Wednesday, April 30, 2014
Sri Lanka, Bahrain launch business forum
Colombo Page - 30/04/2014
Photos by Sudath Silva
Sri Lanka and Bahrain Tuesday inaugurated the Bahrain-Sri Lanka Business Forum at the headquarters of the Bahrain Chamber of Commerce and Industry (BCCI) in Manama.
A large gathering of prominent business leaders from both Sri Lanka and Bahrain participated in the Forum that consisted of business-to-business meetings and a visit to the Bahrain International Investment Park.
Minister of External Affairs Prof. G.L. Peiris, Bahrain's Minister of Industry and Commerce Dr. Hassan A. Fakhro, Minister of Industry and Commerce Rishad Bathiyutheen and the Second Vice Chairman of Bahrain Chamber of Commerce and Industry Jawad Alhawaj delivered speeches at the forum.
Two discussion sessions were held during the Forum. While the first discussion has focused on the business opportunities available in Bahrain for the Sri Lankan business community, the second session discussed trade, tourism and investment in Sri Lanka, Bahrain News Agency said.
Chairman of Sri Lanka Export Development Council, Bandula Egodage, Director General of Sri Lanka Tourism, Dr. D. S. Jayaweera, and Director of Investment Board of Sri Lanka, K.D. Lawrence have made presentations at the session.
Addressing the gathering, Industry and Commerce Minister of Bahrain, Dr. Hassan Fakhro, recalled that agreements and memoranda of understanding have been signed between the two countries over the years.
The Bahraini Minister noted that the bilateral non-oil trade with Sri Lanka has increased from approximately US$9 million in 2006 to some US$30 million by 2011.
The Minister affirming that the visit of the Sri Lankan President to Bahrain is a great opportunity to invigorate mutual business relations highlighted the promising opportunities available in Bahrain for Sri Lankan investors and areas of potential cooperation, particularly in foodstuffs, building materials, tourism, textiles, garment manufacturing and banking.
There are approximately 20 Sri Lankan companies operating in various fields, Dr. Fakhro has confirmed.
Noting the contributions of Sri Lankan community to Bahrain's socio-economic development, the Minister has commended the excellent Bahraini-Sri Lankan relations and welcomed foreign investors in a suitable investment environment.
The two countries have signed an Avoidance of Double Taxation Agreement, a Memorandum of Understanding on Economic, Trade and Technical Cooperation signed in 2009, an Agreement of Cooperation with the Federation of Chamber of Commerce and Industry of Sri Lanka (FCCISL), an Agreement for the Establishment of a Joint Business Council with the FCCISL, as well as a Cooperation Agreement between BCCI and Sri Lanka Chamber of Commerce, which was signed in 2007.
Deputy Minister of Labor and Labor Relations Sarath Weerasekara and Sri Lanka's Ambassador to Bahrain Mr. Anura Rajakaruna also participated in the event.
Photos by Sudath Silva
Sri Lanka and Bahrain Tuesday inaugurated the Bahrain-Sri Lanka Business Forum at the headquarters of the Bahrain Chamber of Commerce and Industry (BCCI) in Manama.
A large gathering of prominent business leaders from both Sri Lanka and Bahrain participated in the Forum that consisted of business-to-business meetings and a visit to the Bahrain International Investment Park.
Minister of External Affairs Prof. G.L. Peiris, Bahrain's Minister of Industry and Commerce Dr. Hassan A. Fakhro, Minister of Industry and Commerce Rishad Bathiyutheen and the Second Vice Chairman of Bahrain Chamber of Commerce and Industry Jawad Alhawaj delivered speeches at the forum.
Two discussion sessions were held during the Forum. While the first discussion has focused on the business opportunities available in Bahrain for the Sri Lankan business community, the second session discussed trade, tourism and investment in Sri Lanka, Bahrain News Agency said.
Chairman of Sri Lanka Export Development Council, Bandula Egodage, Director General of Sri Lanka Tourism, Dr. D. S. Jayaweera, and Director of Investment Board of Sri Lanka, K.D. Lawrence have made presentations at the session.
Addressing the gathering, Industry and Commerce Minister of Bahrain, Dr. Hassan Fakhro, recalled that agreements and memoranda of understanding have been signed between the two countries over the years.
The Bahraini Minister noted that the bilateral non-oil trade with Sri Lanka has increased from approximately US$9 million in 2006 to some US$30 million by 2011.
The Minister affirming that the visit of the Sri Lankan President to Bahrain is a great opportunity to invigorate mutual business relations highlighted the promising opportunities available in Bahrain for Sri Lankan investors and areas of potential cooperation, particularly in foodstuffs, building materials, tourism, textiles, garment manufacturing and banking.
There are approximately 20 Sri Lankan companies operating in various fields, Dr. Fakhro has confirmed.
Noting the contributions of Sri Lankan community to Bahrain's socio-economic development, the Minister has commended the excellent Bahraini-Sri Lankan relations and welcomed foreign investors in a suitable investment environment.
The two countries have signed an Avoidance of Double Taxation Agreement, a Memorandum of Understanding on Economic, Trade and Technical Cooperation signed in 2009, an Agreement of Cooperation with the Federation of Chamber of Commerce and Industry of Sri Lanka (FCCISL), an Agreement for the Establishment of a Joint Business Council with the FCCISL, as well as a Cooperation Agreement between BCCI and Sri Lanka Chamber of Commerce, which was signed in 2007.
Deputy Minister of Labor and Labor Relations Sarath Weerasekara and Sri Lanka's Ambassador to Bahrain Mr. Anura Rajakaruna also participated in the event.
Legitimacy 'ensuring Bahrain's success'
Gulf Daily News - 30/04/2014
Legitimacy is the single all-encompassing characteristic that makes Bahrain business-friendly, Industry and Commerce Minister Dr Hassan Fakhro said yesterday.
Speaking at the opening of the Bahrain-Sri Lanka Business Forum at Beit Al Tijjar, Dr Fakhro said legitimacy meant that Bahrain embraced the rule of law, and authorities strived to be the best at what they do, whether it be in terms of laws and regulations, domestic and international policies, or simply in the way that individuals were respected irrespective of ethnicity and the principles of a truly secular state were upheld.
"It is this legitimacy that has underpinned Bahrain's rise as an important financial centre, and helped in avoiding the contagion felt across the globe during the financial crisis," he said.
"It is this that will ensure our future growth and stability, and will continue to encourage international investors, including more we hope from Sri Lanka, to invest with us in a myriad of opportunities both in Bahrain and using the kingdom as a gateway to the Middle East and North African region."
The opening of the forum was also attended by Finance Minister and Minister in charge of Oil and Gas Affairs Shaikh Ahmed bin Mohammed Al Khalifa, Labour Minister Jameel Humaidan, Sri Lankan Ambassador Anura Rajakaruna, Bahrain Chamber of Commerce and Industry (BCCI) second deputy chairman Jawad Al Hawaj and a number of businessmen and businesswomen.
It was held within the framework of Sri Lankan President Mahinda Rajapaksa's state visit to the kingdom.
Dr Fakhro said a number of agreements and memoranda of understanding have been entered into between the two countries over the years, including a Double Taxation Avoidance Agreement; a memorandum of understanding on economic, trade and technical co-operation, signed in 2009; an agreement of co-operation with the Federation of Chamber of Commerce and Industry of Sri Lanka (FCCISL): an agreement with FCCISL for the establishment of a joint business council, as well as a co-operation agreement between BCCI and the Sri Lanka Chamber of Commerce, signed in 2007.
"Bilateral non-oil trade has increased from around $9 million in 2006 to $30m by 2011 and is a good indication that these agreements have been bearing fruit," he said.
"But I am certain that much more can be done to increase our mutual trade and investment, and this visit of President Rajapaksa provides us with a golden opportunity to launch a new effort to invigorate our relationship.
"There are many sectors and sub-sectors which may have promising opportunities for Sri Lankan investors, and areas of potential co-operation particularly in foodstuffs, building materials, tourism, textiles, garment manufacturing and banking," he added.
Sri Lanka's External Affairs Minister Prof G L Pieris and Industry and Commerce Minister Rishard Bathiudeen also addressed the forum as well as Mr Al Hawaj.
The forum also saw the signing of a memorandum of understanding between the BCCI and the Women's Chamber of Industry and Commerce (WCIC) of Sri Lanka. It was signed by Mr Al Hawaj and WCIC chairwoman Dr Sarosh Dubash.
Abdulla Yousef Fakhro and Sons Group chairman Dr Esam Fakhro, Industry and Commerce Ministry Under-Secretary Osama Alarrayedh, Central Bank of Bahrain executive director for banking operations Shaikh Salman bin Isa Al Khalifa, and GPIC president Dr Abdulrahman Jawahery took part in a discussion 'Opportunities for Sri Lankan business in Bahrain'.
The second discussion was about trade, tourism and investment in Sri Lanka with participation from Sri Lanka Export Development Council chairman Badula Egodage, Sri Lanka Tourism director-general Dr D S Jayaweera, and Sri Lanka Investment Board director K D Lawrence.
The double taxation between both countries has been eliminated, free trade agreements, almost similar tax regimes are pointers to excellent climate for growing bilateral trade," Shaikh Ahmed said.
"The private sector will now have to play its role - building the bridges and taking the relation forward," he added.
Sri Lanka seeks Bahraini investment in the hospitality sector, as the country needs to add 35,000 rooms by 2016, Mr Bathiudeen said. Bahrain's strength in the information technology and e-commerce could be used to benefit in Sri Lanka, he added.
Legitimacy is the single all-encompassing characteristic that makes Bahrain business-friendly, Industry and Commerce Minister Dr Hassan Fakhro said yesterday.
Speaking at the opening of the Bahrain-Sri Lanka Business Forum at Beit Al Tijjar, Dr Fakhro said legitimacy meant that Bahrain embraced the rule of law, and authorities strived to be the best at what they do, whether it be in terms of laws and regulations, domestic and international policies, or simply in the way that individuals were respected irrespective of ethnicity and the principles of a truly secular state were upheld.
