Business
India driving ahead to be a net exporter of defence equipment in due course
by Sanath Nanayakkare
The government of India has taken several policy initiatives to become self-reliant in defence equipment manufacturing and a net exporter of same in the not too distant future.India’s states and union territories are encouraging private companies to invest in the field by offering them investment subsidies and by creating a level playing field for private-sector players with sophisticated technologies and R&D capacities to enter the domain.
In this context, Haryana Airports Development Corporation has already started work to position Haryana as a pre-eminent airport and investment destination facilitating balanced regional and sustainable development where private-sector led investments will be lured to involve more actively in manufacturing arms and ammunition among other industries.
The focus of the Indian government on indigenisation and procurement of defence products from the domestic resources is targeted at minimizing expenditure on defence procurement from foreign sources, a visiting Sri Lankan media delegation learned recently.
Under the liberalised economic policies of the Central government of India and the industrial and investment policy of Haryana (North Indian state surrounding New Delhi on three sides), the private-sector will get more opportunities to invest and build defence equipment manufacturing plants and Aerospace and Defence parks in the State of Haryana, they learned.
Commander Mahendra Singh, a retired naval officer speaking to the journalists about the Integrated Aviation Hub (IAH) in Hisar district in the state of Haryana said that India has embarked on a journey of becoming a USD 5 trillion economy by 2024-25, and the Indian Aviation and Aerospace and Defence industries have an extremely important role to play in achieving this aim of Indian Prime Minister Narendra Modi.
“The Indian aviation market has recorded a growth rate of more than 10% in the past fifteen years, which indicates strong potential in commercial flying, air cargo, in-flight services and other ancillary sectors. The State of Haryana is already a part of India’s vision of developing a strong and self- reliant aviation sector. The IAH will facilitate unprecedented connectivity to both the domestic and international airports and will fortify Haryana’s position as an aviation leader in the country. The existing runway length of 4000 ft. is being extended to 10,000ft to facilitate the large aircraft movements for commercial flow of passengers and cargo operations,” he said.
“The IAH is envisioned as a growth hub with industrial and commercial related development work with the establishment of Integrated Manufacturing Cluster (IMC) adjacent to the upcoming airport, also creating an ecosystem to promote the sector on the back of the progressive Aerospace and Defence Policy,” he said.
“When you take Delhi’s Indira Gandhi International Airport as the centre point. On the East side, Jewar Airport is coming up which is at an advanced stage. And on the West you see Hisar Airport coming up. So, Delhi being a congested place, these two airports in due course when aviation is expanding, will share the load of Delhi, be it cargo or be it passenger traffic. The excess load will be diverted to these two places East and West of Delhi.
Referring to the upcoming manufacturing cluster he said,”India is trying to become self-sufficient in its defence requirements vs. defence purchases. And we want to be an exporter of defence equipment in due course. The government has realized that this is a sector which needs boost and that’s why Aerospace and Defence policy has been given priority by the government of India. We not only want to make defence equipment for ourselves, we want to export as well. This is the reason why every state of India has given prime importance to Aerospace and Defence sector. This is one sector which has the potential to grow at a fast rate vis-a-vis the rest of the sectors such as steel, automobile, textile, footwear and accessories which have already grown exponentially,” he said.
Total Traffic at Hisar Airport is expected to be 2.1 million pax in FY 24 and 3.6 million by FY 2030. Total cargo at the airport is estimated at 20k MT in FY 2024 and is expected to grow each year.
Notably, the Aerospace and Defence sector investors will get easy access to land, incentivised R&D facilities, reduced burden on upfront capital and incentives on Maintenance, Repair, Overhaul (MRO) activities, electricity duty exemption etc.
Six Sri Lankan journalists had the opportunity to see India’s vision to develop Hisar as a global integrated aviation hub with the ongoing construction of infrastructure and the meticulous creation of the anticipated growth hub. The tour was sponsored by StratNewsGlobal.com and BharatShakti.in at the request of the Sri Lanka High Commission in India.
