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Strengthening Trilateral Ties: Milinda Moragoda Praises Ambassador Mizukoshi’s Legacy at Sri Lanka, Japan-India Investment Promotion Event

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Ambassador Mizukoshi Hideaki, Milinda Moragoda, Founder of the PF, Chairman PF, Bernard Goonetilleke, Dr. Dayaratna Silva Director PF, Ahmad A. Jawad, Director PF, Renuka M. Weerakone, DG of the BOI, Lahiru Ramanayake, MD of Damro Group and team

Milinda Moragoda, Founder of the Pathfinder Foundation, delivered a keynote address highlighting the importance of trilateral cooperation between Japan, Sri Lanka, and India. The event, held at the newly renovated Japanese Embassy, brought together high-level representatives from all three countries and was attended by representatives of Japanese investors in Chennai, the Japanese Chamber of Commerce in Chennai, and key members of the Sri Lankan business community.

The trilateral trade and investment promotion mission, organised by the Japanese Chamber of Commerce in Chennai and the Japanese Embassy in Colombo in collaboration with JETRO. Coincidentally, Pathfinder Foundation participated in this important trilateral promotional event that took place on the last day of Japanese Ambassador Mizukoshi Hideaki’s tenure in Sri Lanka.

In his keynote speech, Moragoda expressed deep appreciation for Ambassador Mizukoshi’s influential role during a critical period for Sri Lanka. The Ambassador’s leadership, particularly during Sri Lanka’s economic crisis, was praised for his steadfast support of the country and its people. Moragoda noted that the Ambassador was pivotal in promoting key projects that would positively impact Sri Lanka’s economic recovery and development.

The event also served as a platform to discuss the growing potential for trilateral cooperation between Japan, Sri Lanka and India.  Moragoda emphasised the importance of investing in the Northern Province of Sri Lanka, a region ripe with opportunities, particularly in the power and energy sectors. He stressed that strengthening connectivity between India and Sri Lanka could unlock significant economic benefits, spur further investment, and enhance regional growth.

Dr. Dayaratna Silva, Executive Director of the Pathfinder Foundation, made a comprehensive presentation on the prospects for trilateral cooperation in key sectors such as trade, renewable power and energy connectivity. He highlighted the growing convergence of interests between Japan, Sri Lanka, and India, emphasising leveraging shared opportunities in the energy sector. He outlined specific projects that could foster deeper ties, promoting a mutually beneficial framework for sustainable power and energy development that would connect with the larger regional network. The Pathfinder Foundation was represented at the event by its Chairman, Bernard Goonetilleke, and Director PF, Ahmad A. Jawad.

Further contributions came from Renuka M. Weerakone, Director General of the Board of Investment of Sri Lanka, and Lahiru Ramanayake, Managing Director of Damro Group. They provided detailed overviews of the investment landscape and opportunities in Sri Lanka, focusing on facilitating partnerships with Japanese and Indian businesses, underscoring the potential for enhanced cooperation.

The event held mere hours before his departure from the shores of Sri Lanka, marked the conclusion of an eventful diplomatic assignment of Ambassador Mizukoshi that has significantly strengthened Japan-Sri Lanka relations. The discussions on trilateral cooperation provided a hopeful vision for the future, as the event laid the groundwork for collaboration between the three countries.

The event concluded with a toast to Ambassador Mizukoshi’s successful tenure in Sri Lanka, as participants engaged in discussions about the future of trilateral relations between Japan, Sri Lanka, and India.



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A sustained wave of Indian assistance to Sri Lanka showcases defining shift in developmental diplomacy

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Transport Minister Bimal Rathnayake and Indian High Commissioner Santosh Jha at the plaque unveiling ceremony for the Moragahakanda Bridge project, supported by Indian grant assistance.

By Sanath Nanayakkare

An evolving approach to regional diplomacy was brought into sharp focus with the recent foundation-laying ceremony for the Moragahakanda Bridge in Matale.

Jointly launched by Indian High Commissioner Santosh Jha and Minister of Transport, Highways and Urban Development Bimal Rathnayake, this 175-metre span is far more than a routine civil engineering project. It serves as the physical manifestation of a broader USD 450 million reconstruction package deployed by India in the wake of Cyclone Ditwah, which severely fractured the island’s transport arteries.

Foreign aid is too often discussed in cold, macroeconomic abstractions. Yet, every so often, a consistent pattern of targeted assistance alters the landscape of bilateral relations, offering a clear window into how regional partnerships evolve out of necessity and goodwill.

Across the country today, a remarkable narrative of multi-layered cooperation is unfolding.

From critical post-disaster infrastructure and maritime routes to grassroots agricultural uplift and institutional capacity-building, India’s developmental footprint is shifting unmistakably toward an organic, people-centric model of shared resilience.