"It is this legitimacy that has underpinned Bahrain's rise as an important financial centre, and helped in avoiding the contagion felt across the globe during the financial crisis," he said.
"It is this that will ensure our future growth and stability, and will continue to encourage international investors, including more we hope from Sri Lanka, to invest with us in a myriad of opportunities both in Bahrain and using the kingdom as a gateway to the Middle East and North African region."
The opening of the forum was also attended by Finance Minister and Minister in charge of Oil and Gas Affairs Shaikh Ahmed bin Mohammed Al Khalifa, Labour Minister Jameel Humaidan, Sri Lankan Ambassador Anura Rajakaruna, Bahrain Chamber of Commerce and Industry (BCCI) second deputy chairman Jawad Al Hawaj and a number of businessmen and businesswomen.
It was held within the framework of Sri Lankan President Mahinda Rajapaksa's state visit to the kingdom.
Dr Fakhro said a number of agreements and memoranda of understanding have been entered into between the two countries over the years, including a Double Taxation Avoidance Agreement; a memorandum of understanding on economic, trade and technical co-operation, signed in 2009; an agreement of co-operation with the Federation of Chamber of Commerce and Industry of Sri Lanka (FCCISL): an agreement with FCCISL for the establishment of a joint business council, as well as a co-operation agreement between BCCI and the Sri Lanka Chamber of Commerce, signed in 2007.
"Bilateral non-oil trade has increased from around $9 million in 2006 to $30m by 2011 and is a good indication that these agreements have been bearing fruit," he said.
"But I am certain that much more can be done to increase our mutual trade and investment, and this visit of President Rajapaksa provides us with a golden opportunity to launch a new effort to invigorate our relationship.
"There are many sectors and sub-sectors which may have promising opportunities for Sri Lankan investors, and areas of potential co-operation particularly in foodstuffs, building materials, tourism, textiles, garment manufacturing and banking," he added.
Sri Lanka's External Affairs Minister Prof G L Pieris and Industry and Commerce Minister Rishard Bathiudeen also addressed the forum as well as Mr Al Hawaj.
The forum also saw the signing of a memorandum of understanding between the BCCI and the Women's Chamber of Industry and Commerce (WCIC) of Sri Lanka. It was signed by Mr Al Hawaj and WCIC chairwoman Dr Sarosh Dubash.
Abdulla Yousef Fakhro and Sons Group chairman Dr Esam Fakhro, Industry and Commerce Ministry Under-Secretary Osama Alarrayedh, Central Bank of Bahrain executive director for banking operations Shaikh Salman bin Isa Al Khalifa, and GPIC president Dr Abdulrahman Jawahery took part in a discussion 'Opportunities for Sri Lankan business in Bahrain'.
The second discussion was about trade, tourism and investment in Sri Lanka with participation from Sri Lanka Export Development Council chairman Badula Egodage, Sri Lanka Tourism director-general Dr D S Jayaweera, and Sri Lanka Investment Board director K D Lawrence.
The double taxation between both countries has been eliminated, free trade agreements, almost similar tax regimes are pointers to excellent climate for growing bilateral trade," Shaikh Ahmed said.
"The private sector will now have to play its role - building the bridges and taking the relation forward," he added.
Sri Lanka seeks Bahraini investment in the hospitality sector, as the country needs to add 35,000 rooms by 2016, Mr Bathiudeen said. Bahrain's strength in the information technology and e-commerce could be used to benefit in Sri Lanka, he added.
Sunday, April 27, 2014
Sri Lanka’s Basilur Tea wins top North American food award
Daily FT - 28/04/2014
In the wake of record exports in 2013, Pure Ceylon Tea has reported yet another achievement, with Basilur Tea Canada, allied to its Lankan firm Basilur Tea, clinching the main award at North America’s top food and beverages trade show this year.
“Basilur’s herbal tea product ‘Fruit Infusions’ received the highest award – the 2014 Top-10 Product Award – at the SIAL Canada expo. This is considered by many food industry specialists as a very rare achievement since Basilur has reached the Top-10 twice within three years,” said Basilur Tea Canada Director Rohan Perera on Thursday.
Previously Basilur won the Top-10 Most Innovative Products of Canada Award in 2012 followed with a Selection Award reaching Top-50 in North America in 2013. The SIAL 2014 packed 767 exhibitors from 43 countries and more than 14,000 visitors.
The SIAL expo is one of the world’s largest network of food-industry shows, with a presence on four continents with 7,500 exhibitors. SIAL Canada is one of the two most important food industry shows in North America.
Ontario-based Basilur Tea Canada is well-known for promoting Pure Ceylon Tea in Canada through its innovative packaging methods and diversity of flavouring, aimed specifically at the Canadian palette.
The latest award was presented to Basilur Tea Canada in Montreal at a gala celebration in the presence of over 500 dignitaries including government ministers, heads of government departments, heads of multinational corporations and the media.
“We were featured in over 20 printed and electronic media channels, generating a lot of publicity. While these achievements have helped us to enter into many market segments in the mainstream, they have also helped other products in our portfolio to gain market access. Hence we are looking into identifying more innovative and competitive products to add to our portfolio. We conduct extensive market research, create professional marketing programs and work closely with manufacturers to develop products to meet the required standards both in quality, packaging and presentation,” Director Perera added.
In 2013, Sri Lanka tea exports recorded 319 mkg, reaching its highest-ever earning of $ 1.558 b. Russia, Iran, Turkey and Iraq were the leading Ceylon Tea buyers.
- Third SIAL Canada triumph for Basilur Tea
- Latest award is for herbal infusion to Ceylon Tea
- 2013 tea exports at $ 1.5 b
In the wake of record exports in 2013, Pure Ceylon Tea has reported yet another achievement, with Basilur Tea Canada, allied to its Lankan firm Basilur Tea, clinching the main award at North America’s top food and beverages trade show this year.
“Basilur’s herbal tea product ‘Fruit Infusions’ received the highest award – the 2014 Top-10 Product Award – at the SIAL Canada expo. This is considered by many food industry specialists as a very rare achievement since Basilur has reached the Top-10 twice within three years,” said Basilur Tea Canada Director Rohan Perera on Thursday.
Previously Basilur won the Top-10 Most Innovative Products of Canada Award in 2012 followed with a Selection Award reaching Top-50 in North America in 2013. The SIAL 2014 packed 767 exhibitors from 43 countries and more than 14,000 visitors.
The SIAL expo is one of the world’s largest network of food-industry shows, with a presence on four continents with 7,500 exhibitors. SIAL Canada is one of the two most important food industry shows in North America.
Ontario-based Basilur Tea Canada is well-known for promoting Pure Ceylon Tea in Canada through its innovative packaging methods and diversity of flavouring, aimed specifically at the Canadian palette.
The latest award was presented to Basilur Tea Canada in Montreal at a gala celebration in the presence of over 500 dignitaries including government ministers, heads of government departments, heads of multinational corporations and the media.
“We were featured in over 20 printed and electronic media channels, generating a lot of publicity. While these achievements have helped us to enter into many market segments in the mainstream, they have also helped other products in our portfolio to gain market access. Hence we are looking into identifying more innovative and competitive products to add to our portfolio. We conduct extensive market research, create professional marketing programs and work closely with manufacturers to develop products to meet the required standards both in quality, packaging and presentation,” Director Perera added.
In 2013, Sri Lanka tea exports recorded 319 mkg, reaching its highest-ever earning of $ 1.558 b. Russia, Iran, Turkey and Iraq were the leading Ceylon Tea buyers.
PUM Netherlands Senior Experts
The Sunday Leader - 27/04/2014
- The dutch contribution to social market economy in Sri Lanka
The PUM Netherlands Senior Experts (formerly known as NMCP) has completed over 400 projects assisting industries and service organizations in Sri Lanka. PUM commenced its activities in Sri Lanka in 1990. We are proud to be serving the local industry for over 24 years providing them with much needed new technology.
The entrepreneur/company receives the much needed modern technology and knowhow the PUM expert gained throughout his career during over 30 years of service at a senior level. Our experts are happy to share their knowledge and experience. They give practical advice on how local businesses can make their ideas work to realize their vision. Our target group is small and medium-scale enterprises (SME) with a work force of around 100 employees. SME’s generate employment opportunities contributing to the social market economy of a country and also provide support services to big industries. Therefore, SME’s are an invaluable asset to any country since they help larger enterprises to achieve their production and export targets. However, SME’s cannot afford to hire foreign experts. This is where PUM Senior Experts fills the gap. This enables SME’s to keep up with similar industries operating in other countries and contribute to the industrial development in the country they operate in.
PUM covers 75 sectors of industry and servicesand is active in 70 countries worldwide. These sectors include Agriculture, Arable farming, Horticulture, Dairy farming and processing of Dairy products, Fisheries, Bee Keeping, Metal, Rubber, Leather, Textile and Wood industry, Food and Beverage, Electronics and Chemical industry and also Information Technology, Health care, Transport& logistics, Tourism, hotels and catering, Publishing & Printing, Training & Education, Energy, Water & Environment. When the PUM expert finds that foreign exposure and links with Dutch industry would be beneficial to the local industry we organize training visits and business link visits to the Netherlands for one or two key persons from the local industry. Over 100 local entrepreneurs have visited the Netherlands during the past yearsunder this program.
A request made by a company serves as the basis for the placement of PUM experts. Working together with the PUM local representative in the country the company submits a request for assistance. At the PUM head office in The Hague, The Netherlands the country coordinator and sector coordinator matches an expert with the required background, knowledge and experience. Then the CV (curriculum vitae) of the proposed expert is sent to the company through the local representative. If the company agrees with it then we proceed with the international travel arrangements. All travel expenses are paid by PUM.
The requesting company’s obligation is to pick up the expert from the airport on his arrival and provide him with decent accommodation and food during his stay. They also have to provide him with local transport necessary for work and make sure that he is dropped at the airport for his return flight to the Netherlands. In many cases we have noticed that the expert ends up becoming a close friend of the entrepreneur. Generally the experts keep in touch with the company after their return to the Netherlands and continue their advice by e-mail. If required we offer follow up visits by experts to the same company.PUM works closely with the Netherlands Embassy, the Sri Lanka Export Development Board, Industrial Development Board and Chambers of Commerce in the country. The contact details of the local representatives in Sri Lanka are given in the advertisement published in this supplement. Please visit our website www.pum.nl/home-ENfor more information.