Business
Champa Stores Marks 70 Years of Trusted Service in Kandy
A longstanding fixture in Kandy’s commercial landscape, Champa Stores marks its 70th anniversary this year, underscoring a legacy built on trust, reliability and consistent quality across a diverse range of products and services.
Founded in 1956 by Wimaladasa Weeraratne, the business traces its origins to a modest beginning when three brothers from Matara relocated to Kandy in the 1950s in search of opportunity. Their entrepreneurial drive would go on to shape a lasting contribution to the city’s commercial life.
While Wimaladasa established Champa Stores, his brothers carved out their own successful ventures. Dharmadasa Weeraratne founded Devon, while Daya Weeraratne established Bakehouse. Both enterprises have since become well-known names in the city’s hospitality and bakery sectors, with Devon further expanding to include the The Grand Kandyan Hotel. Today, all three businesses continue to operate under the stewardship of the family’s next generation.
Over the decades, Champa Stores has evolved into a prominent retail and service hub, offering a wide selection of products ranging from mobile phones and laptops to audio equipment, accessories and sports goods. Its printing division, in particular, has earned a strong reputation for delivering high-quality services in Kandy.
Despite its growth, the business has retained the personal touch that has endeared it to generations of customers. Longtime patrons point to knowledgeable staff, dependable after-sales service and a customer-focused approach as key factors behind its enduring appeal.
Currently employing over 50 staff members, the business is managed by Chapa Weeraratne, representing the second generation of family leadership.
As it celebrates seven decades in operation, Champa Stores stands as one of Kandy’s enduring family-run enterprises—demonstrating that a reputation built on trust and service can successfully span generations.
By S.K Samaranayake
Business
Dialog Voted Service Brand and Telecommunication Brand of the Year at SLIM-KANTAR People’s Awards 2026
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced that it has been recognised as the ‘Service Brand of the Year’ for the 5th time and the ‘Telecommunication Brand of the Year’ for the 15th consecutive year at the SLIM-KANTAR People’s Awards 2026, held on 18 March 2026. Voted by Sri Lankans through a nationwide consumer survey, the recognition reflects the continued preference for Dialog’s services and the trust placed in the brand across the country.
Since its inception in 2007, the SLIM-KANTAR People’s Awards have been based on consumer sentiment across multiple categories, recognising brands and individuals through public perception as an independent measure of brand affinity.
Supun Weerasinghe, Director / Group Chief Executive of Dialog Axiata PLC said, “We are grateful for this continued confidence, which reinforces the responsibility we carry in serving millions of customers across the country. As we continue to evolve our services and digital platforms, our focus remains on delivering consistent, high-quality experiences while staying true to our purpose of empowering and enriching Sri Lankan lives and enterprises.”
As a recognition shaped by the voice of consumers across the country, these accolades reflect Dialog’s continued relevance in a rapidly evolving digital landscape, underscoring its role in supporting the connectivity needs of individuals, homes and businesses across Sri Lanka.
Business
ISRAs of Sri Lanka – Protecting Hidden Shark and Ray Hotspots
When you think of sharks in Sri Lanka, your mind probably goes to the sleek blacktip reef sharks gliding through the reefs of Pigeon Island. But what most people don’t realise is that Sri Lanka is home to over 100 species of sharks and rays—ranging from reef dwellers and open-ocean giants to mysterious deep-sea, with some juvenile bull sharks being found even in freshwater!. They’re scattered across almost every part of the coastline, from coral reefs and estuaries to muddy lagoons and inland waterways. Yet despite their presence, these fascinating creatures remain deeply misunderstood and largely unprotected in national conservation efforts.
Chances are, if you’ve eaten karawala (dried fish) in Sri Lanka, you’ve possibly eaten shark—without even knowing it. Shark meat often ends up in local markets with no species names, and no questions asked. But here’s the catch: unlike fast-growing fish like sardines or mackerel, most sharks and rays grow slowly, mature late, and have very few offspring. Some only give birth once every couple of years. That means that their populations are usually precarious and they are sensitive even to small-scale fishing operations, which push their populations into serious decline. And in Sri Lanka, while vessel sizes are smaller in comparison to many developed countries, the number of vessels combined with their fishing techniques has resulted in the depletion, and in the case of sawfishes, a likely local extinction.
