Business
OPA meets with policymakers, makes 17 proposals for sectoral development of economy
by Steve A. Morrell
The Organisation of Professional Associations of Sri Lanka (OPA) has held discussions with the authorities of the government and have made proposals to further develop Tourism, Foreign Employment, Shipping, the Apparel Sector, Export Incentives, the Spice Industry and several other industries of the SME sector on a par with India and China.
Taking into account Sri Lanka’s geographical position in the Indian ocean and its multifaceted areas attracting international interest, the OPA has suggested continuous review and recommended credence for cogent action within a given time frame.
The press conference convened by the OPA last week was to project interest of areas for discussion not merely to highlight action, but to incentivise action to improve the economic position of the government to eventually ensure economic progress,
Dulith Perera President of OPA said that at a meeting in December 2020 of the executive council of the OPA, the Committee for the Development and Sustenance of foreign Exchange in Sri Lanka’ was formed. Since then the Committee has subjected to deliberations and generated proposals categorized as short term and Medium term options.
Short term options included, credit lines extended to long years with countries from major level of imports, development of the apparel export sector. Utilising the ‘New Normal’ and the developmens in the apparel industry in Bangladesh as index for further growth.
The OPA’s further deliberations included, seeking enhanced employment quotas from countries such as Korea, Japan, Middle East, Israel etc., to improve foreign remittances. Also negotiate an employment quota from China.
Creation of an authority to develop the spice industry, in the context that Sri Lanka spices are the best in the world and following the model of the tea industry for further development.
Developing the Colombo Port for international container shipping to include Colombo as part of the major shipping lanes and address the lack of containers needed for exports.
Encouraging foreign investment for a minimum of 100,000 USD, or an equalised portion of more than 50 percent of the total cost. The Banking institutions to enter into tripartite agreements with developers and investors.
Special concessions to the SME sector, to include interest free advances and credit guarantees to the apparel sector in particular to encourage this sector, which now contributes about 65 percent to the economy of the country. Support to this sector is recognized as crucial to progress of the economy.
Gems and jewellery is included in the OPA proposals.
Additionally Economic development through export of high tech products, A new dimension for tourism, that could include medical tourism, pilgrim tourism and the outstanding features of Sri Lanka’s topography. Expanse of beaches with aqua sports and abundance of fauna and flora including game parks,
Development of universities to attract influx of foreign students from countries like the Maldives, Pakistan, Bhutan, to name few, countries who could take advantage of educational possibilities that could cater to a student population from such countries.
The OPA’s resurgence programme also included resuscitating and re-structuring industries that needed assistance for progress with assistance from the banking sector.
Past President Ruwan Gallage elaborated on details that were conveyed to the government, for effective action both in the short term and long term.
Attorney at law, Ruchira Gunasekera, Gen Sec. Eng, Upali Jayawardena, President Dulith Perera, Past president Ruwan Gallage , Treasurer, Bandula Gamarachchi, and Shantha Senarath were at the head table at the press conference.
Business
Indian business leader urges SL entrepreneurs to tap into India’s rapidly expanding consumer market
By Sanath Nanayakkare
Speaking at the Sri Lanka Economic and Investment Summit 2026, T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd (RCPL), emphasised that local enterprises can unlock substantial economic benefits by strategically aligning with India’s booming consumer base.
Addressing business leaders and policymakers at the Shangri-La Hotel in Colombo, Krishnakumar highlighted that geographical proximity and rich cultural ties provide a natural foundation for deeper commercial collaboration.
He noted that instead of viewing bilateral trade narrowly, regional partnerships should act as conduits to build robust, scalable enterprises capable of plugging into wide-reaching regional value chains.
“For Sri Lankan exporters dealing in traditional staples as well as value-added goods, accessing India’s rising middle class presents a phenomenal growth window,” he said.
Drawing insights from Reliance Consumer Products’ rapid expansion – which scaled efficiently to thousands of employees and multi-billion-dollar metrics – Krishnakumar stressed that modern corporate success relies on disciplined execution, localised consumer understanding, and smart technology integration.
Furthermore, he underscored that while rapid growth is critical, businesses must consistently anchor their models in affordability and consumer trust.
Concluding his address at the summit, the RCPL chief noted that pairing regional trade integration with resilient business practices and predictable regulatory frameworks will be vital as Sri Lanka transitions firmly toward accelerated economic development.
Addressing the Summit during a subsequent fireside chat, President Anura Kumara Dissanayake underscored that a core concern currently being targeted by the government is developing a critical mass of local entrepreneurs equipped to engage with international enterprise counterparts.