Monday, April 21, 2014
Design development programme for Handloom Industry
Daily News - 21/04/2014
By K.A. Aleem
The Sri Lanka Export Development Board is making arrangements to organize a Design Development Programme for the Handloom Industry of Sri Lanka, obtaining the service of an International Design Expert
The objective is to enhance the design capabilities of a selected group of handloom manufactures and for exporters to upgrade their design capabilities and develop their products targeting the International Market. The programme is scheduled to be held during June 30 to July 17, 2014 at the SLEDB Auditorium.
Jennifer Shellard, Visiting Lecture Department of Voven Textiles University of Creative Art London will be the resource person. The service of the International design expert will be obtained for Individual Consultation with each participating company to improve design capabilities and to provide technical advice on product adoption and conduct a one day workshop on design development international market trends and requirements.
By K.A. Aleem
The Sri Lanka Export Development Board is making arrangements to organize a Design Development Programme for the Handloom Industry of Sri Lanka, obtaining the service of an International Design Expert
The objective is to enhance the design capabilities of a selected group of handloom manufactures and for exporters to upgrade their design capabilities and develop their products targeting the International Market. The programme is scheduled to be held during June 30 to July 17, 2014 at the SLEDB Auditorium.
Jennifer Shellard, Visiting Lecture Department of Voven Textiles University of Creative Art London will be the resource person. The service of the International design expert will be obtained for Individual Consultation with each participating company to improve design capabilities and to provide technical advice on product adoption and conduct a one day workshop on design development international market trends and requirements.
Thursday, April 10, 2014
Sri Lanka to double income from ornamental fish exports by 2016
Colombo Page - 10/04/2014
Sri Lanka has earned over Rs 1.2 billion last year from exporting ornamental fish and measures will be taken to double this income by 2016, the Fisheries and Aquatic Resources Development Ministry says.
Sri Lanka's ornamental fish production had produced over 46,000 metric tons in 2009 and this amount has increased to nearly 70,000 metric tons last year, placing Sri Lanka in the third place in exporting ornamental fishes, according to the Ministry.
Sri Lanka earned an income of Rs. 750 million in 2005 from the ornamental fish industry and this income has increased to Rs. 1.212 billion last year.
The Ministry expects to earn Rs. 2 billion from the industry in the next two years.
Sri Lanka has earned over Rs 1.2 billion last year from exporting ornamental fish and measures will be taken to double this income by 2016, the Fisheries and Aquatic Resources Development Ministry says.
Sri Lanka's ornamental fish production had produced over 46,000 metric tons in 2009 and this amount has increased to nearly 70,000 metric tons last year, placing Sri Lanka in the third place in exporting ornamental fishes, according to the Ministry.
Sri Lanka earned an income of Rs. 750 million in 2005 from the ornamental fish industry and this income has increased to Rs. 1.212 billion last year.
The Ministry expects to earn Rs. 2 billion from the industry in the next two years.
Tuesday, April 8, 2014
Exporters praise cinnamon licensing, see good times ahead
EDB launches Lanka’s first official Ceylon Cinnamon exporters’ batch
Daily FT - 09/04/2014
Pix by Lasantha Kumara
Just a day after unveiling cinnamon logo licenses, Sri Lanka’s exporters heaped praise on the Government and the Export Development Board for the latest national initiative towards their sector on 8 April. “We are proud to have won this Pure Ceylon Cinnamon logo. To the global markets, this symbol shows where true cinnamon originates from. The EDB has really come out with it!” said an upbeat Priyadarshani Halpe, General Manager, G.P. de Silva & Sons International Ltd.
Halpe, one among many exporters who expressed similar sentiments, was speaking about the ‘Inaugural issuance of Pure Ceylon Cinnamon brand licenses to Lankan exporters’ event held at EDB Auditorium, Colombo on 7 April.
During the event, Sri Lanka’s first batch of exporters successfully gained their licences to officially flavour the world with Sri Lanka’s second global brand. It is another important industry support initiative in the tradition of Export Development Board for Lankan exporters. Nine Sri Lankan cinnamon export firms qualifying to export cinnamon using the ‘Pure Ceylon Cinnamon’ brand license with logo were awarded such license certificates by Minister of Industry and Commerce Rishad Bathiudeen at the event.
The qualifying exporters in this first batch being A Baur & Co Ltd., Casa Canela Ltd., Dtriangle Ltd., Food & Nature Ltd., G.P. De Silva & Sons International Ltd, Intercom Ltd., International Commodity Traders Ltd., Mohksha Ltd., and Rathna Producers Cinnamon Exports Ltd.
At the event, Minister Bathiudeen announced that the Government is aiming at $ 1 billion spice and cinnamon exports by 2020.
“Annually, Sri Lanka produces more than 15,000 metric tons of true cinnamon. We are pleased to note of the continuous increase in our cinnamon exports by 150 committed Lankan exporters. In 2013, our cinnamon exports stood at $ 132 million increasing from $ 130 million in 2012. The 2013 value is in fact a 78% increase from 2009 export value that stood $ 74 million. For the fifth year, Mexico became the topmost buyer of Ceylon Cinnamon, with $ 61 million of orders in 2013. The United States, Peru, and Colombia were the other top cinnamon buyers. I am pleased to note that among them, Peru’s Ceylon Cinnamon orders increased by a strong 32% in 2013. In the same year, cinnamon orders from Bolivia increased by 28%. Today, nine Sri Lankan cinnamon export firms are empowered by this initiative. Together, these nine firms claim more than 25% of our annual cinnamon export values. I am pleased to observe that to select these firms, the EDB has followed a stringent evaluation process,” Minister Bathiudeen said.
“We at G.P. De Silva applied for the licence to be used in our value added cinnamon exports. Increasingly, global markets are looking for such certifications. For example, we cannot send cinnamon to Germany without this, specially the cinnamon bails. The Pure Ceylon Cinnamon logo display is also very useful when it comes to selling cinnamon gift packs etc to tourists in Sri Lanka. To the international buyer, this Pure Ceylon Cinnamon logo display is what differentiates true cinnamon from cassia. Therefore it’s very important for the exporter,” added G.P. De Silva & Sons International Ltd. General Manager Halpe.
G.P. De Silva & Sons International Ltd. is the topmost cinnamon exporter of Sri Lanka, so far winning 11 national export awards and staking more than 25% of annual cinnamon exports from Sri Lanka.
Another winner, who wished to remain anonymous, said: “At last, we have what we need to show the global marketplace. This is good for our future exports.”
Daily FT - 09/04/2014
Pix by Lasantha Kumara
Just a day after unveiling cinnamon logo licenses, Sri Lanka’s exporters heaped praise on the Government and the Export Development Board for the latest national initiative towards their sector on 8 April. “We are proud to have won this Pure Ceylon Cinnamon logo. To the global markets, this symbol shows where true cinnamon originates from. The EDB has really come out with it!” said an upbeat Priyadarshani Halpe, General Manager, G.P. de Silva & Sons International Ltd.
Halpe, one among many exporters who expressed similar sentiments, was speaking about the ‘Inaugural issuance of Pure Ceylon Cinnamon brand licenses to Lankan exporters’ event held at EDB Auditorium, Colombo on 7 April.
During the event, Sri Lanka’s first batch of exporters successfully gained their licences to officially flavour the world with Sri Lanka’s second global brand. It is another important industry support initiative in the tradition of Export Development Board for Lankan exporters. Nine Sri Lankan cinnamon export firms qualifying to export cinnamon using the ‘Pure Ceylon Cinnamon’ brand license with logo were awarded such license certificates by Minister of Industry and Commerce Rishad Bathiudeen at the event.
The qualifying exporters in this first batch being A Baur & Co Ltd., Casa Canela Ltd., Dtriangle Ltd., Food & Nature Ltd., G.P. De Silva & Sons International Ltd, Intercom Ltd., International Commodity Traders Ltd., Mohksha Ltd., and Rathna Producers Cinnamon Exports Ltd.
At the event, Minister Bathiudeen announced that the Government is aiming at $ 1 billion spice and cinnamon exports by 2020.
“Annually, Sri Lanka produces more than 15,000 metric tons of true cinnamon. We are pleased to note of the continuous increase in our cinnamon exports by 150 committed Lankan exporters. In 2013, our cinnamon exports stood at $ 132 million increasing from $ 130 million in 2012. The 2013 value is in fact a 78% increase from 2009 export value that stood $ 74 million. For the fifth year, Mexico became the topmost buyer of Ceylon Cinnamon, with $ 61 million of orders in 2013. The United States, Peru, and Colombia were the other top cinnamon buyers. I am pleased to note that among them, Peru’s Ceylon Cinnamon orders increased by a strong 32% in 2013. In the same year, cinnamon orders from Bolivia increased by 28%. Today, nine Sri Lankan cinnamon export firms are empowered by this initiative. Together, these nine firms claim more than 25% of our annual cinnamon export values. I am pleased to observe that to select these firms, the EDB has followed a stringent evaluation process,” Minister Bathiudeen said.
“We at G.P. De Silva applied for the licence to be used in our value added cinnamon exports. Increasingly, global markets are looking for such certifications. For example, we cannot send cinnamon to Germany without this, specially the cinnamon bails. The Pure Ceylon Cinnamon logo display is also very useful when it comes to selling cinnamon gift packs etc to tourists in Sri Lanka. To the international buyer, this Pure Ceylon Cinnamon logo display is what differentiates true cinnamon from cassia. Therefore it’s very important for the exporter,” added G.P. De Silva & Sons International Ltd. General Manager Halpe.
G.P. De Silva & Sons International Ltd. is the topmost cinnamon exporter of Sri Lanka, so far winning 11 national export awards and staking more than 25% of annual cinnamon exports from Sri Lanka.
