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Sri Lanka showcases its glittery tourism offer at SATTE 2022

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As another result of its continuous efforts at promoting Sri Lanka as a potential tourism destination, Sri Lanka Tourism participated in the South Asia Travel & Tourism Exchange (SATTE) travel fair which was held in Greater Noida, Delhi-NCR, India, from May 18-22nd, with 65 Sri Lankan travel and tourism companies participating, a Sri Lanka Tourism Promotion Bureau press release said. The release adds: ‘Sri Lanka’s participation was successful and this year’s SATTE was a collaborative effort of the High Commission of Sri Lanka in New Delhi, the Sri Lanka Tourism Promotion Bureau and 65 travel industry members, including SriLankan Airlines. India is a major source market for Sri Lanka tourism.

‘SATTE offers a comprehensive platform to domestic and international buyers and professionals from across the travel, tourism and hospitality industry along with national and state tourism Boards. SATTE is recognized as Asia’s leading travel and tourism exhibition to conduct business, share knowledge, exchange ideas in order to arrive at solution-driven innovations to accelerate the pace of the growth of the industry. SATTE has grown in terms of exhibitions and visitors (including international and domestic buyers) and is today the biggest networking forum for the travel and tourism industry in South Asia.

‘SATTE is an exceptional trade event which is well-supported by the Ministry of Tourism, government of India, national and international tourism Boards, Indian and international travel and trade associations and organizations, among others. 1,200+ exhibitors, 35,000+ trade visitors, 800+ VIPs & delegates, 26 state tourism Boards from 50+ countries attended SATTE 2022.

‘The Sri Lanka stand had a floor area of 256.5 sqm and was a vibrant attraction, with the décor used to decorate the stand highlighting all tourism attractions of Sri Lanka. The stand warmly welcomed visitors and gave them a flavour of the perfectly blended culture and heritage of Sri Lanka. H G U Pushpakumara, Minister, High commission of Sri Lanka ceremonially opened the Sri Lanka stand in the presence of officials of the Sri Lanka Tourism Promotion Bureau, officials of the High Commission of Sri Lanka and the Country Manager, SriLankan Airlines on May 18, the first day of the event, by lighting the traditional oil lamp along with industry members.

‘India has been identified as one of the fastest growing outbound markets in the world. The UNWTO has ranked India as one of the fastest growing outbound markets in the world with the volume of travellers going up by 25% every year.

‘Sri Lanka Tourism has identified India as an important source market for Sri Lanka which could provide greater opportunities to the Sri Lankan travel industry to engage with the members of SATTE.

‘The interest in exploring new places, the rise in purchasing power, availability of direct and low fare international flights are key drivers for the growth of the Indian travel segment. Sri Lanka plays a crucial role here as the destination is described as the No.3 most talked about ‘tropical south east Asian’ travel destination. 98% of trips to Sri Lanka were for leisure purposes, mostly visited for wildlife and beaches.

‘There is strong flight connectivity to main cities of India with SriLankan Airlines, Indigo, Air India, Vistara, etc. Although majority of travel bookings are made offline (Agents and OTA platforms) travellers are increasingly preferring to book online, especially with regard to lodging.

‘Leading hotel chains, such as, Shangri-La, Movenpick, Radisson have opened in Colombo, while Grand Hyatt and ITC hotels are scheduled to launch. This is an indication of the wide interest from luxury hotel chains. New tourism zones, spanning from beaches to mountains and forests create new avenues for the tourism sector in areas, such as, luxury travel, eco-tourism, health and wellness, etc.‘MICE, casinos, wedding and honeymoon destinations, leisure, youth, Golf tours, Ramayanaya Trail, Buddhist pilgrim tours, etc. are among the main products Sri Lanka could offer Indians all year round.’



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ADB pledges over $1 billion annually to Sri Lanka in post-cyclone recovery push

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ADB President Masato Kanda meets Sri Lankan Prime Minister Harini Amarasuriya at ADB’s Manila headquarters.

Asian Development Bank (ADB) President Masato Kanda met with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters recently. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality.

“Sri Lanka’s resilience in the face of crises has been remarkable,” said Kanda. “We are committed to helping Sri Lanka rebuild after Cyclone Ditwah, while also investing in the country’s future by empowering women entrepreneurs and strengthening education and essential skills.”

Looking ahead, ADB is ready to provide more than $1 billion annually to Sri Lanka from 2026 to 2029. This financing will target macroeconomic stability, private sector-led growth, education and skills development, and resilient infrastructure. Key initiatives include a major digital transformation program to help unlock Sri Lanka’s digital economy, alongside support for its accession to the Regional Comprehensive Economic Partnership to deepen its integration into regional trade and investment networks.

During their discussion, Kanda emphasized ADB’s response to the devastation caused by Cyclone Ditwah. Building on emergency financing already mobilized, ADB is fast-tracking an emergency assistance loan to restore damaged infrastructure and support affected livelihoods.

