Opposition must build politics of tomorrow

Last week’s much-publicised meeting of Opposition party leaders was presented as the beginning of a united challenge to the Government. In reality, it looked more like a reunion of the political establishment that voters emphatically rejected at the last general election. Missing was the new generation of leaders who might have emerged from the Opposition’s crushing electoral defeat and who could have offered fresh ideas, renewed credibility, and a genuine alternative.

Instead, the meeting was dominated by familiar faces, many of whom no longer command a parliamentary mandate and some who have no parliamentary representation at all. More troublingly, several participants continue to face judicial scrutiny over allegations of corruption and abuse of public office. Their presence reinforced the perception that this was less an exercise in political renewal than an attempt by discredited figures to regain relevance.

Beyond their collective Opposition to extending the retirement age of judges, it was difficult to identify a coherent political agenda binding these disparate parties together. The judicial retirement issue has been framed by Opposition leaders as an assault on judicial independence. Yet such rhetoric rings hollow when many of the same individuals were themselves architects of one of the gravest attacks on judicial independence in Sri Lanka’s recent history, the impeachment of a sitting Chief Justice. Having once undermined the judiciary for political expediency, they now seek to portray themselves as its defenders. Unsurprisingly, the public is likely to view this sudden conversion with considerable scepticism.

The Opposition’s attempt to manufacture unity around this single issue is therefore unlikely to gain significant public traction. Most Sri Lankans do not perceive the extension of judges’ retirement ages as an existential threat to the rule of law in the way Opposition leaders suggest while there is overwhelming support for the investigation and prosecution of corruption in the recent past. Therefore, a coalition united primarily by procedural objections to judicial appointments, rather than a compelling vision for the country’s future, is unlikely to inspire voters.

Perhaps the greatest political casualty of this gathering is the current Opposition Leader, Sajith Premadasa. Whatever criticisms have been levelled against him over the years, he has thus far avoided the judicial proceedings and corruption allegations that have engulfed many of those with whom he now chooses to share a platform. That distinction mattered. It gave him and his party an opportunity to chart a different course from the patronage politics and corruption that defined much of Sri Lanka’s recent past.

By associating himself so closely with politicians whom the public overwhelmingly associates with corruption, cronyism, and political opportunism, Premadasa has squandered much of that advantage. Rather than presenting himself as the leader of a renewed Opposition, he risks being seen as merely another custodian of the old political order. In hitching his political fortunes to a broken wagon, he has weakened his credibility as a genuine alternative to the Government and reinforced the perception that the Opposition has learned little from its overwhelming electoral rejection.

This latest unity effort offers no new leadership, no coherent policy platform, and no compelling vision capable of reconnecting with an electorate that demanded profound political change. Instead, it risks further eroding public confidence in an Opposition already struggling to redefine itself.

That should concern everyone, regardless of political allegiance. Democracies function best when Governments face robust scrutiny from a credible, principled, and competent Opposition. Sri Lanka desperately needs an Opposition capable of holding those in power accountable while presenting realistic and inspiring alternatives. Unfortunately, last week’s gathering suggested that too many Opposition leaders remain preoccupied with reviving the politics of yesterday rather than building the politics of tomorrow.

SLT-Mobitel champions National AI Institute to power Sri Lanka’s AI future

SLT-Mobitel has announced support as a Founding Member and Infrastructure Partner for the soon-to-be-established National AI Institute, a national, multistakeholder platform envisioned to advance Artificial Intelligence research, innovation, infrastructure development, and policy engagement in Sri Lanka.

The proposed National AI Institute, currently in the development phase, will unite government stakeholders, academia, industry, and international partners through a multi-stakeholder framework. The Institute was proposed to facilitate collaboration in AI research and innovation, strengthen partnerships among government stakeholders, academia, industry, and international collaborators, and improve access to shared AI infrastructure and technical resources. Its direction is expected to be shaped through stakeholder engagement, collective input, and alignment with national priorities.

Additionally, the initiative aims to strengthen coordination among existing AI efforts, enhance access to joint technical resources, and support the creation of a nationally aligned AI ecosystem. It is also intended to provide a platform for national-level dialogue on AI priorities and governance, support capacity building and knowledge sharing, and encourage international collaboration and partnerships.

SLT-Mobitel champions the initiative as an accelerant, to strengthen Sri Lanka’s digital transformation, consolidate the national capacity in AI, and create new opportunities for innovation and inclusive growth.

