Union to Sri Lanka and Maldives who was the co-chair of the meeting spoke of bilateral trade and EU’s investments in Sri Lanka. He said that the dialogue was an important forum to solve the issues of EU investors and retain them in Sri Lanka in the long run”. He also stated that “the EU would like to make Sri Lanka an attractive investment destination for potential investors from the EU”.
The European Union was represented by Holger Seubert , Ambassador, Embassy of the Federal Republic of Germany, Sri Lanka, Eric Lavertue , Ambassador, Embassy of France in Sri Lanka and the Maldives, Tania Gonggrijp, Ambassador, Embassy of the Kingdom of the Netherlands, Sri Lanka, Franceso Perale, Deputy Head of Mission , Embassy of Italy, in Sri Lanka, Arnaud Lion, Deputy Head of Mission, Embassy of the Kingdom of Belgium (based in India). Jean-Alexandre Egea , Economic Counsellor, Embassy of France in Sri Lanka, Thorsten Bargfrede, Deputy Head of Mission for the European Union to Sri Lanka and the Maldives who also coordinated this event.
Eng. Raja Edirisuriya ,Chairman – Board of Investment delivered the opening remarks and gave an outline of the over view of the economic situation, foreign investment trend in 2021 and the latest measures and regulations to support foreign investment. In conclusion the Chairman BOI stated that “Doing business in Sri Lanka has now returned to normalcy, despite what the country went through with the pandemic” He further stated that “the BOI looks forward to working closely with the EU to facilitate the existing investors as well as to encourage the existing companies to re-invest and expand their operations in Sri Lanka” .
The matters discussed at the dialogue comprised of the foreign exchange crisis in Sri Lanka, the need for a better consistency regarding investment and tax policies, the need for a streamlined, clearer and easy process to establish a company in Sri Lanka, positioning Sri Lanka as a transport and logistic hub, promoting public private partnerships to boost EU Investment in Sri Lanka, improve the trade facilitation to increase the competitiveness and efficiency of the economy, modernising the health sector.
Senior Government officials led by S R Attygala, Secretary to the Treasury, respective line agencies including Central Bank of Sri Lanka , National Medicines Regulatory Authority (NMRA), Registrar of Companies, Ministry of Health, Sri Lanka Customs, Department of Commerce and BOI participated in the discussion.
The EU-Sri Lanka Investor Dialogue is a facilitation forum that was launched originally by the BOI in 2014, in close collaboration with the European Union Delegation in Sri Lanka. Hence it has been an effective platform for existing investors from the EU to discuss issues faced by the companies with Senior Government officials in order to find solutions. The European Chambers of Commerce in Sri Lanka(ECCISL) and the Delegation of German Industry of Commerce (AHK), along with the Deutsche Bank and leading companies from the EU such as: Michelin (Camso Loadstar) . Diesel & Motor Engineering Plc, (DIMO) B Braun, CMA CGM, Haffle International, OTV Veolia, , Calamansi Cove Villa project (Jet Wings Hotel) Baurs and Hapag-loyd, also participated in the dialogue.
Both sides agreed to continue this dialogue on a regular basis, as well as to discuss issues faced by investors from the Eu on one to one and arrange for technical sessions with the relevant agencies and respective EU Missions to follow up and to make the facilitation more effective.
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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