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Sri Lanka to focus on Green Entrepreneurship

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From left iLEAD International Academy, Sri Lanka Ravi Pratap Singh Managing Director, Senior Advisor to the President on Climate Change, Ruwan Wijewardene and CEO FCB KL.LK Santosh Menon

The United Nations has recently applauded Sri Lanka’s efforts to restore and expand the island’s mangrove cover by over 50 percent. The country has been selected as one of the seven UN World Restoration Flagships for its pioneering efforts in mangrove restoration.

Senior Advisor to the President on Climate Change, Ruwan Wijewardene, is actively preparing for the next phase of efforts in this direction. A meeting was held with Ravi Pratap Singh, Managing Director of iLEAD International Academy, Sri Lanka, which has come up with a comprehensive plan to promote Green Entrepreneurship in the country and develop mangroves with the involvement of youth. Green entrepreneurship, the plan suggests, would create a sustainable mechanism for maintenance and growth of mangroves in the country.

The plan presented by Singh, along with CEO FCB KL.LK Santosh Menon, points out that at this stage, the acceleration in efforts to further expand the area under mangroves would require re-introduction of a more systematic and scientific community-led effort to plant mangroves in the country to ensure greater survival rates. A large number of youths in the coastal areas of the country- looking for livelihood options, could be developed as Green Entrepreneurs to take this effort forward. This would help Sri Lanka to continue claiming the global leadership in its efforts towards ecosystem protection, restoration and growth and show the way to the entire world.

Considering the fact that the last mile efforts are always tough, the comprehensive plan envisages new energise through an attractive proposition of youth entrepreneurship and their sustained engagement in this direction. Wijewardene appreciated the fact that this plan not just considers promotion of some of the established enterprises around mangrove-based products like mangrove honey and resins, but it also explores the latest innovations to promote entrepreneurship in bio-mimicry based products like ECOncrete; and co-existence-based products and services where mangroves are developed along with shrimp farming.

The plan includes role of all strategic players to ensure success. Government would like to see involvement of coastal communities at the core of it, supported by the scientific and business communities. The iLEAD International Academy, a social business initiative in the country, with successful mobilisation of more than 12,500 youth for vocation training and entrepreneurship development, aims to mobilise 6,500 youth spread across 64 DS Divisions of the country with maritime border to be the Green Entrepreneurs under this plan.

During the initial discussions with Thushira Radella and Mr. Dan de Silva of Chamber of Young Lankan Entrepreneurs (COYLE), with Dr. Rupesh Bhomia of the Centre for International Forestry Research and International Centre for Research in Agroforestry (CIFOR-ICRAF) based in Colombo, and with Kapila Dhanapala, Country Manager of Aide et Action International, they have expressed their keen interest and willingness to be the significant collaborators of this plan.

UN Decade on Ecosystem Restoration (2021-2030), led by UNEP and FAO, monitors the UN World Restoration Flagships. It has projected the need to create 4000 Green Jobs to restore 10,000 hectares of mangroves in Sri Lanka by 2030. This according to them would require US$3.5 million, i.e., approximately Rs. 1,050 million.

It is proposed in the plan that many corporates outside Sri Lanka, looking for carbon/green credit have been contacted and they would be tapped to mobilise resources for this work.

The office of Ruwan Wijewardene has proposed a meeting of selected key stakeholders towards the end of April 2024, to give a concrete shape to this plan. He also said that the government of Sri Lanka would quickly work towards developing a policy for carbon/green credit certification in the country to attract more resources from outside the country for this purpose.



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JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification

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JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).

JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.

Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.

A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.

Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:

“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”

The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.

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Industry bodies flag gaps in Draft National Electricity Policy

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The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.

Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.

The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.

The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.

Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.

The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.

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Bank of Ceylon partners with 36th APB Sri Lanka Convention

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Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.

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