The recently concluded Stakeholder Session for the proposed National AI Institute convened Government, academia, industry, and partners to shape Sri Lanka’s AI future. The agenda moved from Setting the Vision and outlining national priorities, to Stakeholder Perspectives, highlighting opportunities and gaps. A Consensus-Building Workshop followed, identifying shared priorities and coordination mechanisms. The day concluded with a high-level Endorsement Session, presenting the emerging framework to ministries for reflection and guidance in developing the next stage.

The session was attended by senior officials including Digital Economy Ministry Deputy Minister Eng. Eranga Weeraratne, Sri Lanka Telecom PLC Group Chairman Dr. Mothilal de Silva, and SLT-Mobitel CEO M. Riyaaz Rasheed, Chief Adviser to the President of Sri Lanka on Digital Economy Dr. Hans Wijayasuriya, Lanka Education And Research Network Consultant CEO Prof. Roshan G. Ragel, Swarmio CEO Vijai Karthigesu, and University Grants Commission Vice Chairman Senior Professor K.L. Wasantha Kumara were also in attendance.

Together, these efforts are expected to contribute to economic growth, technological innovation, and public sector transformation, positioning Sri Lanka within the global AI landscape.

As the National AI Institute takes shape, SLT-Mobitel’s support highlights commitment to advance Sri Lanka’s AI ecosystem and reinforce their role as the country’s National ICT Solutions Provider and digital enabler. The company’s involvement will anchor the Institute through world-class infrastructure, equipping Sri Lanka to unlock AI’s potential for sustainable prosperity.

Cabinet backs legal framework to regulate virtual asset service providers

The Cabinet of Ministers at their meeting on Monday approved steps to introduce legislation to regulate virtual asset service providers (VASPs), marking a significant move towards bringing cryptocurrency-related activities under a formal regulatory framework.

The decision comes amid growing use of virtual assets by Sri Lankans through offshore cryptocurrency exchanges and peer-to-peer online transactions, which currently operate outside the country’s regulatory and supervisory framework.

Addressing the weekly post-Cabinet media briefing yesterday Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said Sri Lankan users have been able to access virtual assets; digital representations of value that can be traded, transferred or used for investment purposes, primarily through overseas platforms. However, these service providers were not subject to local registration, reporting requirements or compliance obligations, creating regulatory gaps.

He noted that the absence of oversight has heightened concerns over financial crimes, including money laundering and terrorist financing, underscoring the need for a dedicated regulatory framework and supervisory mechanism.

To address these concerns, a Sub-Committee on Virtual Asset Service Providers has been established under the chairmanship of the Digital Economy Deputy Minister. The committee comprises officials from relevant institutions and operates under the policy guidance of the National Coordination Committee (NCC) on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).

Following its review, the subcommittee recommended designating the Securities and Exchange Commission of Sri Lanka (SEC) as the regulatory authority for virtual asset service providers. The proposed framework envisages the SEC working within a supervisory structure coordinated by the Central Bank of Sri Lanka (CBSL), the Financial Intelligence Unit (FIU) and the Inland Revenue Department (IRD).

‘Based on these recommendations, the Cabinet has approved taking the necessary legal steps to introduce a regulatory regime governing virtual asset service providers operating within Sri Lanka,’ he added.

The proposal to this effect was submitted by President Anura Kumara Dissanayake in his capacity as the Digital Economy Minister.

ADB President urges faster action on water security across Asia Pacific

Asian Development Bank (ADB) President Masato Kanda yesterday called for faster investment and reform to secure water across Asia and the Pacific, pointing to a new ADB-administered fund with Japan that will help developing economies strengthen disaster preparedness, infrastructure, and water management.

‘Water underpins our health, our food, and our energy,’ said Kanda. ‘It sustains ecosystems and powers economies, including through clean and reliable hydropower. In a world unsettled by conflict and volatile energy markets, the link between water and energy security has rarely mattered more. Water security is not merely a resource issue. It is the foundation of economic development.’

Kanda delivered a keynote speech at the International Symposium Commemorating the 50th Anniversary of Japan’s Water Day. His Majesty the Emperor of Japan honoured the symposium with his presence. Kanda paid tribute to His Majesty’s lifelong scholarship on water and said Japan’s five decades of national action offer a model of sustained investment, strong institutions, and long-term reform.

