Business
Sri Lanka and Indian Merchants’ Chamber discuss expanding trade ties amid geo-strategic concerns
Consulate General of Sri Lanka in Mumbai and the Indian Merchant’s Chamber (IMC) organised an interactive session between the committee members of the IMC and the Mission officials on 09 November 2021 at the auditorium of the IMC in Mumbai.
Consul General of Sri Lanka to Mumbai Dr. Valsan Vethody graced the event as the chief guest, and he was warmly welcomed by President Juzar Khorakiwala and Director General of the chamber Ajit Mangrulkar upon his arrival. The purpose of the event was to interact with the officials and the committee members of the chamber to explore possible opportunities in expanding trade, investment and tourism between Sri Lanka and the western region of India.
During the welcome address, the President of the IMC while highlighting the longstanding multifaceted bilateral ties between Sri Lanka and India, underlined some of the major promotional activities that IMC has successfully completed in collaboration with the Mission, such as the webinar on “India – Sri Lanka current business environment, opportunities for joint collaborations for Agri and Processed Food Sector” organized on 29 September 2020″ and about the business delegation from the IMC to Sri Lanka in 2017.
In the keynote address the Director General of the IMC sounded curious to know about the developmental reforms laid out by the Sri Lankan government, the sectors opened for the investments and about the present economic situation in Sri Lanka, especially in the context of various adverse media reports in the Indian media. He also underlined the IMC members’ interests for the participation in the economic development process of Sri Lanka on a win-win economic equation favorable for both the parties.
Addressing the gathering and answering the inquiries raised by the committee members, Consul General explained about the present situation in Sri Lanka. During his address, he highlighted the GOSL’s successful vaccination campaign, measures taken by the government to welcome the international travelers and to revive the tourism industry; the investment opportunities available in Sri Lanka such as the pharmaceutical zone, textile zone, the port city, opportunities in fisheries & agro-sector; favorable investment climate; improving economic situation; air connectivity and the potential for furthering the trade and investment activities and he clarified the adverse propaganda on the Hambantota harbor, the Port City and on the ‘so-called Chinese geo-strategic interest in Sri Lanka’. He went on to clarify the adverse media reports on foreign currency issue in Sri Lanka stating that it’s not a structural issue, but only a short-term liquidity issue due to the covid pandemic and that the central bank of Sri Lanka has already begun the process of normalizing the situation.
When inquired about China’s growing geo-strategic influence in Sri Lanka, Consul General Dr. Vethody clarified that we Sri Lankans are proud of our sovereignty and integrity and we will never be subservient to any other nations, and the ‘so-called Chinese economic presence in Sri Lanka’ is purely due to economic factors. He cited the examples of how Sri Lanka finished the separatist war despite mounting foreign pressure from powerful nations and the incidents of how a Chinese ship with undeclared radioactive material was sent out of Hambantota harbor and the recent incident of Sri Lanka not accepting the fertilizer consignment from Chinese company as the samples were tested contaminated. He invited Indian investors to participate to capture the opportunities in Sri Lanka without making up presumptions afterwards. All the participants were invited to attend the upcoming investment seminar organized by the Mission in association with the Confederation of the Indian Industries (CII), Gujarat Chapter).
IMC is a long-standing business association with rich heritage in Mumbai. Most of the major business establishments and industrialists in Mumbai and the western region of India, such as Reliance, Mahindra & Mahindra, Godrej, etc. are the members of the IMC. It has a membership base of over 5000 members and over 150 trade associations affiliated to it. The chamber was established on 07 September 1907 by few Indian Merchants, to fight for the rights of the local businesses’ interests. In recognition of the Chamber’s contribution to nation building, Mahatma Gandhi accepted honorary membership in 1931.The foundation stone of the Chambers’ building in Churchgate at Mumbai was laid by Shri Sardar Vallabhbhai Patel. The Chamber’s core function during the present time is to provide policy inputs and to promote interests of industry and economic growth of the country.
Consul General was assisted by Consul (Commercial) Sandun Sameera of the Mission during the visit.
Business
APHNH aims to make Sri Lanka more competitive for healthcare investment
Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.
The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.
The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.
A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.
“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “
The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.
By Sanath Nanayakkare
Business
Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students
Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.
The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.
Business
John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations
John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.
Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.
The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.
The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.
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