Business
OREL IT appoints Dr Upendra Pieris as CEO
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OREL IT, a well reputed name synonymous with distinctive groundbreaking technology and innovation both in Sri Lanka and globally, recently appointed Dr. Upendra Pieris as its Chief Executive Officer who has been at the forefront of the company’s accelerated growth in his previous capacity as the Vice President to the organization.
In his new role, Dr. Upendra will continue to share his visionary leadership, knowledge and direction across the company and steer it to be a global technology partner for industrial and commercial challenges and innovation, enabling endless possibilities through industry 4.0 whilst impacting and enriching lives and communities.
With decades of experience in the global IT industry, Dr. Upendra is the inspiration behind Orel IT’s incredible success within a short span of time. He is a renowned professional in various fields to include AI Vision Solutions, IT Services Management, Business Analysis, Project Planning and Management, and Software Process Management among others.
OREL IT has grown exponentially from a two-person fraternity to a 4,500 plus strong company in just over a decade. It is a fully owned subsidiary of Orel Corporation which has today evolved into a highly sought-after multi-vertical player with core interests in building infrastructure, digital infrastructure, digital commerce, education, IOT, transportation, healthcare, with presence in six continents.
Recently, Dr. Upendra was also inducted as Member of the prestigious Forbes Technology Council, an invitation-only organization that brings together some of the world’s leading and emerging CIOs, CTOs, and technology executives and entrepreneurs.
Dr. Upendra has contributed immensely to the IT industry of Sri Lanka, encouraging and inspiring young professionals to be confident, aspiring, and innovative leaders with a strategic, conscious mindset. He actively takes part as a speaker in many industry forums and discussions. He is presently an Executive Committee Member for AI Center of Excellence and Entrepreneurship Forum at Sri Lanka Association for Software and Services Companies (SLASSCOM), and Digital Chapter and Software Chapter of the Federation of Information Technology Industry Sri Lanka (FITIS).
He is also a Board Director of the ICT Industry Skills Council and an Advisory Committee Member for the IT/BPM Sector at the Sri Lanka Export Development Board. Last year, he obtained a doctorate in information technology from the European International University in Paris. Dr. Upendra continues his dedication and commitment to help bridge the gaps to increase digital literacy in Sri Lanka and indulges in various socially responsible causes and initiatives.
Under Dr. Upendra’s leadership, the company has been consecutively recognized with many awards such as NCE Export Awards by National Chamber of Exporters of Sri Lanka (NCE), Entrepreneur Awards – Western Province by National Chamber of Commerce of Sri Lanka (NCCSL), and Presidential Export Awards.
Throughout its corporate vocation since 2010, OREL IT provides end-to-end technology solutions such as Data Services, mobile and software development; R&D, cyber security, including AI and machine learning, to a world class client base serving in 13 diverse industries across the globe. In fact, the company’s unwavering focus on these technologies coupled with the potentiality of its spirited team has made Orel IT to stand firm and strong in the global IT industry as a leading business entity at present.
Business
ADB supports Sri Lanka inter-university Make-A-Thon
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The Asian Development Bank (ADB) and the University of Kelaniya organized the Sri Lanka Inter-University Make-A-Thon for Assistive Medical Technology from 22–24 February 2025 to come up with new solutions for affordable assistive medical technology devices.
This Make-A-Thon is supported by the Ministry of Education, the University of Colombo, the Open University of Sri Lanka, Thrimana 3D Printers, ATG Glove Solutions, Avon Pharmo Chem, Leeban Interiors, and FabLab Shinagawa, Japan. “I am thrilled to witness the creativity, empathy and passion of Sri Lankan youth making a social impact by providing customized but potentially scalable interdisciplinary solutions within this limited time,” said ADB Country Director for Sri Lanka Takafumi Kadono. “I hope that this Make-A-Thon event will bring a lasting impact for mainstreaming affordable assistive health technology service delivery to the doorstep of people with disability in Sri Lanka.” The event brought together over 150 participants, including people with disabilities as need knowers, university students and faculty members whose majors are engineering, technology, medical, designing occupational therapy, speech and language therapy from 9 universities, and digital fabrication experts to co-create human-centered assistive devices.
The event was held at the new platinum-rated green building facilities at the Faculty of Computing and Technology, University of Kelaniya, developed under the ADB-funded Science and Technology Human Resource Development Project. The event showcased Sri Lankan university students’ creativity producing affordable assistive medical technology solutions— costing less than $1 per device, thereby reducing reliance on imports. Senior Professor Nilanthi De Silva, the Vice Chancellor of the University of Kelaniya said “More than just a competition, the Make-A-Thon could combat the stigma attached to the people with disability.