Japan established Water Day and Water Week in 1977, recognising water as a shared national responsibility. Kanda highlighted Japan’s integrated management of river basins, disaster risk reduction systems, efficient water supply networks, and decentralised wastewater treatment. Japan has also helped advance the Sendai Framework for Disaster Risk Reduction and shared practical solutions with communities from Central Asia to the Pacific.

Water and environmental risks are rising faster than the region’s preparedness, Kanda warned. Over 40% of the world’s flood events occur in Asia. About 220 million people in Asia and the Pacific still lack basic water supply, while around 520 million lack basic sanitation.

The region has nevertheless made major progress. Since 2013, about 2.7 billion people, roughly three in five people in Asia and the Pacific, have moved out of extreme water insecurity, according to ADB’s fifth Asian Water Development Outlook, published in December 2025.

However, those gains remain fragile. About 4 billion people still face risks from unreliable water and sanitation, water-related disasters, and deteriorating ecosystems. Kanda said closing the widening investment gap will require stronger policies, better governance, greater efficiency, and healthier ecosystems, as well as more financing.

ADB committed $12.7 billion to the water sector from 2021 to 2025, benefiting about 63 million people. Its investments include expanding wastewater treatment in Fiji to protect mangroves, coral reefs, and fishing communities; working with the International Finance Corporation and Maynilad to improve water services for millions of people in the Philippines; and supporting reforms in Sri Lanka to reduce costly water losses.

Gal-Oya Plantations strengthens future of Sri Lanka’s sugar industry and farming communities

Gal-Oya Plantations continues to strengthen Sri Lanka’s sugar industry while supporting the economic and social development of farming communities in the Eastern Province.

Sri Lanka’s agricultural landscape underwent a significant transformation during the latter part of the 1950s, guided by the vision of then Prime Minister D.S. Senanayake. Recognising the country’s agricultural potential, he prioritised the construction of the Senanayake Samudraya, which brought water and new life to the previously dry lands of Digamadulla.

Sugarcane cultivation, established along the fertile left bank of the Senanayake Samudraya as part of one of the Eastern Province’s largest agricultural development initiatives, subsequently became a major commercial crop in the region.

The Gal Oya Sugar Factory was established in the early 1960s with the aim of producing a fully Sri Lankan product using sugarcane harvested by local farmers. Unlike many other crops exposed to market fluctuations, sugarcane provided farmers with an opportunity to secure a stable price for their harvests, strengthen their household incomes and build a more secure future for their families.

Until the factory ceased operations in 1996, its benefits extended beyond sugarcane farmers to communities across the Eastern Province and consumers of locally produced sugar throughout Sri Lanka.

The Gal Oya Sugar Factory recommenced operations in 2006 under the Eastern Reawakening Development Programme as a public-private partnership. The Government retained a 51% ownership stake, while the remaining 49% was held by Browns and LOLC. Since its revival, the factory has steadily expanded its operations and restored new economic opportunities for sugarcane farmers in the region.

Today, Gal-Oya Plantations remains committed to revitalising sugarcane cultivation and contributing to renewed prosperity in the Eastern Province. Its role extends beyond purchasing farmers’ harvests at fair prices, with the company providing comprehensive assistance to strengthen the livelihoods and long-term resilience of farming communities.

When the factory resumed operations in 2006, many farmers had moved away from sugarcane cultivation, agricultural lands had become overgrown, access roads were in poor condition and irrigation canals had deteriorated. Gal-Oya Plantations initially focused on rehabilitating damaged roads and restoring canal systems to ensure that farmers had reliable access to water and essential agricultural infrastructure.

These improvements helped rebuild farmers’ confidence in the industry, encouraging them to clear abandoned land and resume sugarcane cultivation.

In addition to developing infrastructure, Gal-Oya Plantations supports farmers by supplying seed cane and fertiliser required to begin and maintain cultivation. The company also provides technical knowledge, agricultural guidance, machinery and other equipment to improve productivity and enable farmers to manage their cultivations more effectively.

Wildlife-related crop damage remains one of the most serious challenges faced by farmers in the region, particularly damage caused by elephants. Recognising the scale of the issue, Gal-Oya Plantations has established a specially trained team to support the protection of farmlands around the clock.

The company also works closely with farmers to minimise damage caused by wild boar, porcupines and other animals, helping cultivators protect their crops and secure a more complete harvest.