Another winner, who wished to remain anonymous, said: “At last, we have what we need to show the global marketplace. This is good for our future exports.”
With first official Ceylon Cinnamon batch active, Lanka positions for $ 1b spice exports
Daily Finance Times - 08/04/2014
As Sri Lanka’s first batch of exporters successfully captured their licences to officially flavour the world with Sri Lanka’s second global brand yesterday, the country recommitted to $ 1 billion in spice and cinnamon exports by 2020.
“Today, nine Sri Lankan cinnamon export firms are empowered by this initiative. Together, these nine firms claim more than 25% of our annual cinnamon export values. We are aiming at $ 1 billion in spice and cinnamon exports by 2020,” said Minister of Industry and Commerce Rishad Bathiudeen yesterday, addressing the ‘Inaugural issuance of Pure Ceylon Cinnamon brand licenses to Lankan exporters event’ at the EDB Auditorium.
In yet another important industry support initiative in the tradition of Export Development Board for Lankan exporters, for the first time, nine Sri Lankan cinnamon export firms qualifying to export cinnamon using ‘Pure Ceylon Cinnamon brand license’ were awarded license certificates by Bathiudeen at the event.
The qualifying exporters in the first batch were A Baur & Co Ltd., Casa Canela Ltd., Dtriangle Ltd, Food & Nature Ltd., G.P. De Silva & Sons International Ltd., Intercom Ltd., International Commodity Traders Ltd., Mohksha Ltd. and Rathna Producers Cinnamon Exports Ltd.
“Today, I congratulate the first batch of qualifying exporters,” said Bathiudeen. “This effort focuses on Sri Lanka’s second global brand, Pure Ceylon Cinnamon. Today’s initiative aims at developing this foreign exchange earner to become a strong contributor to our rising export earnings thanks to the committed vision of President Mahinda Rajapaksa. In fact, our export earnings in 2013 have increased by 6.3% year-on-year to a strong $ 10.3 billion, compared to $ 9.7 billion earned in 2012. We are also aiming at $ 1 billion spices and cinnamon exports by 2020. Annually, Sri Lanka produces more than 15,000 metric-tons of true cinnamon. We are pleased to note of the continuous increase in our cinnamon exports by 150 committed Lankan exporters.
“In 2013, our cinnamon exports stood at $ 132 million increasing from $ 130 million in 2012. The 2013 value is in fact a 78% increase from 2009 export value that stood $ 74 million. For the fifth year, Mexico became the topmost buyer of Ceylon Cinnamon, with $ 61 million of orders in 2013. United States, Peru, and Colombia were our other top cinnamon buyers. I am pleased to note that among them, Peru’s Ceylon Cinnamon orders increased by a strong 32% in 2013. In the same year, cinnamon orders from Bolivia increased by 28%. Today, nine Sri Lankan cinnamon export firms are empowered by this initiative. Together, these nine firms claim more than 25% of our annual cinnamon export values. I am pleased to observe that to select these firms the EDB has followed a stringent evaluation process. I am given to understand that the EDB has carefully proceeded through more than 25 steps to select today’s qualifying exporters. Today’s presentations from EDB will give you more info. These successful cinnamon exporters would find today’s licenses enabling them a comparative advantage in the demanding global marketplace. This licensing also highlights the main aspects of Ceylon Cinnamon and differentiates Cinnamon from the cheap substitute Cassia. We believe that this logo, which carries internationally accepted quality assurance, is the best marketing technique to promote cinnamon in our target global markets.”
“When it comes to maintaining high quality of our cinnamon, it is not negotiable,” said EDB Chairman and CEO Bandula Egodage, making a presentation on the cinnamon industry in Sri Lanka. “Cinnamon volumes contribute to 1.15% of our total exports. Sri Lanka exported $ 132 million of cinnamon in 2013 while the world demand stood at $ 301 million. This shows the demand levels for cinnamon. One of the main functions of Pure Ceylon Cinnamon logo is being the differentiation of it from the cheap substitute Cassia through our unique characteristics. The Cabinet has entrusted the EDB to hold ownership of ‘Ceylon Cinnamon,’ ‘Sri Lankan Cinnamon’ and ‘Sri Lankan Kurundu’. The EDB has established 20 GMP certified Cinnamon Processing Centres in Galle and Matara Districts as well as a Cinnamon Training Academy to assist the industry to overcome labour constraints.”
As Sri Lanka’s first batch of exporters successfully captured their licences to officially flavour the world with Sri Lanka’s second global brand yesterday, the country recommitted to $ 1 billion in spice and cinnamon exports by 2020.
“Today, nine Sri Lankan cinnamon export firms are empowered by this initiative. Together, these nine firms claim more than 25% of our annual cinnamon export values. We are aiming at $ 1 billion in spice and cinnamon exports by 2020,” said Minister of Industry and Commerce Rishad Bathiudeen yesterday, addressing the ‘Inaugural issuance of Pure Ceylon Cinnamon brand licenses to Lankan exporters event’ at the EDB Auditorium.
In yet another important industry support initiative in the tradition of Export Development Board for Lankan exporters, for the first time, nine Sri Lankan cinnamon export firms qualifying to export cinnamon using ‘Pure Ceylon Cinnamon brand license’ were awarded license certificates by Bathiudeen at the event.
The qualifying exporters in the first batch were A Baur & Co Ltd., Casa Canela Ltd., Dtriangle Ltd, Food & Nature Ltd., G.P. De Silva & Sons International Ltd., Intercom Ltd., International Commodity Traders Ltd., Mohksha Ltd. and Rathna Producers Cinnamon Exports Ltd.
“Today, I congratulate the first batch of qualifying exporters,” said Bathiudeen. “This effort focuses on Sri Lanka’s second global brand, Pure Ceylon Cinnamon. Today’s initiative aims at developing this foreign exchange earner to become a strong contributor to our rising export earnings thanks to the committed vision of President Mahinda Rajapaksa. In fact, our export earnings in 2013 have increased by 6.3% year-on-year to a strong $ 10.3 billion, compared to $ 9.7 billion earned in 2012. We are also aiming at $ 1 billion spices and cinnamon exports by 2020. Annually, Sri Lanka produces more than 15,000 metric-tons of true cinnamon. We are pleased to note of the continuous increase in our cinnamon exports by 150 committed Lankan exporters.
“In 2013, our cinnamon exports stood at $ 132 million increasing from $ 130 million in 2012. The 2013 value is in fact a 78% increase from 2009 export value that stood $ 74 million. For the fifth year, Mexico became the topmost buyer of Ceylon Cinnamon, with $ 61 million of orders in 2013. United States, Peru, and Colombia were our other top cinnamon buyers. I am pleased to note that among them, Peru’s Ceylon Cinnamon orders increased by a strong 32% in 2013. In the same year, cinnamon orders from Bolivia increased by 28%. Today, nine Sri Lankan cinnamon export firms are empowered by this initiative. Together, these nine firms claim more than 25% of our annual cinnamon export values. I am pleased to observe that to select these firms the EDB has followed a stringent evaluation process. I am given to understand that the EDB has carefully proceeded through more than 25 steps to select today’s qualifying exporters. Today’s presentations from EDB will give you more info. These successful cinnamon exporters would find today’s licenses enabling them a comparative advantage in the demanding global marketplace. This licensing also highlights the main aspects of Ceylon Cinnamon and differentiates Cinnamon from the cheap substitute Cassia. We believe that this logo, which carries internationally accepted quality assurance, is the best marketing technique to promote cinnamon in our target global markets.”
“When it comes to maintaining high quality of our cinnamon, it is not negotiable,” said EDB Chairman and CEO Bandula Egodage, making a presentation on the cinnamon industry in Sri Lanka. “Cinnamon volumes contribute to 1.15% of our total exports. Sri Lanka exported $ 132 million of cinnamon in 2013 while the world demand stood at $ 301 million. This shows the demand levels for cinnamon. One of the main functions of Pure Ceylon Cinnamon logo is being the differentiation of it from the cheap substitute Cassia through our unique characteristics. The Cabinet has entrusted the EDB to hold ownership of ‘Ceylon Cinnamon,’ ‘Sri Lankan Cinnamon’ and ‘Sri Lankan Kurundu’. The EDB has established 20 GMP certified Cinnamon Processing Centres in Galle and Matara Districts as well as a Cinnamon Training Academy to assist the industry to overcome labour constraints.”
Sunday, April 6, 2014
Bilateral trade with Germany hinges on three basics – quality, consistency and volumes
The Island - 05/04/2014
By Steve A. Morrell
German Ambassador Dr. Jurgen Morhard said that bilateral trade with Germany could be expanded. Although trade with Sri Lanka could be pursued to reach higher levels, it is imperative that exports should be of high quality.
Germany, he said was constantly looking for quality with their trade partners and goods and services that form bi-lateral trade segments would have to achieve such production levels.
He was addressing last week’s conference convened by the National Chamber of Commerce of Sri Lanka (NCCSL) to promote bi-lateral trade with Germany.
Chairman and Chief Executive, Export Development Board, Bandula Egodage said Germany was one of Sri Lanka’s main trade partners, but he conceded that the bilateral segment of such trade was currently that Germany was assisting Sri Lanka in training and improving technological support.
Bi lateral trade with Sri Lanka was not a recent phenomenon but an ongoing circumstance that did see improvement, he noted. "Value addition was also crucial for trade participation".
Ambassador Morhard urged that market trends prevailing in Germany be understood by Sri Lankan entrepreneurs; and that goods and services exported to German capitals should have the stamp of quality. He said quality and adherence to consistency was of crucial importance for prospective trade with Germany.
Germany was importing tea from Sri Lanka, but not in accordance with higher volumes. Additionally, health properties of drinking tea were now accented to improve consumption.
A journalist suggested that it was time the German people stopped drinking beer, and concentrated on tea. The room erupted with laughter.
Expansion of trade to include greater volumes of tea imports would meet with what the Ambassador said was important — notably volumes quality and consistency of supply.
On a remark that of all products exported in volume to other countries, Ceylon Tea already a worldwide brand of prestige was outstanding and would fit basic German demands, Dr. Morhard agreed that Ceylon Tea was consistently good, but the German habit of drinking coffee was quite strong.
