News
H’tota Port group attracts first investor since its upgrading
USD 25 mn project underway
Following Hambantota Port Group’s (HIPG) recent investment in upgrading crane facilities to expand container operations at the Hambantota International Port (HIP), Comfort Mattress Lanka (Pvt) Ltd. has become the first investor to seize the opportunity to set up operations in the port’s industrial park. With an investment of USD 25 million, the project targets key export markets, including the USA, Europe, and Canada, according to a statement issued by Hambantota International Port yesterday (19).
The text of HIPG statement: “Under a 30-year renewable long-lease agreement with HIPG, Comfort Mattress Lanka will construct a 62,000-square-meter factory dedicated to sponge mattress manufacturing and processing. The facility will import raw materials from Southeast Asia and China, with an expected annual output of 7,000 TEUs (Twenty-foot Equivalent Units).
HIPG’s efforts to position the port as a gateway for transshipment and a key industrial hub include the ongoing development of HIP’s state-of-the-art container yard. Wilson Qu, CEO of HIPG, expressed optimism about the project’s potential, stating, “The container yard we are developing will handle transshipment and strengthen HIP’s positioning as a gateway port. We anticipate heightened interest in the industrial park over the coming years, and as Sri Lanka’s economy stabilises, we foresee industries outside the port taking advantage of HIP’s strategic location.”
The project represents significant opportunities for local employment in Sri Lanka. The CEO emphasised the importance of youth training in technical and mechanical skills in the Hambantota district and surrounding areas to ensure that the local workforce is skilled and well-prepared to benefit from new developments.
The inclusion of Comfort Mattress Lanka in HIPG’s industrial portfolio, highlights the group’s ability to attract global businesses, reinforcing its commitment to cooperation, and mutual benefit. This collaboration reflects HIPG’s strategic vision to drive sustainable growth and strengthen Sri Lanka’s position as a modern trade and industrial hub while contributing to the nation’s economic prosperity.
This milestone further establishes HIP as a catalyst for investment and industrial development, setting the stage for future projects that will benefit both the region and the country.”
News
Modi ready to finalise Security Cooperation Agreement
Following talks with AKD
… decision on moratorium on foreign research vessels pending
By Shamindra Ferdinando
Indian Prime Minister Narendra Modi has disclosed a bilateral consensus on what he called ‘Security Cooperation Agreement’ with Sri Lanka following discussions he had with President Anura Kumara Dissanayake.According to the English translation of Premier Modi’s statement originally made in Hindi at the joint media briefing held on Dec 16, the proposed agreement would be finalised soon.
The statement quoted Premier Modi as having said that they were in full agreement their security interests were interconnected. “We have decided to quickly finalise the Security Cooperation Agreement. We have also agreed to cooperate on hydrography,” the BJP leader was quoted as having said.
However, according to Indo-Lanka joint statement titled ‘Fostering Partnerships for a Shared Future’ that was also issued on the same day, the two leaders agreed to look into the possibility of finalising a framework agreement on defence cooperation.
Defence hadn’t been separately included in the joint statement that was issued following former President Ranil Wickremesinghe’s visit to New Delhi in July last year.
The proposed ‘Security Cooperation Agreement’ had been comprehensively dealt under ‘Strategic & Defence Cooperation’ with the leaders declaring readiness to advance maritime and security collaboration.
During President Dissanayake’s recent state visit to India, New Delhi had obviously again raised objections to Chinese research vessels visiting Sri Lankan ports. Indian Foreign
Secretary Vikram Misri dealt with this issue during a special media briefing held the day after the issuance of a joint statement.
Keshav Padmanabhan of The Print asked the Foreign Secretary whether berthing of research vessels at Sri Lankan ports had been taken up with President Dissanayake. Padmanabhan also wanted to know whether Sri Lanka has extended its moratorium on such visits by another year.
President Wickremesinghe declared a moratorium on research ship visits in 2024.
The transcript of the Foreign Secretary’s briefing quoted Misri as having said “With regard to the issue related to the berthing of research vessels, etc., our understanding is that the Sri Lankan government is looking at this issue.
There are a number of considerations that they need to take into account. We did highlight from our perspective the role that India could play in a number of activities related to Maritime Security, Maritime Research, etc.
As I mentioned in my earlier remarks as well, we pointed to the importance and the sensitivity of our security interests in this area. President Dissanayake was very upfront in saying that he would ensure that nothing was done by using Sri Lankan territory that might impact India’s security. So, we will continue to engage with the government of Sri Lanka on all these issues and we are confident that issues of importance such as these will continue to be given due care by the government of Sri Lanka.”
National People’s Power (NPP) government is yet to indicate its position on Wickremesinghe moratorium on ships. Wickremesinghe made the announcement following intense US and Indian pressure over Chinese ship visits to Hambantota and Colombo harbours. However, the then Foreign Minister Ali Sabry declared during an official visit to Tokyo that the moratorium would end at the end of this year.
Foreign Secretary Misri is on record as having told the New Delhi briefing that there had been a session of restricted talks between President Dissanayake and Premier Modi at the Hyderabad House before delegation-level talks.
President Dissanayake told the joint media briefing that they carried out a comprehensive review of the current status of Indo-Lanka relations and exchanged views on the ways and means of further strengthening bilateral cooperation in areas of mutual interest in the future.
Although there had been no mention of a Security Cooperation Agreement, President Dissanayake said that they exchanged views on cooperation in the fields of defence and security, power and energy, training and capacity building, education, agriculture and social security.
News
Sri Lanka, China to advance high-quality development of ‘Belt and Road’
China and Sri Lanka have expressed willingness to jointly advance a high-quality development of Belt and Road. This decision had been announced during meetings held here between Sri Lankan leaders and a senior Chinese political advisor, Xinhua reported yesterday (19).
According to the Chinese news agency President Anura Kumara Dissanayake and Prime Minister Harini Amarasuriya met Qin Boyong, Vice Chairperson of the National Committee of the Chinese People’s Political Consultative Conference, executive vice chairperson of the Central Committee of the China National Democratic Construction Association, on Wednesday and Tuesday, respectively.
Qin said China was willing to deepen the high-quality development of Belt and Road with Sri Lanka, and practical cooperation under the strategic guidance of the heads of state of the two countries, to push forward their strategic cooperative partnership featuring sincere mutual assistance and a lasting friendship.
The Sri Lankan leaders thanked China for its assistance to the economic and social development of the country, saying that the new government will firmly adhere to the one-China principle and is willing to maintain high-level exchanges with China, jointly build the Belt and Road with high quality and deepen cooperation in various fields.
Qin, whose delegation visited Sri Lanka from Monday to Thursday, also met new Speaker Jagath Wickramaratne.
News
Defendant Ven. Gnanasara absent: Verdict in case pertaining to insulting Islam put off
Police ordered to arrest the monk
The Colombo Magistrate’s Court yesterday (19) issued a warrant for the arrest of the General Secretary of the Bodu Bala Sena (BBS) Organisation, Ven. Galagodaaththe Gnanasara Thera. He is a defendant in a case filed for insulting Islam and did not appear before the court.
The verdict in the case was to be delivered yesterday. However, the court decided to put off the announcement of the verdict due to the absence of Gnanasara Thera. Hi informed the court that his client could not attend proceedings due to illness.
Taking the presented facts into consideration, Colombo Additional Magistrate Pasan Amarasena postponed the announcement of the verdict to January 9, 2025, while ordering that the thera be arrested and produced in court.
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