Gal-Oya Plantations’ commitment extends to the education and wellbeing of farmers’ children. The company implements a scholarship programme for schoolchildren, encouraging them to continue their studies and supporting their access to higher educational opportunities.

It also contributes to improving educational facilities at the school level by identifying the needs of schools in surrounding communities and providing assistance to create a better learning environment for children.

The company maintains close and harmonious relationships with religious leaders and places of worship representing all faiths in the region. Gal-Oya Plantations directly contributes to the development of Buddhist temples and other religious institutions, assists in addressing their essential needs and provides support during significant religious and cultural occasions.

Through these initiatives, Gal-Oya Plantations has become an integral partner in the economic, social and cultural advancement of the region. The company remains focused on expanding its social responsibility initiatives and delivering greater value to the communities it serves while contributing to the sustainable development of Sri Lanka’s domestic sugar industry.

Heritage Expediciones celebrates 23 years with renewed Travelife Certification

Heritage Expediciones Ltd., stepped into the 23rd year of operations on 01 July 2026, having renewed the company’s Travelife Certified sustainability status for the first time, marking a milestone year for the Colombo-based destination management company.

Since 2003, Heritage Expediciones has built a reputation on delivering carefully crafted Sri Lankan itineraries for international travellers. Sustainability has been a defining part of that growth: the company holds Travelife’s highest certification level, awarded following an independent third-party audit against more than 200 criteria covering office management, product range, supplier relationships, and customer communication.

This first renewal confirms the company’s position as one of Sri Lanka’s leading sustainable tour operators, with practices spanning environmental management, biodiversity protection, human rights and labour standards, in line with ISO 26000 and the UN’s Corporate Social Responsibility framework.

‘Reaching 23 years in this industry, and doing so as a Travelife Certified operator, reflects what we’ve always believed, that responsible tourism and long-term business success go hand in hand,’ said a company spokesperson. ‘This renewal is a milestone we’re proud of, and strengthens our commitment to operating as a sustainable and responsible tour operator as we look ahead.’

As the company moves into its next chapter, the focus remains on responsible growth, deepening work with local communities and suppliers, and maintaining the standards required by Travelife, the leading international sustainability certification for the travel industry.’

Hikvision Sri Lanka showcases AIoT innovations at ‘Shaping Intelligence – Smart Building Summit 2026’

Hikvision Sri Lanka successfully concluded the Shaping Intelligence – Smart Building Summit 2026, bringing together industry leaders, technology experts, building professionals, and key decision-makers to explore how intelligent technologies are shaping the future of modern buildings. The Summit served as a platform to demonstrate how Artificial Intelligence of Things (AIoT) solutions are transforming building operations through enhanced security, improved efficiency, sustainability, and smarter management practices. Through expert-led presentations, technology demonstrations, and real-world case studies, attendees gained valuable insights into the growing role of integrated smart building ecosystems across industries.

The Summit recorded 157 participants, reflecting strong industry engagement and growing interest in smart building solutions. The audience represented a diverse cross-section of key sectors, including hospitality, construction, real estate, office space and property management, consultancy, system integration, and architecture. As organisations increasingly seek ways to improve operational performance while creating safer and more sustainable environments, the event highlighted the importance of adopting innovative technologies that seamlessly connect security systems, facility management, and building intelligence on a single platform.

The program featured discussions on emerging smart building trends, AIoT-powered building management solutions, and the evolving expectations of modern infrastructure. Participants also had the opportunity to engage with industry peers, consultants, system integrators, and technology specialists, fostering valuable conversations around the future of smart buildings in Sri Lanka.

Throughout the Summit, Hikvision demonstrated its extensive portfolio of AIoT-powered solutions tailored for commercial buildings, industrial facilities, educational institutions, healthcare environments, and public sector infrastructure. The showcase featured intelligent security systems, advanced access control technologies including smart door locks, turnstiles, and barrier gates, as well as parking management systems and fire alarm solutions.

Attendees also experienced Hikvision’s smart display innovations, including LED displays, digital signage, and interactive smart boards, alongside professional audio and public address systems. The exhibition further highlighted security inspection products such as X-ray baggage scanners and walk-through metal detectors, and unified facility management platforms. Collectively, these technologies demonstrated how a coordinated AIoT ecosystem enhances security, streamlines operations, improves communication, and delivers smarter, more efficient building management.