Business
SriLankan Airlines wins prestigious SATA 2026 Visitors’ Choice Award for Leading International Airline
SriLankan Airlines has once again been honoured with the prestigious Visitors’ Choice Award for Leading International Airline at the South Asian Travel Awards (SATA) 2026, reaffirming its continued recognition in the regional travel and tourism industry. The airline, which has received this award in previous years, was the only international airline to be recognised in this category at this year’s event. The 10th anniversary edition of the awards ceremony was held earlier this month at Hotel Barcelo Nasandhura in Male, Maldives.
Recognised as one of the key events on the Maldivian tourism and travel industry calendar, SATA celebrated its 10th anniversary on a grand scale, bringing together prominent industry stakeholders, including Government Ministers, distinguished dignitaries, diplomats and senior representatives from leading airlines and their respective head offices.
Commenting on the achievement, Dimuthu Tennakoon, Head of Commercial, SriLankan Airlines, stated, “We are honoured to receive this recognition at the South Asian Travel Awards 2026. Being named the Leading International Airline in the Visitors’ Choice Awards once again is a meaningful acknowledgement of our commitment to serving our passengers and strengthening our presence in the region. This award inspires us to continue enhancing the travel experience we offer and to build stronger connections with the markets and communities we serve.”
Complementing its commitment to service excellence, SriLankan Airlines offers an extensive flight network with convenient connections to destinations across the globe. In South Asia, the airline operates nearly 130 flights each week to 15 destinations across India, Pakistan, the Maldives, Nepal, and Bangladesh. With schedules thoughtfully designed to suit the needs of travellers, SriLankan Airlines provides seamless connectivity for those visiting Colombo for business or leisure, as well as passengers travelling onwards to destinations worldwide.
Business
JXG enters LMD’s Most Respected Entities in Sri Lanka 2026 for the first time, securing a place among the first 50
JXG (Janashakthi Group), Sri Lanka’s leading financial conglomerate, has been ranked 44th in LMD’s Most Respected Entities in Sri Lanka 2026, marking the Group’s first appearance in the prestigious listing. The recognition places JXG among Sri Lanka’s most respected companies and marks an important milestone in the Group’s master-brand journey.
As the holding company, JXG was also recognised across key attributes including Aspirational Workplace, Business Expansion, Business Innovation, Corporate Culture, Corporate Dynamism, Crisis Management, Employee Wellbeing, Honesty and Integrity, and Leadership Profile. The recognition reflects the growing strength of the JXG brand and the collective contribution of its businesses and people in building trust and confidence among its stakeholders.
JXG’s subsidiaries, including Janashakthi Life and First Capital, have also been recognised in the main table of LMD’s Most Respected Entities 2026 rankings, while Janashakthi Finance has been recognised under the Business Expansion attribute, reflecting the strength of the Group’s individual businesses alongside its growing master brand.
Conceptualised and commissioned by LMD and conducted by PepperCube Research Consultants, the Most Respected Entities special edition recognises companies based on an independent survey of Sri Lanka’s business community.
Commenting on the recognition, Gamika de Silva, Group Chief Marketing Officer at JXG, said, “This is a proud moment for all of us at JXG. We set out to build a Group brand that is not just seen but lived by our people and reflected in everything we do. Ultimately, the true testament to any brand lies in its people, and the credit for this recognition goes to everyone across JXG who brings our values to life every day. This recognition is an encouraging milestone for us, while also reminding us to keep raising the bar and earning the respect of our stakeholders through what we do.”
JXG’s approach to building trust is anchored in its core values of Integrity, Collaboration, Respect, Performance Driven and Innovation. These values guide how its businesses operate, how its people engage with one another and how the Group serves its customers and wider stakeholders.
As JXG continues to expand its businesses, the Group remains focused on strengthening its market presence, creating long-term value and contributing to the growth of Sri Lanka’s financial services sector, guided by its purpose, Breaking Barriers, Forging Futures.
-
News6 days agoSri Lanka escalates anti-graft drive with Shiranthi’s jailing
-
News7 days agoNPP govt. reminded of its responsibilities as US warship leaves Colombo
-
Latest News7 days agoFarhan, Sadaqat help Pakistan ace 183 chase to go 1-0 up
-
Latest News5 days agoFarhan and Sadaqat help Pakistan seal series in style
-
News6 days agoIranian ships stranded, Lanka fears US sanctions
-
Latest News3 days agoNissanka’s return headlines Sri Lanka’s Test squad against Pakistan
-
News7 days agoInterdicted top House official Kularatne receives special recognition in Mexican Parliament
-
Features5 days agoIntake 16: 45 years of duty and honour
