Business
US tech company ‘SHIELD’ shifts from China to Sri Lanka
Invests $8.5 million in Sri Lanka in a joint venture with AmSafe BridPort
Says their income statement will be more profitable in Sri Lanka
by Sanath Nanayakkare
American engineering technology group Transdigm Group has invested $8.5 million in Sri Lanka in a joint venture with locally operating AmSafe BridPort to provideengineering solutions for global aviation services, the Board of Investment (BOI) said last week.
The new investment saw the launch of new factory SHIELD in the western investment zone of Wathupitiwala. With the new investment SHIELD has shifted to Sri Lanka from China, BOI officials said.
The foundation stone for the factory was laid on Thursday (31) in the investment zone.
“SHIELD’s decision to shift its facility in China to establish a manufacturing facility in Sri Lanka is a testament to the growing interest of U.S. investment in Sri Lanka,” U.S. Ambassador Julie Chung said in her remarks before laying the foundation stone to the factory.
“Manufacturing moves like this one, driven by customer demand to diversify supply chains, represent a great opportunity for Sri Lanka. If the new government can strengthen the investment climate, implement anti- corruption measures, and strengthen business-friendly governance and transparency, there is potential for even more manufacturers to make similar moves.”
“I would like to recognize Chandani Ekayanake, the General Manager of AmSafe Bridport. Chandani has been instrumental in leading AmSafe Bridport and assisting SHIELD in setting up operations in Sri Lanka
US tech company. Under her leadership, AmSafe Bridport has earned Great Place to Work certifications and has been actively involved in corporate social responsibility efforts, making a positive impact on the local community. Chandani’s success is a shining example of what women in leadership can achieve, and I hope to see more women in Sri Lanka stepping into management roles, following in her footsteps ,” she said.
Transdigm is a $6.6 billion worth U.S. company with more than 16,000 employees worldwide. Transdigm Group, a leading provider of engineering solutions for global aviation, is the parent company of AmSafe BirdPort, which operates in Sri Lanka.
AmSafe BridPort has been providing engineering solutions for global airlines and aircraft manufacturers such as Boeing and Airbus and is making a significant contribution to the country’s economy, its General Manager Chandani Ekanayake said.
American companies operating in China are moving to other countries due to the Section 301 tariff policy imposed by the United States on China, the BOI said in its statement.
“Due to the investment friendly environment in Sri Lanka, they have decided to bring the SHIELD manufacturing plants from China to Sri Lanka,” it said.
With the new move, SHIELD has planned to bring 100% of its Chinese manufacturing industries to Sri Lanka.
SHIELD provides a range of accessories focused on safety in a variety of applications such as child seats, utility vehicles, commercial trucks, RVs, motor coaches, school/transit buses and construction/agricultural equipment.
The $ 8.5 million investment is expected to create 500 direct employment opportunities for Sri Lankans, according to the BOI.
Speaking to The Island, Dennis Pursel President – SHIED said, “I was very keen about coming here. AmSafe BridPort has been here for over 20 years. They gave a glowing recommendation on the workforce in Sri Lanka. And the export/import duties here are a reason for us to come here and manufacture our products. There is a strong workforce here with good work ethics and we can hire educated people. The geographical location is not super helpful because it is further away from China. We have to come to the East Coast now and the distance is a bit more. But the benefits outweigh the cons. Our income statement will be more profitable. The Section 301 tariff policy imposed by the United States on China will make China-produced goods very high [in cost] by about 25% for particular goods. So, we are able to avoid that by manufacturing in Sri Lanka.”
Business
A sustained wave of Indian assistance to Sri Lanka showcases defining shift in developmental diplomacy
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.
Business
Bring your own bag to book fair, CEA urges
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.
Business
Japanese investor Yoshimichi Watanabe backs Hunas Holdings
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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