Business
Siyapatha Finance partners DIMO Agribusinesses for agriculture mechanization drive
Siyapatha Finance PLC, a fully owned subsidiary of Sampath Bank PLC, recently signed a Memorandum of Understanding (MoU) with DIMO Agribusinesses, the agriculture arm of DIMO, one of the leading conglomerates in Sri Lanka, to provide exclusive leasing solutions for the consumers of DIMO Agri Machinery with an objective to uplift the local agriculture sector.
Understanding the importance of the agricultural sector to the Sri Lankan economy, Siyapatha Finance initiated this facility for the convenience of agricultural entrepreneurs via its “Agri Lease Programme”. This agreement offers exclusive leasing packages with the lowest interest rates to customers who wish to purchase DIMO Agri Machinery including Tractors and Combine Harvesters. Siyapatha Finance PLC’s “Agri Lease Programme” offers lower instalment payments, flexible repayment facilities on a monthly or seasonal basis and hassle-free quick approvals with minimal document requirements. These low instalment payments and flexible repayment facilities have been implemented to ease the financial repayment burdens on farmers.
DIMO Agribusinesses is also prepared to offer a host of benefits exclusively to Siyapatha Finance PLC customers inclusive of but not limited to special discounts, free registration, a free farmer’s kit, and an oil filter with three free vehicle services, in addition to free GPS devices for selected models. These exclusive benefits provide easy access for agriculture machinery to accelerate agriculture mechanization in the country.
Addressing the MoU signing participants, Ananda Seneviratne – Managing Director of Siyapatha Finance PLC, expressed his thoughts saying, “Our customers have always been our utmost priority and we have taken it upon ourselves to enhance convenient financial solutions for the agricultural industry. Our country relies greatly on the agricultural sector and many farmers find it difficult to access, invest in and upgrade their machinery owing to a multitude of difficulties they are faced with in the process.
Through the MoU signed with DIMO Agribusinesses we hope to encourage farmers to proceed and develop their operations. This is an ideal strategic partnership that provides customers with the best possible opportunities and options. The customized leasing plans of Siyapatha Finance PLC coupled with the unparalleled reliability of DIMO Agribusinesses, ensures that the customers are guaranteed a convenient, customized and an all-encompassing solution.”
Rajeev Pandithage – Chief Operating Officer of DIMO stated, “Partnerships of this nature will enable us to equip the local agriculture sector with modern technology that enhance the productivity while fuelling dreams and aspirations of the famer community in the country. As the sole distributor of the world-renowned Agriculture machinery brands such as Mahindra Tractors and CLAAS harvesters in Sri Lanka, we hope to complement our range with a multitude of services, providing the optimal experience to our customers.”
The exclusive advantages offered through this partnership guarantee to make this leasing scheme from Siyapatha Finance PLC, one of the most promising schemes for those in the agricultural sector, benefiting stakeholders of both Siyapatha Finance PLC and DIMO Agribusinesses.
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.
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.
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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