The Summit reinforced a key industry message: smart buildings are no longer a concept of the future. As digital transformation accelerates across sectors, organisations of all sizes can leverage scalable and accessible technologies to gain better operational visibility, streamline processes, and make data-driven decisions.

Hikvision Sri Lanka Director / General Country Manager Yasantha Hennayake said, ‘Shaping Intelligence – Smart Building Summit 2026 reflects our ongoing commitment to driving innovation and supporting Sri Lanka’s digital transformation journey. Today, intelligent buildings are about much more than security, they are about creating connected ecosystems that enhance efficiency, sustainability, and the overall user experience. Through our AIoT technologies, we are helping organisations build smarter, safer, and more future-ready environments. We are encouraged by the strong industry engagement at this event and remain committed to empowering businesses with practical solutions that deliver real value.’

As Sri Lanka continues to embrace digital transformation and modern infrastructure development, Hikvision remains focused on supporting organisations with intelligent technologies that simplify building management, strengthen security, and unlock new levels of operational excellence. Through initiatives such as Shaping Intelligence – Smart Building Summit 2026, Hikvision continues to strengthen industry collaboration and accelerate the adoption of smart building technologies, helping organisations confidently navigate the future of intelligent infrastructure.

AmCham Sri Lanka, Standard Chartered bring intl. cybersecurity expertise with SeCure 2026

The American Chamber of Commerce in Sri Lanka (AmCham Sri Lanka), in partnership with Standard Chartered Sri Lanka, will host SeCure 2026: Strengthening Organisations Against Tomorrow’s Threats on Tuesday, 4 August 2026, at the Courtyard by Marriott, Colombo.

Recognising the importance of equipping Sri Lankan businesses with insights drawn from international best practice, AmCham Sri Lanka has partnered with Standard Chartered Sri Lanka to bring Standard Chartered Executive Director and Head of Client and Third-Party Security Chris Fleming to Colombo for an exclusive executive session.

With extensive experience leading cybersecurity and third-party security programs across one of the world’s leading international banks, Fleming brings a global perspective on cyber resilience, governance and risk management. His work spans enterprise security strategy, threat intelligence, third-party risk and cyber governance, giving him practical insight into how organisations can better anticipate, prepare for, and respond to today’s increasingly sophisticated cyber threats.

During his keynote address, Chris will explore the rapidly evolving cyber threat landscape, examining why organisations of every size and sector are becoming increasingly attractive targets for cybercriminals, how leading international organisations are strengthening their cyber resilience, and the strategic actions business leaders must take to safeguard their organisations in an increasingly digital world. Adding a unique and highly engaging dimension to the keynote, Chris will also lead an interactive exercise where participants will work together to solve a series of evolving challenges, testing their communication, collaboration and decision-making in real time.

Complementing the keynote will be a panel discussion featuring LankaPay Ltd., Deputy Chief Executive Officer Dinuka Perera and Moderated by Microsoft Sri Lanka Senior Partner- Solutions Sales Lead for Sri Lanka and Maldives and AmCham SL Board Member, Chinthaka Dunuwille the discussion will explore recent cyber and fraud incidents affecting organisations, evolving governance expectations, and practical strategies for strengthening organisational resilience in an increasingly interconnected digital economy.

Designed as a high-level executive breakfast forum, SeCure 2026 is expected to attract a strictly limited audience of 150 senior decision-makers, including CEOs, Board Directors, CIOs, CISOs, CFOs, legal professionals, risk managers, technology leaders and policymakers.

For attendees, the forum offers a focused opportunity to step away from day-to-day priorities and engage directly with the cyber risks, governance expectations and strategic decisions shaping business resilience. In a single morning, participants will gain access to international expertise, practical insights and peer perspectives that will help them better understand emerging threats, ask sharper questions within their own organisations, and strengthen preparedness.

The partnership between AmCham Sri Lanka and Standard Chartered reflects a shared commitment to strengthening cyber resilience across Sri Lanka’s corporate sector by creating platforms that connect local business leaders with internationally recognised expertise, practical insights and real-world learning experiences.

PickMe unlocks over Rs. 22 b for micro-entrepreneurs in 1Q

Digital Mobility Solutions Lanka PLC (PickMe) yesterday said it has generated Rs. 22 billion in income for its network of independent driver and merchant earners during the first quarter of FY2026/27, up 50% from a year earlier.

The platform contributed Rs. 773 million in national taxes during the quarter, maintaining strong operational momentum despite temporary fuel supply disruptions stemming from the Middle Eastern conflict.