With Dr. Amarasuriya serving as the keynote speaker for ADB’s International Women’s Day event, the leaders highlighted women’s equality as a cornerstone of inclusive development. Kanda noted ADB’s long-standing work as an implementing partner of the Women Entrepreneurs Finance Initiative, which expands access to finance, business skills training, and policy reform for women-owned enterprises. This partnership has helped drive lasting change, with Sri Lanka becoming one of the first countries to adopt the Women Entrepreneurs Finance Code at the national level in March 2025.

Dr. Amarasuriya also engaged in dialogue facilitated by ADB to advance Sri Lanka’s skills agenda, including discussions on referencing skills and qualifications with the Association of Southeast Asian Nations and on mutual areas of interest with the Philippines related to technical and vocational education and training.

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New Board appointed to lead Unit Trust Association of Sri Lanka

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The Unit Trust Association of Sri Lanka (UTASL) announced its new Board of Directors, appointing Jeevan Sukumaran of SENFIN Asset Management as President. The Board assumes leadership at a time of significant growth and resilience in Sri Lanka’s Unit Trust industry. Over the past five years, the number of unit holders has more than doubled, while assets under management have grown substantially, reflecting a clear shift in investor behaviour amid evolving economic conditions.

The 2026–2027 Board includes Vice President Kavin Karunamoorthy (First Capital Wealth Management), Secretary Asanka Herath (Lynear Wealth Management), Assistant Secretary Gayan De Silva (Capital Alliance), and Treasurer Wishan Perera (Softlogic Invest).

President Jeevan Sukumaran highlighted the importance of expanding the industry’s reach and increasing retail participation nationwide. “Whilst the Unit Trust industry has grown significantly in recent years, the next phase must focus on broadening retail investor participation across Sri Lanka’s different geographic/demographic sectors, with the key priority being strengthening investor education and awareness, particularly outside major urban centres. Improving financial literacy and expanding access to professionally managed investment solutions are essential to building long-term confidence and encouraging more Sri Lankans to invest in unit trusts.”

The new Board intends to build on the industry’s recent momentum by prioritising investor education, digital accessibility, and product innovation. Over the coming years, enhanced digital platforms are expected to make Unit Trust products more accessible, enabling investors across the country to participate in capital markets in a convenient and transparent manner.

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Indiya at Cinnamon Life enters a flavourful new chapter

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Colombo’s vibrant dining landscape has received a fresh infusion of flavour with the renewed culinary direction of Indiya, the signature Indian restaurant perched high above the city at Cinnamon Life at City of Dreams. With celebrated Indian chef Mukesh Joshi now steering the kitchen, the restaurant is presenting a menu that celebrates the depth, diversity and soul of Indian cuisine while subtly weaving in Sri Lankan influences.

Located on the spectacular Level 23 of the sprawling Cinnamon Life complex, Indiya’s setting itself feels like a prelude to the culinary journey that unfolds at the table.

The restaurant’s sweeping views of Colombo’s skyline provide a dramatic backdrop to a menu designed to take diners across India’s many culinary regions — from the fragrant biryani traditions of Awadh to the bold spice profiles of coastal kitchens.

At the heart of this new chapter is Chef Mukesh Joshi, a culinary craftsman whose career spans some of India’s most renowned hospitality institutions as well as prominent dining establishments in the Middle East.

Having honed his skills at luxury hotels such as The Westin and St. Regis Mumbai before leading kitchens in Dubai’s thriving Indian dining scene, Joshi is known for his ability to balance traditional flavours with contemporary finesse.

At Indiya, his philosophy is simple yet compelling: celebrate the authenticity of Indian cooking while creating dishes that encourage sharing and conversation.

The experience begins with a vibrant array of small plates that capture the playful spirit of India’s street food traditions. The crisp Sev Papdi Chaat offers bursts of sweet, tangy and spicy notes, while a generous Pakora Platter brings together an assortment of golden-fried fritters that evoke the comforting flavours of roadside tea stalls across the subcontinent.

From there, the menu moves naturally into the world of the tandoor — the clay oven that lies at the heart of many Indian kitchens. Among the highlights is the Hariyali Tandoori Gobi, where cauliflower is marinated in a fragrant blend of herbs before being charred to smoky perfection. Equally intriguing is the Rajma Galouti, a vegetarian reinterpretation of the famed Lucknowi kebab, delivering a melt-in-the-mouth texture that surprises and delights.

Seafood lovers will find much to savour as well. Jhinga Koliwada, a coastal delicacy of spiced prawns fried to a crisp exterior, offers a lively contrast to the delicately seasoned Rawa Fried Surmai. These dishes reflect Chef Mukesh’s confident handling of spice and texture — two essential pillars of Indian cooking.

No Indian dining experience would be complete without the ritual of sharing freshly baked breads, and Indiya’s basket arrives warm and inviting. Chilli Cheese Naan brings a playful modern twist to a classic favourite, while flaky parathas and stuffed Aloo Kulcha provide comforting companions to the restaurant’s richly spiced curries.

By Ifham Nizam

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