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Sri Lanka to benefit from Blue Climate Fund

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Japan’s Sojitz Corporation and Nippon Trading East have pledged to start a Blue Climate Fund to be implemented by Worldview International Foundation (WIF) and its community partners in Asia, Africa and Middle East.

Large Japanese corporations in the lead are making Sri Lanka a primary investment target in this initiative.

The initial capital of USD 25 million will be increased according to the needs. The fund targets support planting of 25,000 hectares of mangroves in Sri Lanka in partnership with Supreme Global Holdings Ltd.

Omar Qandeel of Nippon Trading Est. and Sojitz Corporation of Japan launched the Blue Carbon Fund by signing an MOU with WIF recently in support of the UN Climate Agreement and the UN Sustainable Goals.

The fund’s first investment will be in Sri Lanka in partnership with Supreme Global Holdings who will disburse the funds and execute the

project through its wholly own subsidiary ‘Mangrove Conservation & Restoration (Pvt) Ltd.

It is a dedicated impact investment fund to focus on mangrove restoration and conservation, in addition to blue carbon sea grass conservation and seaweed planting and harvesting for maximum climate impact.

The fund plans to grow with multiple jurisdictions thus catering to mitigate global climate change through the development of Blue Carbon in support of the UN Paris Climate Agreement and UN Sustainable Development Goals.

‘This is inspiring news for millions of people around the globe, says Dr. Arne Fjortoft, Secretary General of WIF.

“During the last 12 years, WIF has developed and implemented large mangrove restoration projects with record high 96% survival rate of plants. Mangroves are the most effective natural climate change mitigators. Additional resources available in 2022 by Japanese corporations, will be available to expand further to every region of the world with potential for mangrove restoration to meet urgent needs with immediate climate action.”

Dr. Arne Fjorsoft is a well known name for climate initiatives and has contributed to the Sri Lankan economy for the past many decades starting from establishing the ‘C-Nor’ Foundation. He has already established over 120,000 Hectares of mangroves in Myanmar and is now expanding aggressively in the region starting with Sri Lanka.

Sojitz Corporation is an integrated global trading company with an approximate revenue of $15 billion. Headquartered in Tokyo, Sojitz Corporation consists of some 400 subsidiaries and affiliates located in Japan and throughout the world. Developing wide-ranging general trading company operations in a multitude of countries and regions with over 20,000 employees, Sojitz Group has established new policies and targets to fulfil its commitment towards realizing a decarbonized society.

As announced in Sojitz’s long-term sustainability vision for 2050,

“Sustainability Challenge is to create sustainable growth for both Sojitz and society by working to help achieve a decarbonized society through our business activities, and by responding to human right issues, including those within our supply chains,” says Sojit Corporation in its corporate statement.



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Business

Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment

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The exchange of the MoU between the two organisations

By Sanath Nanayakkare

In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.

The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.

A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.

Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.

With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.

To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.

Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.

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Hettich celebrates a decade in Sri Lanka with partner meet in Colombo

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Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality

Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.

The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.

Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.

The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.

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GS Evo Motors launches all-new JMEV EWIND

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Priyantha Perera, Chief Executive Officer of GS Evo Motors (left), and Sunil Wettasinghe, Chairman of GS Evo Motors, introducing the latest JMEV Ewind Electric SUV to the local market

GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.

The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.

The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.

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