That’s where Important Shark and Ray Areas (ISRAs) come in. ISRAs are a global science-based tool designed to designate places that matter most for sharks, rays, and chimaeras. They aren’t marine protected areas and don’t come with legal restrictions—but they highlight critical habitats based on rigorous scientific criteria. These include areas used for breeding, feeding, migration, or home to rare, threatened, or range-restricted species.
In 2024, after a thorough review and vetting process, five (of the seven) proposed areas from Sri Lanka were formally designated as ISRAs
Bathalangunduwa Island, located on the fringes of the shallow coastal Puttalam Lagoon and off the coast of Wilpattu National Park in northwestern Sri Lanka, qualifies as an ISRA based on the presence of the threatened Winghead Shark (Eusphyra blochii). This area meets two ISRA criteria: it supports a vulnerable species and functions as a reproductive habitat.
Palk Bay, a shallow, semi-enclosed water body shared between India and Sri Lanka, qualifies as an ISRA due to the presence of multiple important species. These include the threatened Shorttail Whipray (Maculabatis bineeshi), the range-restricted Sharpnose Guitarfish (Glaucostegus granulatus), and reproductive populations of the Grey Sharpnose Shark (Rhizoprionodon oligolinx). This was one of the few trans-boundary ISRAs covering both Indian, and Sri Lankan waters.
- Punnakuda ISRA
- Pigeon Island ISRA
- Pasikuda & Kalkudah ISRA
- Baththalangunduwa ISRA
Pasikudah & Kalkudah, a coastal stretch in Sri Lanka’s Batticaloa District, is known for its coral reefs and nearshore shark activity. This ISRA qualifies due to the presence of threatened and range-restricted species, such as the Stripenose Guitarfish (Acroteriobatus variegatus).
Punnakuda Canyon, a deep-sea canyon located just offshore from Pasikudah & Kalkudah and beyond the boundaries of the coastal ISRA, qualifies based on the presence of threatened and range-restricted deep-sea species, including the Indian Swellshark (Cephaloscyllium silasi).
Pigeon Island, the only ISRA in Sri Lanka that overlaps with a Marine Protected Area—the Pigeon Island Marine National Park—qualifies due to the presence of threatened species and undefined aggregations, notably the Blacktip Reef Shark (Carcharhinus melanopterus).
These areas are already designated ISRAs. In addition to this Sri Lanka also has two “Areas of Interest”; Koddiyar Bay and Hikkaduwa.
While these ISRAs don’t enforce protection on their own, except for Pigeon Island, which happens to overlap with an already established National Park, they’re a vital starting point. They help guide where marine protected areas might be placed, where fishing regulations could be refined, and where development should tread carefully. For Sri Lanka, ISRAs offer a powerful chance to align conservation and fisheries planning before it’s too late.
Most importantly, ISRAs are created using available scientific knowledge. Organisations like Blue Resources Trust (BRT) were able to contribute to the designation of ISRA’s due to long-term monitoring of shark and ray fisheries across the country. BRT has built the largest dataset on Sri Lankan sharks and rays, thanks to contributions from the Tokyo Cement Group, the Save Our Seas Foundation (SOSF), the Marine Conservation and Action Fund (MCAF) of the New England Aquarium, the Hong Kong Ocean Park Conservation Foundation (OPCFHK), the Prince Bernhard Nature Fund, amongst others.
By designating our ISRAs, Sri Lanka now has the recognition to make smarter, science-led decisions for the ocean’s most vulnerable species.
As shark and ray populations decline under pressure from overfishing, habitat loss, and climate change, knowing where they still have a chance to thrive is the first step toward saving them. Through ISRAs, Sri Lanka can take the lead in showing how conservation and coastal livelihoods can go hand in hand.
To explore ISRA maps and learn more, visit: https://sharkrayareas.org
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