He urged that the marketing aspect of the tea industry be intensified and then Germany would drink more tea.
Germany was more a coffee drinking country, and tea consumption was considered an old fashioned drink, particularly enjoyed by older people who have the time to imbibe in tea drinking.
He said expansion was envisaged, but promotion of Ceylon Tea was lagging behind. Although the UK was the main tea market, Germany also imported rubber based products and garments.
The garments trade had picked up because of improved production standards. This was confirmed by a German trader who was present. Siddalepha had also found markets in Germany and their sales had progressed. But, there was no confirmation that supplies had expanded.
The Ambassador also said that tourism was supported quite intensely and indicators were that further influx of visitors from Germany would be improved over the next few years.
By Steve A. Morrell
 |
| From left: Bandula Dissanayake, Secretary, NCCSL, Tilak Godamune, Senior Deputy President, NCCSL, Dr. Jurgen Morhard, Sujeewa Samaraweera, Deputy President NCCSL, Bandula Egodage, Chairman, Export Development Board and Gerhard Truemper, First Secretary, Embassy of Germany. (Pic by Saman Ranaweera) |
Germany, he said was constantly looking for quality with their trade partners and goods and services that form bi-lateral trade segments would have to achieve such production levels.
He was addressing last week’s conference convened by the National Chamber of Commerce of Sri Lanka (NCCSL) to promote bi-lateral trade with Germany.
Chairman and Chief Executive, Export Development Board, Bandula Egodage said Germany was one of Sri Lanka’s main trade partners, but he conceded that the bilateral segment of such trade was currently that Germany was assisting Sri Lanka in training and improving technological support.
Bi lateral trade with Sri Lanka was not a recent phenomenon but an ongoing circumstance that did see improvement, he noted. "Value addition was also crucial for trade participation".
Ambassador Morhard urged that market trends prevailing in Germany be understood by Sri Lankan entrepreneurs; and that goods and services exported to German capitals should have the stamp of quality. He said quality and adherence to consistency was of crucial importance for prospective trade with Germany.
Germany was importing tea from Sri Lanka, but not in accordance with higher volumes. Additionally, health properties of drinking tea were now accented to improve consumption.
A journalist suggested that it was time the German people stopped drinking beer, and concentrated on tea. The room erupted with laughter.
Expansion of trade to include greater volumes of tea imports would meet with what the Ambassador said was important — notably volumes quality and consistency of supply.
On a remark that of all products exported in volume to other countries, Ceylon Tea already a worldwide brand of prestige was outstanding and would fit basic German demands, Dr. Morhard agreed that Ceylon Tea was consistently good, but the German habit of drinking coffee was quite strong.
He urged that the marketing aspect of the tea industry be intensified and then Germany would drink more tea.
Germany was more a coffee drinking country, and tea consumption was considered an old fashioned drink, particularly enjoyed by older people who have the time to imbibe in tea drinking.
He said expansion was envisaged, but promotion of Ceylon Tea was lagging behind. Although the UK was the main tea market, Germany also imported rubber based products and garments.
The garments trade had picked up because of improved production standards. This was confirmed by a German trader who was present. Siddalepha had also found markets in Germany and their sales had progressed. But, there was no confirmation that supplies had expanded.
The Ambassador also said that tourism was supported quite intensely and indicators were that further influx of visitors from Germany would be improved over the next few years.
EDB initiates first Internet of Things session
Daily News - 04/04/2014
As the consumer end of digital convergence in the country continued to develop, Sri Lanka has officially begun assessing the promise of the "next big thing" in digital frontier-and Sri Lanka's first Advanced Electronics Design Centre is now on the cards. "This is the first ever initiative for Sri Lanka's ICT sector on the emerging "Internet of Things". There is no doubt that this advanced and novel concept will be useful for everyone" said Sujatha Weerakoone Director General-EDB recently. Weerakoone was addressing the first ever IoT session held in Sri Lanka, organized by the Sri Lanka Export Development Board (EDB) .
Global IoT market value and and stake is estimated to surpass $ $14 trillion (CISCO Corp estimates, 2013) in the next decade and Sri Lanka's ICT services, software exports and BPO/KPO sectors are well poised to cater to this highly promising sector, considered as the 'next big thing.'
Currently, two firms, WSO2 and Zone24X7, both headquartered in US but have operations in Sri Lanka, have become the prime movers of IoT related processing here. Zone24X7, a third party end to end design house, is California headquartered, and has advanced product engineering and R&D facilities in Sri Lanka.
As the consumer end of digital convergence in the country continued to develop, Sri Lanka has officially begun assessing the promise of the "next big thing" in digital frontier-and Sri Lanka's first Advanced Electronics Design Centre is now on the cards. "This is the first ever initiative for Sri Lanka's ICT sector on the emerging "Internet of Things". There is no doubt that this advanced and novel concept will be useful for everyone" said Sujatha Weerakoone Director General-EDB recently. Weerakoone was addressing the first ever IoT session held in Sri Lanka, organized by the Sri Lanka Export Development Board (EDB) .
Global IoT market value and and stake is estimated to surpass $ $14 trillion (CISCO Corp estimates, 2013) in the next decade and Sri Lanka's ICT services, software exports and BPO/KPO sectors are well poised to cater to this highly promising sector, considered as the 'next big thing.'
Currently, two firms, WSO2 and Zone24X7, both headquartered in US but have operations in Sri Lanka, have become the prime movers of IoT related processing here. Zone24X7, a third party end to end design house, is California headquartered, and has advanced product engineering and R&D facilities in Sri Lanka.
Kithulaka Waruna exhibition and trade fair
Daily FT - 05/04/2014
– Pix by Kithsiri de Mel
‘Kithulaka Waruna’ an exhibition and trade fair got off the ground yesterday at Sudharshi Hall Colombo 7. The exhibition showcases a range of Kithul products from the 18 districts where Kithul is cultivated. The fair is organised by the Ministry of Traditional Industries and Small Enterprise Development, IDB, ITI, NERD, SMS, Forest Department, Export Agriculture Board and PDB. The exhibition will go on till 6 April
– Pix by Kithsiri de Mel
‘Kithulaka Waruna’ an exhibition and trade fair got off the ground yesterday at Sudharshi Hall Colombo 7. The exhibition showcases a range of Kithul products from the 18 districts where Kithul is cultivated. The fair is organised by the Ministry of Traditional Industries and Small Enterprise Development, IDB, ITI, NERD, SMS, Forest Department, Export Agriculture Board and PDB. The exhibition will go on till 6 April
Thursday, April 3, 2014
Pure Ceylon cinnamon logo awards on Monday
Daily News - 04/014/2014
The issuing license for eligible exporters to use the Pure Ceylon cinnamon logo on cinnamon packs will be held at Sri Lanka Export Development Board (SLEDB) auditorium next Monday. The SLEDB recently requested pure Ceylon cinnamon manufacturing companies.
in Sri Lanka that wish to use pure Ceylon Cinnamon Lion Logo on cinnamon packs to forward completed applications in respect of each product design to the Sri Lanka Export Development Board. Applications were called from companies eager to use Pure Ceylon Cinnamon Lion Logo on the cinnamon packs. The companies who are eager to use the pure Ceylon cinnamon lion logo on cinnamon packs will have to obtain prior approval from the Export Development Board.
Approval of the Cabinet has been granted for the Sri Lankan Export Development Board to hold the ownership and custodianship of the name ' Ceylon Cinnamon' on behalf of the people of Sri Lanka.
The issuing license for eligible exporters to use the Pure Ceylon cinnamon logo on cinnamon packs will be held at Sri Lanka Export Development Board (SLEDB) auditorium next Monday. The SLEDB recently requested pure Ceylon cinnamon manufacturing companies.
in Sri Lanka that wish to use pure Ceylon Cinnamon Lion Logo on cinnamon packs to forward completed applications in respect of each product design to the Sri Lanka Export Development Board. Applications were called from companies eager to use Pure Ceylon Cinnamon Lion Logo on the cinnamon packs. The companies who are eager to use the pure Ceylon cinnamon lion logo on cinnamon packs will have to obtain prior approval from the Export Development Board.
Approval of the Cabinet has been granted for the Sri Lankan Export Development Board to hold the ownership and custodianship of the name ' Ceylon Cinnamon' on behalf of the people of Sri Lanka.
Apex body for Sri Lankan food processing sector mooted
Daily Finance Times - 03/04/2014
A Sri Lankan delegation comprising officials from the Government, academia and private sector gained valuable insights in food processing, standards, food safety, product diversification and export potentials during the recently-concluded study visit to Thailand.
The delegation discussed extensively on the lesions that could be learned and possible way forward for the Sri Lankan food processing industry, the role of different stakeholders of the SME in food and beverage sector of Thailand and studied the current status and success factors of Thailand’s fruit and vegetables industry and export market.
The study tour facilitated by GIZ-SME Development Program provided an opportunity to the participants to visit some of the leading food processing facilities in Thailand, including testing laboratories and organic food processors’ and exporters.
The delegation also met representatives from National Innovation Agency, National Bureau of Agricultural Commodity and Food Standards to discuss on possible adaptation methodologies and new international standards that contributed towards opening of new doors for businesses in the food processing in Thailand and subsequent growth.
One of the participants, Mala Tennakoon, Senior Deputy Director of Sri Lanka Standards Institution (SLSI), sharing some of the key points of learnt during the study visit, said that the Thai Government and all other private sector stakeholders are working towards a common goal of making Thailand the ‘Kitchen of the World,’ which is a concept introduced by the Thai Government.
Thailand has established a National Food Committee under the Thailand National Food Committee Act of 2008.This Committee acts as an apex body which coordinates the activities of 11 Ministries and 30 other National Agencies involved in Food control management activities.
In order to strengthen the food control system implemented, it mainly focuses on four strategic areas namely food safety, food security, food quality and food education. She stressed on the fact that similar structure would be implemented in Sri Lanka as well to facilitate good coordination among the different organisations involved in food control monitoring activities.