The company reported revenue of Rs. 2.5 billion for the quarter, a 40% increase from Rs. 1.8 billion recorded in the corresponding period last year. Despite fuel rationing and the operational challenges experienced during the quarter, revenue growth was driven by a 40% year-on-year increase in average monthly unique consumers, an all-time high during the quarter, reflecting the continued expansion of PickMe’s marketplace ecosystem.

This growth translated into a 43% year-on-year increase in total platform movements, while Gross Transaction Value (GTV), the total value of trips and deliveries facilitated through the platform, increased 48% year-on-year to Rs. 25.3 billion from Rs. 17 billion in the corresponding quarter last year.

Over 85% of this value flowed directly to PickMe’s network of independent drivers and merchant earners, highlighting the platform’s growing role in creating livelihoods, supporting entrepreneurship and enabling digital commerce across Sri Lanka.

Chairman Ajit Gunewardene said the results reflect the broader economic value created through the platform’s continued expansion.

‘These results represent far more than business growth. Every transaction facilitated through PickMe creates income for drivers, business for merchants and greater convenience for consumers, generating meaningful economic value across the country. That is where the real significance lies: not in what the platform earned, but in what it enabled others to earn. As the marketplace grows, sustaining and widening that contribution is the responsibility we carry.’

While year-on-year growth remained strong, the company noted that sequential performance moderated from the exceptionally strong fourth quarter of FY2025/26, which has historically been PickMe’s strongest quarter due to seasonal demand.

Net revenue eased by 1%, primarily due to fuel supply constraints and quota-related disruptions that temporarily affected driver availability. Higher fuel prices also weighed on consumer affordability, contributing to softer trip volumes during the quarter. Nevertheless, average monthly unique consumers continued to grow by 3% quarter-on-quarter, demonstrating the resilience of customer engagement despite the temporary market disruption.

Founder/CEO Jiffry Zulfer said PickMe’s long-term focus remains on expanding the value created across its marketplace rather than simply growing the platform itself. ‘Every quarter of growth on the platform translates into more earning opportunities for our driver earners, more business for merchants and greater convenience for millions of Sri Lankans. That multiplier effect is what drives our investment strategy. We will continue strengthening supply-side reliability, investing in technology and expanding our regional presence so that the value created by the platform reaches even more people and communities across the country.’

Net profit for the quarter increased 45% year-on-year to Rs. 631 million from Rs. 437 million in the corresponding period of the previous financial year. Sequentially net profit moderated by 10% compared with the record fourth quarter of FY2025/26, reflecting softer marketplace volumes, higher IT infrastructure and subscription costs, and the impact of currency depreciation. The company stated that the result demonstrates the resilience of its operating model despite temporary external disruptions.

PickMe said it has evolved beyond a mobility platform into one of Sri Lanka’s largest digital marketplaces, connecting millions of consumers with a growing network of independent drivers and merchant earners. By facilitating transportation, deliveries and digital commerce at scale, the platform continues to generate significant economic value while supporting livelihoods, small businesses and the country’s ongoing digital transformation.

Cabinet clears 23 new regional industrial projects worth Rs. 2.8 b, creating 870 jobs

The Cabinet of Ministers on Monday approved the allocation of land to 23 investors across 13 regional industrial estates on 35-year lease agreements, paving the way for new manufacturing and industrial ventures with a combined investment of over Rs. 2.8 billion and the creation of 870 direct jobs.

The decision forms part of the Government’s regional industrial estate development program, implemented by the Industry and Entrepreneurship Development Ministry to promote balanced industrialisation and expand economic opportunities beyond the country’s main urban centres.

‘The regional industrial estate development program focuses on identifying suitable land, developing essential infrastructure and allocating industrial plots to qualified investors to facilitate the establishment of new enterprises,’ Cabinet Spokesman and Minister Dr. Nalinda Jayatissa announced the decision at the weekly post-Cabinet meeting media briefing yesterday.

He said the investment proposals were assessed under the regional investment initiative through a multi-stage evaluation process.

The Regional Industrial Service Committee, established under the Industrial Promotion Act No. 46 of 1990, together with the Project Evaluation Committee of the Industry and Entrepreneurship Development Ministry, recommended the allocation of land for the 23 projects after evaluating the proposals.

The proposal to this effect was submitted by Industry and Entrepreneurship Development Minister Sunil Handunneththi.