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Sri Lanka’s apparel industry charts a course for growth

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SLAEA1: (From Right) Deputy Chairperson Jeevith Senaratne, JAAF Chairman, Saifuddin Jafferjee, US Ambassador Julie Chung, newly appointed SLAEA Chairperson, Rajitha Jayasuriya, Prime Minister of Sri Lanka Dr. Harini Amarasuriya, Minister of Industry and Entrepreneurship Development Sunil Handunnetti, Immediate Past Chairman Indika Liyanahewage, Deputy Minister of Industry and Entrepreneurship Development Chaturanga Abeysinghe, and SLAEA Treasurer, Hasib Omar

The Sri Lanka Apparel Exporters Association (SLAEA) held its 42nd Annual General Meeting, reaffirming its commitment to driving the industry forward amid evolving global challenges. Rajitha Jayasuriya officially assumed the role of Chairperson, pledging to strengthen Sri Lanka’s position as a trusted, ethical, and innovative apparel sourcing destination.

The other incoming office bearers appointed on the day are: ⁠Deputy Chairperson: Jeevith Senaratne, ⁠Treasurer: Hasib Omar, and ⁠Immediate Past Chairman: Indika Liyanahewage.

Dr. Harini Amarasuriya, Prime Minister of Sri Lanka, attended as the Chief Guest, accompanied by Minister of Industry and Entrepreneurship Development Sunil Handunneththi and U.S. Ambassador to Sri Lanka, Julie Chung. Their presence underscored the government’s commitment to fostering an environment conducive to growth and international collaboration.

Navigating challenges, Seizing opportunities

Addressing the gathering, incoming SLAEA Chairperson Rajitha Jayasuriya highlighted the resilience of Sri Lanka’s apparel sector despite economic headwinds and shifting global market dynamics.

“Our industry has withstood crises with remarkable determination, thanks to the dedication of our 350,000-strong workforce. However, to sustain growth, we must embrace technology, diversify our export markets, and strengthen our local supply chain. A proactive approach to innovation and policy reforms is essential if we are to remain competitive,” Jayasuriya stated.

She also emphasized the importance of strategic government support. “We need policies that attract investment into local fabric manufacturing, remove barriers to trade, and enhance ease of doing business. Strengthening Sri Lanka’s supply chain capabilities will ensure that our manufacturers remain resilient and agile.”

Govt’s commitment to industry growth

Prime Minister Harini Amarasuriya acknowledged the sector’s critical role in Sri Lanka’s economic recovery and its potential for further expansion.

“The apparel industry is more than just an economic driver; it is a symbol of Sri Lanka’s resilience, innovation, and global connectivity. My administration is committed to creating a policy framework that supports apparel exporters, enhances trade agreements, and ensures that our workforce thrives in a rapidly changing global economy,” she said.

She further stressed the need for industry-government collaboration. “We recognize the challenges posed by global market shifts, digital transformation, and sustainability demands. Our goal is to work closely with the SLAEA and industry leaders to implement policies that strengthen Sri Lanka’s competitiveness while upholding ethical and sustainable manufacturing practices.”

Future-focused strategy

Jayasuriya outlined key priorities for the SLAEA under her leadership:

Technology & innovation: Encouraging automation, digitalization, and AI-driven solutions to enhance productivity and transparency.

Market diversification: Reducing dependence on traditional markets by exploring emerging economies and new trade opportunities.

Workforce development: Investing in skills training and policies that empower workers, particularly women, to drive long-term industry growth.

Policy advocacy: Strengthening trade agreements and improving business-friendly regulations to attract investment.

“The global apparel landscape is shifting, and Sri Lanka must stay ahead of the curve. This means being adaptable, innovative, and strategic in how we engage with international markets,” Jayasuriya concluded.

As Sri Lanka’s leading export sector, apparel remains a pillar of economic stability, contributing significantly to foreign exchange earnings. With strong industry leadership and government support, the SLAEA is poised to drive the sector toward a future of sustained growth and global recognition.



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Canada Day celebration highlights deepening Sri Lanka-Canada business ties

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H.C. Isabelle Martin

The vibrant celebration of Canada’s 159th National Day in Colombo brought together diplomats, government representatives, leading business executives and members of the Sri Lankan and Canadian communities, highlighting the growing strength of bilateral economic and commercial relations between Sri Lanka and Canada.

Hosted by the Canada Sri Lanka Business Convention (CanCham Sri Lanka), the event attracted one of the largest gatherings in its history, providing an important platform for business networking while celebrating the enduring friendship between the two countries.

Addressing the gathering, High Commissioner for Canada in Sri Lanka and the Maldives Isabelle Martin said Canada and Sri Lanka continue to enjoy a warm and expanding partnership built on shared values, people-to-people links, trade, investment and development cooperation.

“Canada Day is an opportunity not only to celebrate our country but also to celebrate the strong friendships and partnerships we have built with Sri Lanka.

The remarkable turnout this evening reflects the strength of those relationships and the growing collaboration between our two nations,” Martin said.

She noted that the close engagement between Canadian and Sri Lankan businesses continues to create new opportunities in trade, innovation, education, sustainable development and investment.