From a standards perspective, she also mentioned that certifications like THAI GAP (Good Agricultural Practices) can be initiated by SLSI, as this will help immensely to increase the agricultural exports.
Tennakoon also observed that the research activities within the Thailand food sector is commercially driven with the objective of providing better solutions to food sector businesses and initiatives have been taken to commercialise research findings, with the help of National Innovation Agency.
Dr. Ilmi Hewajulige, Director of the Industrial Technology Institute (ITI) – Food Technology Section said that the ITI equivalent in Thailand, Thailand Institute of Scientific and Technological Research (TISTR) plays a significant role in conducting research and development, transfer technology; as well as to design food production process, process prototype, and equipment prototype which are used for processing agricultural products into health food, export food and supplementary food.
“In order to facilitate innovation, technical support is provided during initial stage of project development after case-by-case evaluation and 75% of total expenses up to Rs. 20 million for maximum three years as project financing,” said Dr. Ilmi.
Representing the private sector, Secretary of the Sri Lanka Food Processors Association (SLFPA) Mervin Gonawela said this study visit provided a valuable opportunity to benchmark a world class parallel association in Thailand, National Food Institute. As an institution working closely with the food processors in Sri Lanka, SLFPA believes it can draw valuable experiences through future collaborations to facilitate the development of the food sector through empowerment and knowledge transfer and by doing so upgrade its capacity to match to standards set by NFI.
The Sri Lankan delegation comprised participants from Industrial Technology Institute (ITI), Sri Lanka Standards Institution (SLSI) , Sri Lanka Export Development Board (EDB), Ministry of Traditional Industries and Small Enterprise Development, Ministry of Finance and Planning, Batticaloa District Chamber of Commerce, Industry and Agriculture, Department of Rural Industries, Eastern Province, Sri Lanka Food Processors Association (SLFPA), Uwa Wellassa University of Sri Lanka, Eastern University of Sri Lanka, University of Jaffna and sister project of SME Development, the Vocational Training – North.
The Sri Lanka Food Processors Association recently signed an agreement with GIZ-SME Development, to facilitate training and capacity building of the SME in the food processing industry in Sri Lanka. This joint program will introduce innovative approaches and good manufacturing practices to enhance the quality and safety of food processing sector as a whole. Development and translation of the training material, with international good practices and training of the local trainer pool is within this framework. Through the above capacity building initiatives, the SME engaged in the food processing sector and their employees will have access to well developed, internationally recognised certificate courses in the areas of thermal processing, food safety standards (HACCP), hygiene (sanitation and GMPs), cool chain management and operations, post-harvest activities, proper packaging techniques, risk management in production, and finance related topics.
Through the Sri Lankan-German SME Development Program, implemented in cooperation with the Ministry of Finance and Planning, GIZ aims to support a cohesive policy framework that enables SME to grow in an inclusive and eco-friendly manner, enhance competitiveness of SME due to technology transfer and innovation, improve access to finance for SME, and enable SME to take advantage of green technologies and maintain nature’s capital for sustainable growth.
A Sri Lankan delegation comprising officials from the Government, academia and private sector gained valuable insights in food processing, standards, food safety, product diversification and export potentials during the recently-concluded study visit to Thailand.
The delegation discussed extensively on the lesions that could be learned and possible way forward for the Sri Lankan food processing industry, the role of different stakeholders of the SME in food and beverage sector of Thailand and studied the current status and success factors of Thailand’s fruit and vegetables industry and export market.
The study tour facilitated by GIZ-SME Development Program provided an opportunity to the participants to visit some of the leading food processing facilities in Thailand, including testing laboratories and organic food processors’ and exporters.
The delegation also met representatives from National Innovation Agency, National Bureau of Agricultural Commodity and Food Standards to discuss on possible adaptation methodologies and new international standards that contributed towards opening of new doors for businesses in the food processing in Thailand and subsequent growth.
One of the participants, Mala Tennakoon, Senior Deputy Director of Sri Lanka Standards Institution (SLSI), sharing some of the key points of learnt during the study visit, said that the Thai Government and all other private sector stakeholders are working towards a common goal of making Thailand the ‘Kitchen of the World,’ which is a concept introduced by the Thai Government.
Thailand has established a National Food Committee under the Thailand National Food Committee Act of 2008.This Committee acts as an apex body which coordinates the activities of 11 Ministries and 30 other National Agencies involved in Food control management activities.
In order to strengthen the food control system implemented, it mainly focuses on four strategic areas namely food safety, food security, food quality and food education. She stressed on the fact that similar structure would be implemented in Sri Lanka as well to facilitate good coordination among the different organisations involved in food control monitoring activities.
From a standards perspective, she also mentioned that certifications like THAI GAP (Good Agricultural Practices) can be initiated by SLSI, as this will help immensely to increase the agricultural exports.
Tennakoon also observed that the research activities within the Thailand food sector is commercially driven with the objective of providing better solutions to food sector businesses and initiatives have been taken to commercialise research findings, with the help of National Innovation Agency.
Dr. Ilmi Hewajulige, Director of the Industrial Technology Institute (ITI) – Food Technology Section said that the ITI equivalent in Thailand, Thailand Institute of Scientific and Technological Research (TISTR) plays a significant role in conducting research and development, transfer technology; as well as to design food production process, process prototype, and equipment prototype which are used for processing agricultural products into health food, export food and supplementary food.
“In order to facilitate innovation, technical support is provided during initial stage of project development after case-by-case evaluation and 75% of total expenses up to Rs. 20 million for maximum three years as project financing,” said Dr. Ilmi.
Representing the private sector, Secretary of the Sri Lanka Food Processors Association (SLFPA) Mervin Gonawela said this study visit provided a valuable opportunity to benchmark a world class parallel association in Thailand, National Food Institute. As an institution working closely with the food processors in Sri Lanka, SLFPA believes it can draw valuable experiences through future collaborations to facilitate the development of the food sector through empowerment and knowledge transfer and by doing so upgrade its capacity to match to standards set by NFI.
The Sri Lankan delegation comprised participants from Industrial Technology Institute (ITI), Sri Lanka Standards Institution (SLSI) , Sri Lanka Export Development Board (EDB), Ministry of Traditional Industries and Small Enterprise Development, Ministry of Finance and Planning, Batticaloa District Chamber of Commerce, Industry and Agriculture, Department of Rural Industries, Eastern Province, Sri Lanka Food Processors Association (SLFPA), Uwa Wellassa University of Sri Lanka, Eastern University of Sri Lanka, University of Jaffna and sister project of SME Development, the Vocational Training – North.
The Sri Lanka Food Processors Association recently signed an agreement with GIZ-SME Development, to facilitate training and capacity building of the SME in the food processing industry in Sri Lanka. This joint program will introduce innovative approaches and good manufacturing practices to enhance the quality and safety of food processing sector as a whole. Development and translation of the training material, with international good practices and training of the local trainer pool is within this framework. Through the above capacity building initiatives, the SME engaged in the food processing sector and their employees will have access to well developed, internationally recognised certificate courses in the areas of thermal processing, food safety standards (HACCP), hygiene (sanitation and GMPs), cool chain management and operations, post-harvest activities, proper packaging techniques, risk management in production, and finance related topics.
Through the Sri Lankan-German SME Development Program, implemented in cooperation with the Ministry of Finance and Planning, GIZ aims to support a cohesive policy framework that enables SME to grow in an inclusive and eco-friendly manner, enhance competitiveness of SME due to technology transfer and innovation, improve access to finance for SME, and enable SME to take advantage of green technologies and maintain nature’s capital for sustainable growth.
Pure Ceylon cinnamon logo awards on Monday
Daily News - 03/04/2014
By Indunil Hewage
The issuing of license for eligible exporters to use the Pure Ceylon cinnamon logo on cinnamon packs will be held at Sri Lanka Export Development Board (SLEDB) auditorium on 07th Monday.
The SLEDB recently requested pure Ceylon cinnamon manufacturing companies in Sri Lanka that wish to use pure Ceylon Cinnamon Lion Logo on cinnamon packs to forward completed applications in respect of each product design to the Sri Lanka Export Development Board.
Applications were called from companies eager to use Pure Ceylon Cinnamon Lion Logo on the cinnamon packs. The companies who are eager to use the pure Ceylon cinnamon lion logo on cinnamon packs will have to obtain prior approval from the Export Development Board.
Approval of the Cabinet has been granted for the Sri Lankan Export Development Board to hold the ownership and custodianship of the name ‘ Ceylon Cinnamon’ on behalf of the people of Sri Lanka. The SLEDB is in the process of promoting Ceylon Cinnamon as an international brand in the global market.
The pure cinnamon logo can be used only on Ceylon Cinnamon packs containing 100% pure Ceylon cinnamon manufactured in Sri Lanka. This will be made on the recommendation of relevant government institutions based on the test reports and field observations. SLEDB initiated this process to streamline use of Lion Logo in cinnamon packs.
Sri Lanka is the world’s largest producer and exporter of Cinnamon accounting for 85% of world market share.
By Indunil Hewage
The issuing of license for eligible exporters to use the Pure Ceylon cinnamon logo on cinnamon packs will be held at Sri Lanka Export Development Board (SLEDB) auditorium on 07th Monday.
The SLEDB recently requested pure Ceylon cinnamon manufacturing companies in Sri Lanka that wish to use pure Ceylon Cinnamon Lion Logo on cinnamon packs to forward completed applications in respect of each product design to the Sri Lanka Export Development Board.
Applications were called from companies eager to use Pure Ceylon Cinnamon Lion Logo on the cinnamon packs. The companies who are eager to use the pure Ceylon cinnamon lion logo on cinnamon packs will have to obtain prior approval from the Export Development Board.
Approval of the Cabinet has been granted for the Sri Lankan Export Development Board to hold the ownership and custodianship of the name ‘ Ceylon Cinnamon’ on behalf of the people of Sri Lanka. The SLEDB is in the process of promoting Ceylon Cinnamon as an international brand in the global market.
