Connect with us

Business

Investing in Sri Lanka’s Potential is a bet for the long term

Published

on

Pankaj Sinha

By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha

Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and now an economic crisis, I am humbled and honored to witness Coca-Cola’s unwavering commitment to investing in Sri Lanka and giving back to the communities we operate in.

This commitment is driven by the belief in Sri Lanka’s vast potential, which is evident through its abundant natural resources, skilled workforce, thriving tourism industry, and developing infrastructure. Coca-Cola’s investments in the country have already started making a positive impact, and here’s why the company remains optimistic about Sri Lanka’s future.

Natural resources – a boon to tourism and operational excellence in businesses

Sri Lanka’s rich natural resources serve as a catalyst for both tourism and operational excellence in businesses. With diverse wildlife reserves, stunning coastlines, and picturesque landscapes, the country attracts tourists from the UK, India, and Europe, creating opportunities for eco-tourism services and demand for accommodation, food, beverages, and unique offerings.

As a global beverage brand, Coca-Cola is well-positioned to serve and refresh these tourists, but its role goes beyond that. The company actively collaborates with partners and volunteer networks to preserve ecologically rich sites, combat pollution, and minimize waste, enhancing the experience for both tourists and locals.

Additionally, Sri Lanka’s natural resources offer opportunities for investing in clean and cost-efficient renewable energy, such as solar power. Embracing renewable energy sources has already improved Coca-Cola’s operations, contributing to the local economy and global environmental preservation efforts.

Fast Developing Infrastructure

Following the end of the ethnic conflict, Sri Lanka has experienced a significant infrastructure boom that has attracted investors worldwide. Upgraded seaports, international airports, and better roads and highways have facilitated economic growth and made it more convenient for tourists and businesses to travel within the island. This improved infrastructure has made Sri Lanka an appealing destination for global brands looking to expand their operations in South Asia, with enhanced transportation networks making it easier to import and export goods.

Skilled Workforce – the driving force behind Sri Lanka’s progress

Sri Lanka’s highly skilled and adaptable workforce, proficient in English, makes it an attractive destination for global businesses. Colombo, in particular, employs over 80,000 people in the IT and BPM industry, with a low attrition rate and a rapidly growing labor force. The city’s cost competitiveness and lower wage pressures compared to other sourcing destinations make it an ideal location for businesses aiming to optimize their operations. Coca-Cola recognizes the potential of Sri Lanka’s workforce and seeks to empower it through direct and indirect employment opportunities, including related industries such as plastic recyclers and waste collectors.

Strategic Location

Sri Lanka’s location has long been recognized as a key advantage for businesses expanding their regional reach. Its position at the crossroads of major shipping routes connecting the East and West provides easy access to regional markets. This makes it a highly attractive destination for trade and investment. With its proximity to major ports, Sri Lanka has become a hub for shipping and airfreight services, enabling companies to transport goods quickly and efficiently.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

UN Global Compact Network Sri Lanka mobilizes business to lead with purpose

Published

on

As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.

It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.

More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.

Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.

UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.

Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:

“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”

The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.

Continue Reading

Business

A regional conversation on the future of English language teaching

Published

on

Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world

The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?

Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.

Continue Reading

Business

The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition

Published

on

The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.

Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.

The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.

Continue Reading

Trending