CanCham Sri Lanka officials said this year’s celebration was among the most successful Canada Day events ever organised by the Chamber, drawing an outstanding crowd and creating exceptional opportunities for business networking.

“What an incredible celebration of Canada Day. This was truly one of the most successful Canada Day celebrations in history, with an outstanding crowd and exceptional networking opportunities. It was wonderful to see so many distinguished guests, business leaders and community members come together,” the organisers said.

They thanked sponsors, partners, supporters and volunteers whose dedication ensured the success of the event.

The evening showcased Canada’s multicultural heritage while reaffirming the Chamber’s commitment to promoting stronger commercial links between Sri Lanka and Canada.

Guests representing a wide cross-section of industries exchanged ideas on expanding trade, investment and innovation partnerships.

Canada remains an important economic partner for Sri Lanka, with bilateral trade spanning apparel, agriculture, seafood, ICT services, education and professional services.

Canadian companies continue to explore opportunities in renewable energy, infrastructure, technology and sustainable development, while Sri Lankan exporters maintain a significant presence in the Canadian market.

Business leaders attending the celebration expressed confidence that closer collaboration between the two countries would further strengthen economic resilience and create new opportunities for investment, entrepreneurship and knowledge sharing.

The event concluded on a celebratory note, reaffirming the longstanding friendship between Canada and Sri Lanka and the shared commitment to fostering stronger business and people-to-people ties in the years ahead.

By Ifham Nizam

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Tokyo Cement inspires future-ready construction at BUILD BEYOND 2026 Technology Summit

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Senior Professor Priyan Mendis from the University of Melbourne, speaking at the ‘Build Beyond 2026 Summit

Tokyo Cement hosted ‘Build Beyond 2026 Summit’, a premier knowledge-sharing conference that brought together leading academics, civil and structural engineering experts and professionals of the Sri Lankan construction industry. The event featured keynote addresses by renowned construction technology specialists, Professor Shashank Bishnoi from the Indian Institute of Technology (IIT) Delhi-Abu Dhabi, and Senior Professor Priyan Mendis from the University of Melbourne.

The summit marked the second edition of the Build Beyond Engineering Technology Summit organized by the Tokyo Cement Group, designed to foster collaboration between academia and industry while highlighting global trends, innovations, and emerging technologies in cement and concrete. This year’s discussions focused on advancements in material science that are driving more sustainable and cost-efficient construction practices.

The event drew participation from state-sector authorities, research institutions, academia, engineering students, and public and private sector organizations, creating a dynamic platform for engagement across the construction industry. A key feature of the summit was a high-level panel discussion on “Building a Resilient and Sustainable Construction Future,” featuring several distinguished industry leaders.

The panel included Eng. Nissanka Wijerathne, the Secretary General/CEO of the Chamber of Construction Industry Sri Lanka (CCI), Founder and Deputy Chairman of Civil & Structural Engineering Consultants (Pvt.) Ltd.; Eng. Shiromal Fernando, the Chairman of CTBUH Sri Lanka and Vice President of the Green Building Council Sri Lanka, Adjunct Senior Lecturer at the General Sir John Kotelawala Defense University and visiting lecturer at the University of Moratuwa; Eng.

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ComBank and Carmart join forces to make Peugeot and Leapmotor vehicles more accessible

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Kapila Liyanage, Assistant General Manager – Personal Banking and Retail Products at Commercial Bank and Senake Amerasinghe, Managing Director of Carmart (Pvt) Ltd. exchange the agreement in the presence of representatives of the two companies.

Strengthening its commitment to making vehicle ownership more accessible and affordable, Commercial Bank of Ceylon has entered into a strategic partnership with Carmart (Pvt) Ltd. to offer specially structured leasing facilities for Peugeot and Leapmotor vehicles.

Formalised through a Memorandum of Understanding (MoU), the collaboration brings together the Bank’s expertise in flexible financing and Carmart’s portfolio of internationally recognised vehicle brands, creating a value-rich proposition for customers seeking to purchase new vehicles.

Under this MoU, valid until 30th June 2027, Commercial Bank will offer attractive interest rates, concessions on documentation charges, and a complimentary credit card with the first year’s annual fee waived. These benefits are designed to reduce upfront costs and ease the financial commitment associated with vehicle ownership.

With leasing facilities available through Commercial Bank’s island-wide branch network, a cross section of customers will be able to part-finance their vehicle purchases while structuring repayments to align with their income patterns, enabling greater financial flexibility.

Further enhancing the value proposition, Carmart (Pvt) Ltd. will offer customers a range of added benefits, including a complimentary full tank of fuel, free vehicle registration, and other exclusive privileges, making the overall vehicle ownership experience more rewarding.

The Bank said the partnership reflects its continued focus on delivering practical and customer-centric leasing solutions in collaboration with reputed vendors. By combining competitive rates with cost-saving concessions, the Bank aims to make vehicle ownership more attainable for both existing and new customers.

This collaboration is particularly significant in the current market context, as it offers customers the opportunity to benefit from preferential leasing terms while managing repayments in a way that suits their financial circumstances.

As a pioneer in leasing solutions, Commercial Bank continues to innovate through strategic alliances that enhance value, broaden choice, and support customers in achieving their lifestyle aspirations.

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