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
Ogilvy Group tops award tally at Dragons of Sri Lanka 2026
Nine awards, including two Golds, across disciplines recognise business-driven creativity
Ogilvy Group Sri Lanka delivered a standout performance at the recently concluded Dragons of Sri Lanka 2026 Awards, securing a total of nine awards comprising two Gold Dragons, one Silver Dragon and six Black Dragons, among the festival’s highest overall award tallies, a company news release said.
Gold Dragon wins for Phoenix Ogilvy and Ogilvy Digital, together with the seven additional recognitions across multiple categories, highlighted Ogilvy’s ability to combine creativity, strategic thinking and commercial effectiveness to deliver business results.
Organised by the 4As Sri Lanka, the third edition of Dragons of Sri Lanka shortlisted more than 50 agencies and corporates, making it one of the country’s most competitive marketing communications awards. These local awards, along with the chapters in Malaysia and Pakistan are part of the Dragons of Asia platform, one of the region’s leading programmes for marketing communications effectiveness, with entries being judged on strategy, originality, execution and measurable results.
Ogilvy Digital accounted for eight awards in total, including a Gold Dragon in the Business & Trade Marketing category, and a Silver Dragon in the Innovative Idea or Concept category. The Agency additionally received six Black Dragons across the categories of Innovative Idea or Concept, Business & Trade Marketing, Content Creation, Small Budget, Event or Experiential, and Brand Trial or Sales Generation.
Commenting on the achievement, Sajith Weerasinghe, Chief Operating Officer of Ogilvy Digital, said, “These recognitions reflect the breadth of capabilities we’ve built across strategy, creative, content, experience design, technology and performance marketing. The fact that the work was recognised across so many different disciplines demonstrates our ability to apply creativity to a wide range of business challenges and objectives. We’re proud that this achievement spans multiple clients, categories and types of work, reflecting both the versatility of our people and our commitment to delivering results.”
The Ogilvy Group’s second Gold Dragon win was Phoenix Ogilvy’s recognition in the Product Launch or Re-Launch category for the relaunch of American Premium Water. It was a multi-dimensional campaign which refreshed the identity and rejuvenated the positioning of one of Sri Lanka’s pioneering bottled drinking water brands, bolstering its 30-year heritage while connecting with a new generation of consumers.
Commenting on the win, Siddhartha Roy, Chief Operating Officer at Phoenix Ogilvy, said, “There’s always something special about reimagining a brand with a rich heritage. American Premium Water has been a trusted name in Sri Lanka for more than three decades, but the challenge was to make it relevant and compelling for a new generation of consumers. We created a new blueprint for growth for the brand’s positioning, proposition and visual identity, and manifested it through design, packaging and storytelling. To see that transformation recognised with a Gold Dragon, and more importantly reflected in the brand’s renewed momentum in the market, makes this a particularly rewarding achievement.”
The Ogilvy Group Sri Lanka operates across multiple marketing communication disciplines and comprises over 290 staff in creative, strategy, digital, media, public relations and integrated communications. As part of the global Ogilvy network, the Group partners with leading local and international brands to create integrated campaigns that build brands, influence behaviour and drive business growth.
Business
Musical tribute to Fr. Marcelline Jayakody held in California
A musical tribute celebrating the life and legacy of Rev. Fr. Marcelline Jayakody, OMI, renowned for his contribution to Sri Lankan arts, music, culture and religious harmony, was held in California with the participation of a large gathering of Sri Lankans.
Titled “Sri Lanka Rani Maniye,” the event was organised by the Sri Lankan Catholic Community in California (SLCCC) under the guidance of Rev. Fr. Rashmi M. Fernando, S.J.
The programme honoured Fr. Jayakody, affectionately known as “Pansale Piyathuma” (The Priest of the Temple), for his efforts to promote Buddhist-Catholic understanding, interfaith dialogue and a shared Sri Lankan identity.
The event brought together members of the Maha Sangha, the Consul General of Sri Lanka in Los Angeles, musicians, singers, donors, parents, children and members of the Sri Lankan community from Los Angeles and other parts of Southern California.
Music, song and Sri Lankan cultural traditions featured prominently, with organisers placing particular emphasis on introducing the country’s artistic and cultural heritage to younger generations of Sri Lankans growing up overseas.
The programme also highlighted the importance of community unity, religious harmony and mutual respect among Sri Lankans living abroad.
Rev. Fr. Fernando told the gathering that the event marked only the beginning of efforts that could achieve more through unity “for the pride and greater good of our motherland, Sri Lanka.”
The organisers thanked the performers, volunteers, donors and well-wishers who contributed to the event, which concluded as a celebration of Fr. Jayakody’s enduring cultural legacy and the Sri Lankan diaspora’s continuing connection with its homeland.
Business
Hayleys Fentons completes Rs. 1 bn manufacturing facility in Wathupitiwala
Hayleys Fentons Limited has completed construction of a state-of-the-art manufacturing facility for Shield Restraint Systems (Pvt) Ltd at the Wathupitiwala Export Processing Zone, with the project completed on schedule within approximately 14 months.
The project, valued at more than Rs. 1 billion, commenced with the laying of the foundation stone on January 7, 2025. It was undertaken by the project arm of Hayleys Fentons, with Design Consortium International (Pvt) Ltd serving as the principal design consultant.
The facility has been designed to meet international industry standards and incorporates advanced safety and energy-efficiency features. A pre-engineered building structural system was used to facilitate faster construction and optimise project costs.
The new facility will manufacture safety restraint systems for the international automotive industry through Shield Restraint Systems.
Hayleys Fentons Deputy Managing Director – Projects Sujith De Alwis said the timely completion of the project demonstrated the company’s engineering and project management capabilities and the ability of Sri Lankan construction expertise to meet stringent international standards.
Hayleys Mobility Executive Director Roshani Dharmaratne said the project required detailed planning, quality management and coordination across multiple disciplines.

Sujith De Alwis, Deputy Managing Director – Projects of Hayleys Fentons Limited and Roshani Dharmaratne, Executive Director of Hayleys Mobility Limited
Chairman Design Consortium Migara Alwis said the project further strengthens its portfolio in specialised industrial construction and supports investment linked to Sri Lanka’s participation in the global automotive supply chain.
-
Features7 days agoWhen Sri Lankan stories find their own voice
-
News7 days agoBASL takes exception to Justice Ganepola being denied a place in SC
-
News4 days agoDenied of promotion to SC despite vacancies, justice Gurusinghe retires
-
Latest News4 days agoGrade 5 scholarship exam results released
-
News4 days ago22A: SC urged to suspend hearing, appoint full bench
-
Midweek Review5 days agoThe local and global dynamics of Sri Lanka’s 22nd Amendment
-
Business7 days agoADB-funded Thalaiyadi plant serves as blueprint for vulnerable dry zones in Sri Lanka
-
News4 days agoGovt. seeks NATO assistance

