Business
‘Port City Colombo SEZ project has attracted USD 1.3 billion FDI since inception’
Since its inception, the Port City Colombo SEZ project had attracted USD 1.3 billion in foreign direct investment without imposing any liability or cost on the Sri Lankan government, COO, Colombo Port City Economic Commission Revan Wickramasuriya said.
A press release said in this connection: ‘Port City Colombo (PCC), the ground-breaking infrastructure project aimed at reshaping Sri Lanka’s economic landscape, celebrated a momentous milestone as its infrastructure development phase nears completion and commercialization is set to begin. The occasion was marked by a moment of unity with a multi-religious ceremony, invoking blessings on the nation and the project’s success. The Sales Gallery of Port City Colombo was adorned with a commemorative plaque, symbolizing the project’s progress and transformative impact, with the theme, “Bridging Boundaries, Limitless Possibilities”.
‘Mahinda Yapa Abeywardana – Speaker of the Parliament, Ministers and Members of Parliament, Governor of the Central Bank of Sri Lanka, Members of the Monetary Board, Secretary to the Ministry of Investment Promotions, ambassadors and representatives from foreign missions in Sri Lanka were among the dignitaries gracing the occassion, highlighting the collaborative efforts and unwavering commitment of all stakeholders involved in this pivotal economic and infrastructure development initiative.
“The 269 hectares of reclaimed land is 100% owned by the government of Sri Lanka and has already contributed approximately USD 3 to 4 billion to the GDP, creating over 12,000 direct jobs and providing training for more than 4,000 Sri Lankan workers across over 20 Sri Lankan sub-contractors”, emphasized Revan Wickramasuriya, Chief Operating Officer of the Colombo Port City Economic Commission.
‘Looking ahead, the next phase of the Colombo Port City, the Construction Stage, is about to commence and is expected to attract over USD 14 billion of investment. This phase will result in approximately USD 4.1 billion in locally sourced labour and materials, generating over 450,000 employment opportunities, of which over 400,000 will be for Sri Lankans. The estimated contribution to GDP from the Construction Stage alone is projected to reach USD 24 billion.
‘Once fully operational, Port City Colombo, as the country’s single largest development and foreign direct investment to date, is poised to contribute USD 13.8 billion annually to Sri Lanka’s GDP, offering over 140,000 direct employment opportunities.
In his concluding remarks, Wickramasuriya affirmed that Port City Colombo is ready for business as the region’s first multi-currency, export of services Special Economic Zone, with the Colombo Port City Economic Commission acting as its single-window investment facilitator. This framework ensures a conducive operating environment and streamlined business procedures for both local and foreign investors.
‘Port City Colombo represents a visionary endeavour with ambitious objectives to foster global investments, spur innovation, and create new employment opportunities, ultimately enhancing Sri Lanka’s competitiveness on the international stage. Situated strategically along the Western Coastline and neighbouring the heart of Colombo, PCC encompasses a sprawling 269-hectare area of reclaimed land, featuring a pristine waterfront and meticulously planned urban spaces. The ongoing construction progress exemplifies the project’s momentum, and upon completion, Port
‘City Colombo will present a vibrant fusion of residential, commercial, and recreational zones, catering to the diverse needs of residents and visitors.
‘The recent plaque unveiling ceremony signifies a significant juncture in PCC’s evolution, marking its emergence as a hub that celebrates progress and promises a transformative impact for Sri Lanka. PCC aspires to become a world-class business and lifestyle destination, leveraging its strategic location, extensive land area, and state-of-the-art infrastructure. By attracting global investments and fostering economic diversification, Port City Colombo is poised to redefine Sri Lanka.’
Business
From Mt. Fuji to Sri Pada: Lessons from a father-son climb
by SK Samaranayake
For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.
Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.
“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.
Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.
The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.
Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.
“Reaching the top was an achievement. Returning safely was success,” Gunasena said.
The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.
Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.
He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.
For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.
Business
FLIR, Marlbo promote smarter industrial maintenance
Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.
The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.
Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.
FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.
Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.
The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.
Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.
Business
Lumbini Tea Valley wins intl award for Singharaja Wirytips
Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.
The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.
Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.
Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.
Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.
The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.
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