What distinguishes this latest wave of assistance is its deliberate pivot from emergency support to permanent, climate-resilient transformation. When Cyclone Ditwah initially paralysed regional connectivity, India’s immediate response was marked by the rapid deployment of temporary Bailey bridges.

Today, that swift humanitarian intervention has matured into a structural blueprint: the Moragahakanda project stands as the vanguard of 13 permanent bridges being built across Sri Lanka’s provinces by IRCON International Limited, complemented by upcoming railway upgrades and modern signaling systems backed by a USD 250 million Line of Credit.

The true signature of this diplomatic shift lies in its breadth, operating simultaneously across multiple tiers of society:

Institutional Governance: Delegations of Sri Lankan parliamentarians and senior administrative officers regularly travel to India to study public policy frameworks, legislative systems, and administrative practices.

Economic Lifelines: Financial mechanisms, such as viability gap funding for the Nagapattinam-to-Kankesanthurai passenger ferry service, continue to shrink geographical distances, reviving coastal commerce and tourism.

Grassroots Empowerment: Specialised capacity-building programmes tailored for local stakeholders – ranging from state officials to rural dairy farmers -ensure that development reaches deep into the island’s hinterlands.

By aligning immediate disaster relief with long-term infrastructure, institutional capacity, and human capital, India and Sri Lanka are demonstrating how neighbours can build safer, more connected futures together, grounded firmly in mutual respect and tangible progress.

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Bring your own bag to book fair, CEA urges

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By Ifham Nizam

The Central Environmental Authority (CEA) yesterday urged visitors to the Colombo International Book Fair to bring reusable bags to carry their purchases, as part of a drive to reduce single-use plastic waste at the event.

CEA Director General R. S. P. Kapila Rajapaksha said large quantities of plastic, particularly “sili sili” bags, had been used to carry books at previous book fairs.

“We urge visitors to bring an environmentally friendly, reusable bag when they come to buy books. This simple step can help reduce the use of single-use plastic and protect the environment,” Rajapaksha said.

The book fair opens on September 25, with the CEA and the Sri Lanka Book Publishers’ Association launching an awareness programme targeting book sellers, food vendors and visitors.

The programme will be conducted under the theme “Read Smart, Carry Smart”, focusing on reducing polythene and plastic use throughout the exhibition.

The CEA said the use of plastic bags is also subject to regulations issued under the Consumer Affairs Authority Act. Gazette Extraordinary No. 2456/41, dated October 1, 2025, prohibits the free distribution of handled “sili sili” bags to consumers. Where such bags are sold, the charge must be included in the customer’s bill.

The CEA said food outlets at the book fair would also be required to comply with regulations prohibiting a range of single-use plastic products.

These include plastic straws and stirrers, disposable plastic plates, cups, spoons, forks and knives, as well as polythene-based food wrappers commonly known as lunch sheets.

The CEA said it had discussed the requirements with relevant stakeholders and reached agreement to ensure that prohibited products are not used at food outlets within the exhibition premises.

The authority urged both traders and visitors to cooperate with the initiative and help make this year’s book fair a more environmentally responsible event.

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Japanese investor Yoshimichi Watanabe backs Hunas Holdings

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Yoshimichi Watanabe / Tanaka - Director Hunas Holdings PLC

Partnership signals renewed foreign investor confidence in Sri Lanka as a destination and in the long-term growth of its hospitality sector

Japanese investor Yoshimichi Watanabe has entered into a partnership with Colombo Stock Exchange-listed Hunas Holdings PLC, in a move that comes as the diversified conglomerate prepares a significant expansion of its hospitality and real estate interests in Sri Lanka.

The partnership brings foreign capital and international market experience into one of Sri Lanka’s fastest-diversifying listed groups at a point when the Group is actively building out its pipeline across both sectors. Hunas Holdings is currently evaluating a series of hospitality and real estate developments in Sri Lanka, with further announcements expected in the coming months.

Hunas Holdings PLC operates across hospitality and leisure, real estate, renewable energy and agriculture, with a hotel portfolio that includes Hunas Falls in Elkaduwa

For Sri Lanka, the significance of the partnership extends beyond the two parties. Inbound investment of this nature, from an investor with direct and sustained experience of the market, is a measure of returning confidence in the country as a destination and in the underlying fundamentals of its hospitality sector, at a time when the industry is repositioning towards higher-value, experience-led travel.

Watanabe brings investment experience across e-commerce, hospitality and real estate in Japan and in international markets including Bali, Indonesia. He has also maintained a relationship with Sri Lanka over many years, having made multiple investments in the country, giving him first-hand insight into its business environment, regulatory landscape and long-term potential.

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