The pure cinnamon logo can be used only on Ceylon Cinnamon packs containing 100% pure Ceylon cinnamon manufactured in Sri Lanka. This will be made on the recommendation of relevant government institutions based on the test reports and field observations. SLEDB initiated this process to streamline use of Lion Logo in cinnamon packs.
Sri Lanka is the world’s largest producer and exporter of Cinnamon accounting for 85% of world market share.
AWARENESS SEMINAR/WORKSHOP ON FRUITS & VEGETABLES FOR THE EXPORT MARKET-NCP
The North Western Provincial office of the Sri Lanka Export Development Board, successfully conducted the awareness seminar/workshop on fruits & vegetables for the export market on 24th March 2014 in Anuradhapura with the participation of 115 fruits & vegetable farmers in North Central Province. The programme was organized by NWP-EDB with the assistance of Department of Agriculture, National Plant Quarantine Service and Lanka Fruits & Vegetable Producers, Processors & Exporters Association.
The main objective of conducting this seminar was to increase the capacity of Fruits & Vegetable farmers in the North Central Province by way of enhancing Technical/Market awareness and facilitating linkages between farmers and exporters in order to develop consolidated supply base of quality fruits & vegetables for exports from Regions.
At this seminar, an Assistant Director of Department of Agriculture took part as a resource person & delivered a presentation on Cultivation of quality fruits & vegetables for the export market & Pre/Post harvests technology. Also an Agriculture Officer of Plant Quarantine Unit/ Colombo-Port made aware participants concerning the involvement of Plant Quarantine Service in Exporting fruits & vegetables.
Moreover, Mr. Channa Madawela from Nidro Supply (PVT) Ltd., a leading Fruits & Vegetable exporter in Sri Lanka representing the Lanka Fruits & Vegetable Producers, Processors & Exporters Association addressed the gathering to make farmers aware on Regular problems face by exporters when supplying Fruits & Vegetables for the export market. He also emphasized about the significance of quality requirements of supplying fruits & vegetables for the export market. The association expressed that there is a massive demand for quality Passion Fruits from Sri Lanka in the international market & encouraged farmers by giving the assurance of market availability.
Therefore, this event offered certainly an excellent opportunity for framers in North Central Province as well as to achieve EDB’s objective of conducting the seminar. The NWP-EDB is intending to facilitate to establish linkages between framers & exporters & provide necessary trainings with the assistance of Lanka Fruits & Vegetable Producers, Processors & Exporters Association to develop consolidated supply base of quality fruits & vegetables for the export market from Regions as an upcoming activity of this programme.
Wednesday, April 2, 2014
Indian CEO Forum fosters economic ties and showcases investment opportunities in Sri Lanka
Daily Finance Times - 02/04/2014
The Indian CEO Forum (ICF) held its AGM on Friday, 21 March, at the Taj Samudra Hotel, Colombo. Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal was the Chief Guest while High Commissioner of India Y. K. Sinha was the Guest of Honour.
A large number of invitees including Ministry of Industry and Commerce Secretary Anura Siriwardena, NDB Chairman Sunil G. Wijesinha, Commercial Bank Chairman Dinesh Weerakody, People’s Leasing CEO D.P. Kumarage, Sri Lanka Export Development Board Chairman Bandula Egodage and CEOs of multinational companies were also present at the event.
ICF, launched in July 2013 by Minister of Economic Development Basil Rajapaksa, was formed in recognition of the significant growth of Indian private sector investments in Sri Lanka. ICF is a registered body and its membership is constituted by Indian investments in Sri Lanka, Indian heads of MNCs and Sri Lankan companies.
The objectives of the Indian CEO Forum is to promote and contribute to the economic growth of Sri Lanka through Indian investment, safeguard and strengthen existing economic cooperation, foster new economic ties between India and Sri Lanka, provide an open forum for the business leaders of Indian origin employed with Indian multinationals and Sri Lankan business/commercial organisations in Sri Lanka. ICF endeavours to showcase investment opportunities in Sri Lanka to potential new investors from India.
ICF President Sanjay Tiwari outlined the following focus areas for the next financial year in his communication:
During the AGM, the existing Board of ICF consisting of Sanjay Tiwari, Executive Director and CEO – Piramal Glass Ceylon Plc; Kiran Redkar, CEO – Ultra Tech Cement; Umesh Gautam, CEO – Lanka Ashok Leyland; Subodh Dakwale, Managing Director – Lanka IOC; Kishore Reddy, CEO – Platinum Realty Investments; T.S. Prakash, CEO – Revlon Lanka; and Biju Jacob, Country Head – ICICI Bank, Sri Lanka were re-elected for the year 2014-15.
“Actively partner with us to further strengthen the economic relations of the two countries by encouraging more Indian companies to invest in various sectors in Sri Lanka and likewise guide Sri Lankan entrepreneurs willing to do business in India or invest in India. The two countries will benefit by enhancing the existing synergies. Many of the Indian CEOs have adopted Sri Lanka as their second home. Together with their economic and commercial operations, they are also at the front in promoting people-to-people contact.
“The Indian CEO Forum would serve as a symbiotic link that binds our two countries and will further enhance our economic engagement in terms of mutually beneficial trade and investment, thereby creating a win-win situation for both countries. India and Sri Lanka enjoy a vibrant and growing economic and commercial partnership, with both trade and investment expanding greatly in recent years. The cornerstone of this relationship has been the India Sri Lanka Free Trade Agreement which was signed in 1998 and was implemented with effect from 1 March 2000. The FTA has led to the emergence of a genuinely vibrant economic relationship and made for a quantum jump in trade, investment and economic cooperation between India and Sri Lanka.
“After the coming into effect of the FTA, Sri Lankan exports to India have seen a more than 10-fold increase from US$ 49 million in 1999 to US$ 543 million in 2013. Looking at imports from India, they have increased from US$ 512 million in 1999 to US$ 3186 million in 2013. The FTA has thus proved to be a real engine of growth for bilateral commercial interaction. According to Sri Lankan Customs data, the bilateral trade amounted to US$ 3.73 billion in 2013.
“On the investment front, top Indian companies have displayed great interest in Sri Lanka, investing in the country across sectors such as infrastructure, manufacturing, services, and construction. The cumulative FDI approvals for Indian investments stand about US$ 1 billion since 2003. Nearly US$ 2 billion worth of FDI has been committed by Indian companies for the next five years or so. Sri Lankan companies too are finding opportunities in the large Indian markets, leveraging FTA provisions.
“The bilateral economic cooperation has diversified across multiple areas of engagement, including trade in goods and services, tourism, infrastructure, education, science and technology, and agriculture. Air connectivity has gone up and almost one-fifth of tourist arrivals in Sri Lanka are from India. The Colombo Port is a major trans-shipment hub for cargo originating in, or destined for, India. It has been estimated that nearly 70% of Colombo Port’s transhipment business is from India.
“The way forward for this dynamic economic relationship was charted during the visit of Anand Sharma, Minister of Commerce, Industry and Textiles, Government of India, to Sri Lanka in August 2012, when both sides decided to take several key steps to further deepen trade and investment relations. Proposal focusing on increasing Sri Lanka’s export capacity with promotion of manufacturing of products like automobile parts, engineering products and pharmaceuticals with Indian investment and forging linkages across the production and supply chains of the two countries were put forward. We have also set for ourselves an ambitious target of doubling bilateral trade to reach US$ 10 billion in next three years.”
Cabraal commends Sri Lanka’s “excellent” Sri Lanka-India relationship
Governor Cabraal at the outset indicated his “pleasant surprise that as many as 49 Indian business heads were part of the ICF and contributing to the growth of the Sri Lankan economy”.
Sharing his vision for the next three years he said: The vision for the Sri Lankan economy envisages a growth of about 8% per annum on a sustainable basis, and a per capita income of over US$ 4,000 before 2016… through stable and good governance, controlling inflation and investing in ‘stars of the future’.”
“Sri Lanka introduced the new ‘stars’ while the existing ‘cash cows’ were yet performing and delivering. Just like the apparel sector has grown in 30 years from about US$ 20 million industry to a US$ 4 billion industry, the new ‘stars’ have the potential to grow as much, or substantially more, over the next few years. The values of maritime and aviation activities are growing substantially. Tourism: From US$ 400 million in 2005 to US$ 1.6 billion in 2013; expected to grow to US$ 3.1 billion by 2016. IT/KPO/BPO: from US$ 83 million in 2005 to US$ 600 million in 2013; expected to grow to US$ 2,000 million by 2020. Transportation services (maritime and aviation included): from US$70 million in 2005 to US$ 1,900 million in 2013; expected to grow to US$ 6,000 million by 2020.”
Cabraal stated that it is a matter of satisfaction that the past four years have been among the only five years of high growth + low inflation years in the post-1977 period. He listed out the challenges that Sri Lanka will have to deal with as it goes forward:
“To realise this vision on a sustained basis, India as one of Sri Lanka’s key overseas partners, can do much… Sri Lanka’s relationship with India and Indian business has been an excellent one. Total trade between Sri Lanka and India amounted to US$ 3.73 million in 2013 compared to US$ 673 million in 2001, which was the first full year the India-Sri Lanka FTA came into force. Sri Lanka’s exports to India which were at US$ 72 million in 2001 have increased to US$ 543 million in 2013. The ISFTA was signed on 28 December 1998. It was enforced with effect from 1 March 2000 and this has benefited businesses from both countries, as elaborated by the High Commissioner.”
“The Sri Lankan people have greatest respect and love for India and its people,” said Cabraal, quipping that the only time that Sri Lanka does not wish India all the best is when Sri Lanka plays cricket against India!
The Governor added: “Business entities and personalities can be very helpful in improving and helping to develop relationships as well. Politicians usually follow business interests. Business and politics are closely-linked. Economic activity cannot flourish if a country is politically unstable.”
He opined that the ICF could be an important bridge to improve India-Sri Lanka relationships further and Sri Lanka has been generous with its economy for entry by Indian companies. Elaborating on what role the ICF could play in helping achieve his vision, he said: “There are two basic ways whereby Indian businesses could contribute towards realising the Sri Lankan economic vision. One, by participating actively in numerous business opportunities. Two, by contributing to the strengthening of the political relationship between the two countries, by proactively engaging the Indian political leadership to view Sri Lanka as a friend and ally.”