This interdisciplinary collaborative event fostered innovation to develop practical solutions to real-world disability challenges through participatory processes.” Thirteen groups successfully developed 3D-printed assistive device prototypes for people with disability based on the interdisciplinary support from the University of Kelaniya led by the Faculty of Computing and Technology as well as the Department of Disability Studies of the Faculty of Medicine. The Japanese digital fabrication experts, funded by the Japan Fund for Prosperous and Resilient Asia and the Pacific grant, provided guidance for this event.
Business
Former CB Governor highlights urgency of structural reforms
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‘Sri Lankans have shown remarkable resilience, but further austerity is untenable’
By Sanath Nanayakkare
Sri Lanka must sustain annual economic growth exceeding 5% to achieve debt sustainability and resume full debt repayments by 2028, ensuring the financing of essential imports and safeguarding social and political stability, asserted Dr. Indrajit Coomaraswamy, former Central Bank Governor. He said so while speaking at the Centre for Poverty Analysis (CEPA) symposium, ‘Crisis-Driven Poverty’, held on February 27, 2025, at the Colombo Hilton.
Highlighting the urgency of structural reforms, Dr. Coomaraswamy, the keynote speaker of the event stressed, “Steady growth beyond 2028 is critical for poverty reduction and inclusive development. Without reforms, debt sustainability could unravel, risking another restructuring that would test public patience and destabilize society.
Reflecting on stalled progress, he noted, “Reforms in factor markets, state-owned enterprises, trade policy, and skills development were proposed 45 years ago. Yet, political incentives and powerful vested interests, businesses, unions, or others—have persistently obstructed change.” He expressed cautious optimism about the current government’s pragmatism under President Anura Kumara Dissanayake, praising its adherence to a robust macroeconomic framework post-election—a rare commitment in Sri Lanka’s history, while mentioning the role of Former President Ranil Wickremesinghe in introducing and pursuing it.
The symposium featured findings from CEPA’s 2023 survey of 5,000 households, partially funded by the Asian Development Bank (ADB). The study expanded with independent financing to include an additional 2,500 households, analyzed poverty through both expenditure-based metrics and the Multidimensional Poverty Index (MPI). It assessed the socioeconomic impact of Sri Lanka’s crises and the efficacy of social protection programs.
The event brought together government officials, donors, civil society groups, and academics to strategize on poverty alleviation. Dr. Coomaraswamy warned, “Delayed reforms risk entrenching poverty and compounding debt challenges. Sri Lankans have shown remarkable resilience, but further austerity is untenable.”
His remarks underscored the delicate balance between economic discipline and social equity, urging swift action to secure long-term stability.
Business
Nestlé Lanka inaugurates new Rs.1.1bn biomass boiler at Kurunegala Factory
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Continuing its journey of doing good for Sri Lanka, Nestlé Lanka invested in a biomass boiler project at its state-of-the-art factory in Kurunegala. The biomass boiler is a key initiative in the ‘Good Food Good Life’ company’s journey towards reaching net zero carbon emissions across the value chain by 2050.
Nestlé strongly believes in conducting its operations sustainably in a manner which positively impacts not only people, but also the planet. This LKR 1.1 billion investment will facilitate the transition from the use of furnace oil to biomass for generating steam in its manufacturing operations. This transition will lead to a 90% reduction in carbon emissions generated from current steam boilers.
Sunil Handunneththi inaugurated the new biomass boiler at the Kurunegala Factory on the 27th of February 2025. The inauguration ceremony also witnessed the participation of H.E. Dr. Siri Walt, Ambassador of Switzerland to Sri Lanka and the Maldives, Professor Tilak Hewawasam, Chairman – Central Environmental Authority, and Mr. Vish Govindasamy, Past Chairman of the Ceylon Chamber of Commerce and Chair of the Chamber’s Clean Sri Lanka Initiatives.
Sharing her thoughts, Dr. Siri Walt stated “Nestlé has a longstanding presence in Sri Lanka of almost 120 years producing household names like MAGGI, MILO and NESTOMALT. But Nestlé is also a sustainability champion with its aim to reach net zero carbon emissions by 2050. The groundbreaking investment into this biomass boiler is a testimony to this. I am delighted to see Nestlé’s investment into innovation and sustainability, a priority for Switzerland and Sri Lanka.”
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