The Indian CEO Forum (ICF) held its AGM on Friday, 21 March, at the Taj Samudra Hotel, Colombo. Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal was the Chief Guest while High Commissioner of India Y. K. Sinha was the Guest of Honour.
A large number of invitees including Ministry of Industry and Commerce Secretary Anura Siriwardena, NDB Chairman Sunil G. Wijesinha, Commercial Bank Chairman Dinesh Weerakody, People’s Leasing CEO D.P. Kumarage, Sri Lanka Export Development Board Chairman Bandula Egodage and CEOs of multinational companies were also present at the event.
ICF, launched in July 2013 by Minister of Economic Development Basil Rajapaksa, was formed in recognition of the significant growth of Indian private sector investments in Sri Lanka. ICF is a registered body and its membership is constituted by Indian investments in Sri Lanka, Indian heads of MNCs and Sri Lankan companies.
The objectives of the Indian CEO Forum is to promote and contribute to the economic growth of Sri Lanka through Indian investment, safeguard and strengthen existing economic cooperation, foster new economic ties between India and Sri Lanka, provide an open forum for the business leaders of Indian origin employed with Indian multinationals and Sri Lankan business/commercial organisations in Sri Lanka. ICF endeavours to showcase investment opportunities in Sri Lanka to potential new investors from India.
ICF President Sanjay Tiwari outlined the following focus areas for the next financial year in his communication:
- Facilitating Government efforts in providing safe drinking water in areas affected by CKD
- Facilitating greater number of tourist arrival from India
- Diabetes care
- Generation of employment – by organising a job fair
During the AGM, the existing Board of ICF consisting of Sanjay Tiwari, Executive Director and CEO – Piramal Glass Ceylon Plc; Kiran Redkar, CEO – Ultra Tech Cement; Umesh Gautam, CEO – Lanka Ashok Leyland; Subodh Dakwale, Managing Director – Lanka IOC; Kishore Reddy, CEO – Platinum Realty Investments; T.S. Prakash, CEO – Revlon Lanka; and Biju Jacob, Country Head – ICICI Bank, Sri Lanka were re-elected for the year 2014-15.
Massive progress in trade and cultural relations
Sinha in his remarks outlined the massive progress made in trade and cultural relations:“Actively partner with us to further strengthen the economic relations of the two countries by encouraging more Indian companies to invest in various sectors in Sri Lanka and likewise guide Sri Lankan entrepreneurs willing to do business in India or invest in India. The two countries will benefit by enhancing the existing synergies. Many of the Indian CEOs have adopted Sri Lanka as their second home. Together with their economic and commercial operations, they are also at the front in promoting people-to-people contact.
“The Indian CEO Forum would serve as a symbiotic link that binds our two countries and will further enhance our economic engagement in terms of mutually beneficial trade and investment, thereby creating a win-win situation for both countries. India and Sri Lanka enjoy a vibrant and growing economic and commercial partnership, with both trade and investment expanding greatly in recent years. The cornerstone of this relationship has been the India Sri Lanka Free Trade Agreement which was signed in 1998 and was implemented with effect from 1 March 2000. The FTA has led to the emergence of a genuinely vibrant economic relationship and made for a quantum jump in trade, investment and economic cooperation between India and Sri Lanka.
“After the coming into effect of the FTA, Sri Lankan exports to India have seen a more than 10-fold increase from US$ 49 million in 1999 to US$ 543 million in 2013. Looking at imports from India, they have increased from US$ 512 million in 1999 to US$ 3186 million in 2013. The FTA has thus proved to be a real engine of growth for bilateral commercial interaction. According to Sri Lankan Customs data, the bilateral trade amounted to US$ 3.73 billion in 2013.
“On the investment front, top Indian companies have displayed great interest in Sri Lanka, investing in the country across sectors such as infrastructure, manufacturing, services, and construction. The cumulative FDI approvals for Indian investments stand about US$ 1 billion since 2003. Nearly US$ 2 billion worth of FDI has been committed by Indian companies for the next five years or so. Sri Lankan companies too are finding opportunities in the large Indian markets, leveraging FTA provisions.
“The bilateral economic cooperation has diversified across multiple areas of engagement, including trade in goods and services, tourism, infrastructure, education, science and technology, and agriculture. Air connectivity has gone up and almost one-fifth of tourist arrivals in Sri Lanka are from India. The Colombo Port is a major trans-shipment hub for cargo originating in, or destined for, India. It has been estimated that nearly 70% of Colombo Port’s transhipment business is from India.
“The way forward for this dynamic economic relationship was charted during the visit of Anand Sharma, Minister of Commerce, Industry and Textiles, Government of India, to Sri Lanka in August 2012, when both sides decided to take several key steps to further deepen trade and investment relations. Proposal focusing on increasing Sri Lanka’s export capacity with promotion of manufacturing of products like automobile parts, engineering products and pharmaceuticals with Indian investment and forging linkages across the production and supply chains of the two countries were put forward. We have also set for ourselves an ambitious target of doubling bilateral trade to reach US$ 10 billion in next three years.”
Cabraal commends Sri Lanka’s “excellent” Sri Lanka-India relationship
Governor Cabraal at the outset indicated his “pleasant surprise that as many as 49 Indian business heads were part of the ICF and contributing to the growth of the Sri Lankan economy”.
Sharing his vision for the next three years he said: The vision for the Sri Lankan economy envisages a growth of about 8% per annum on a sustainable basis, and a per capita income of over US$ 4,000 before 2016… through stable and good governance, controlling inflation and investing in ‘stars of the future’.”
“Sri Lanka introduced the new ‘stars’ while the existing ‘cash cows’ were yet performing and delivering. Just like the apparel sector has grown in 30 years from about US$ 20 million industry to a US$ 4 billion industry, the new ‘stars’ have the potential to grow as much, or substantially more, over the next few years. The values of maritime and aviation activities are growing substantially. Tourism: From US$ 400 million in 2005 to US$ 1.6 billion in 2013; expected to grow to US$ 3.1 billion by 2016. IT/KPO/BPO: from US$ 83 million in 2005 to US$ 600 million in 2013; expected to grow to US$ 2,000 million by 2020. Transportation services (maritime and aviation included): from US$70 million in 2005 to US$ 1,900 million in 2013; expected to grow to US$ 6,000 million by 2020.”
Cabraal stated that it is a matter of satisfaction that the past four years have been among the only five years of high growth + low inflation years in the post-1977 period. He listed out the challenges that Sri Lanka will have to deal with as it goes forward:
- Improve productivity levels of our existing activities
- Ensure that Sri Lanka does not fall prey to the “middle income trap” which ensnared several countries.
- Maintain political stability
- Ensure that poverty remains low,
- Keep unemployment at low levels, and
- Ensure balanced regional development takes place.
“To realise this vision on a sustained basis, India as one of Sri Lanka’s key overseas partners, can do much… Sri Lanka’s relationship with India and Indian business has been an excellent one. Total trade between Sri Lanka and India amounted to US$ 3.73 million in 2013 compared to US$ 673 million in 2001, which was the first full year the India-Sri Lanka FTA came into force. Sri Lanka’s exports to India which were at US$ 72 million in 2001 have increased to US$ 543 million in 2013. The ISFTA was signed on 28 December 1998. It was enforced with effect from 1 March 2000 and this has benefited businesses from both countries, as elaborated by the High Commissioner.”
“The Sri Lankan people have greatest respect and love for India and its people,” said Cabraal, quipping that the only time that Sri Lanka does not wish India all the best is when Sri Lanka plays cricket against India!
The Governor added: “Business entities and personalities can be very helpful in improving and helping to develop relationships as well. Politicians usually follow business interests. Business and politics are closely-linked. Economic activity cannot flourish if a country is politically unstable.”
He opined that the ICF could be an important bridge to improve India-Sri Lanka relationships further and Sri Lanka has been generous with its economy for entry by Indian companies. Elaborating on what role the ICF could play in helping achieve his vision, he said: “There are two basic ways whereby Indian businesses could contribute towards realising the Sri Lankan economic vision. One, by participating actively in numerous business opportunities. Two, by contributing to the strengthening of the political relationship between the two countries, by proactively engaging the Indian political leadership to view Sri Lanka as a friend and ally.”
Tuesday, April 1, 2014
Lanka to participate at SAITEX fair in Johannesburg
Daily News - 01/04/2014
By K A Aleem
Sri Lanka Export Development Board in collaboration with the Sri Lanka High Commission in Pretoria, South Africa is organising Sri Lanka’s participation at the South African International Trade Exhibition (SAITEX) to be held from June 22 to 24, 2014 at the Gallagher Convention Centre in Johannesburg, South Africa and Afro- Sri Lanka Business Forum to be organised in coincide with SAITEX2014.
SAITEX is the most popular and the region’s largest multi sector international trade fair organized in South Africa for over 20 years. SAITEX serves as a strategic gateway to entire African region.
The fair is co-located with South Africa’s largest food and beverage industry event. “Africa big l” and together attracts many exhibitors from all over the world.
Afro-Sri Lanka business forum will be organised in association with Sri Lanka High Commission in Pretoria, Sri Lanka. Exporters will be participate in this fair.
By K A Aleem
Sri Lanka Export Development Board in collaboration with the Sri Lanka High Commission in Pretoria, South Africa is organising Sri Lanka’s participation at the South African International Trade Exhibition (SAITEX) to be held from June 22 to 24, 2014 at the Gallagher Convention Centre in Johannesburg, South Africa and Afro- Sri Lanka Business Forum to be organised in coincide with SAITEX2014.
SAITEX is the most popular and the region’s largest multi sector international trade fair organized in South Africa for over 20 years. SAITEX serves as a strategic gateway to entire African region.
The fair is co-located with South Africa’s largest food and beverage industry event. “Africa big l” and together attracts many exhibitors from all over the world.
Afro-Sri Lanka business forum will be organised in association with Sri Lanka High Commission in Pretoria, Sri Lanka. Exporters will be participate in this fair.
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