Category Trade

Support Sri Lanka

The Deputy High Commission of Sri Lanka in Chennai had organized a programme ‘Support Sri Lanka’ at the Chancery Premises on 27th May 2022 with the objective of securing the food and health safety of Sri Lanka thorough financial support and ensuring supply of essential commodities such as food medicines to Sri Lanka.

The programme, which was hosted for business dignitaries, social workers & Sri Lankan well-wishers, was chaired by Dr. D. Venkateshwaran, the Deputy High Commissioner. In his key note address, Deputy High Commissioner highlighted that, the present crisis faced by Sri Lanka is temporary and similar to the past we will overcome these setbacks and bounce back to normalcy. With the assistance of good neighbourhood in SAARC, and other friendly nations in the world, Sri Lanka will assure a speedy recovery. Deputy High Commissioner further mentioned the assurance given by Hon. Narendra Modi, Prime Minister of India, on rendering all necessary support and aid to Sri Lanka.  He also thanked the Indian Government, the TN Government and the people of TN for extending humanitarian aid and support.

Several dignitaries participated the event, including Mr. Parasuraman of M. S. Swaminathan Research Foundation, Mr. Olivannan, the ex-Rotary Governor,  M. S. Madhivaanan, Industrialist, Mr. V. G. Santhosham, Industrialist, Mr. Veeramani Pharmaceutical company owner, Mr. Sudhakar Jayaraj, a Hotelier from Kodaikanal, Mr. Sriharan Balan, Chairman of Adventure tour operators Association of India, Dr. Muthukumar, Director of a Fertility clinic, and members of Vallalar Sabhai (Arutperunjothy, Vadalur) assured of extending all possible support and relief aid to Sri Lanka.

Further, the Deputy High Commissioner, while thanking the participants, expressed to the audience the nature of assistance that Sri Lanka expected under this current juncture, such as initiating new export oriented industries in Sri Lanka.  The country’s revenue depended on Tourism and Overseas employment. The Easter attacks and the subsequent Covid-19 pandemic dealt a huge blow to our economy. Many Sri Lankans lost their overseas jobs due to the pandemic. But Lanka is always referred to as ‘Kubera Bhumi’ (the land of wealth) in puranas and Sri Lanka’s economy is expected to roll back to normalcy soon.

Trade and Investment Awareness Session

Deputy High Commission of Sri Lanka in Chennai, in collaboration with Business Dhronacharya Institute of Entrepreneurs, conducted a ‘Trade and Investment Awareness Session’ at the Chancery premises on 08.03.2022. The objective of the Session was to make the participants aware of the trade and investment opportunities available in Sri Lanka for MSME sector players and arrange a South Indian delegation to Sri Lanka in order to explore more business collaborations with the Sri Lankan trading community. Giving the impetus, Dr. Venkateshwaran, Deputy High Commissioner stressed the importance of doing business in Sri Lanka and convinced the facilities and incentives being provided by the government of Sri Lanka to Indian traders and investors. Potential traders and investors from heterogeneous business sectors in South India such as textiles, Automobile, electronic and IT/BPO, etc. were participated the event.

Sri Lanka Deputy High Commission in Chennai steps forward to promote Palmyrah based Products

In the Northern part of Sri Lanka, palmyrah palm is referred as “Katpahatharu (celestial tree)” or “the tree of life” for its multifarious uses. It is identified that almost each part of the palm, right from the top to bottom (root), has an economic value (nearly 800) being immensely useful to the life of the local population, contributing in numerous ways not only to food and nutrition, shelter and fuel but also to income generating activities.

The Government of Sri Lanka has established The Palmyrah Development Board to diversify, promote, develop & conduct research related to Palmyrah products. It has been identified that the value added palmyrah products has a developing market in European and South East Asian Countries.

On 18th February, 2022, Sri Lanka Deputy High Commission in Chennai had organized a small tea ceremony at the chancery premises to introduce diversified and value-added Palmyra based Products to the business community in Southern India. Under the invitation of Deputy High Commissioner, Mr. Krishantha Pathiraja, Chairman, Palmyrah Development Board also participated the event.

Several diversified and value added palmyrah based products were introduced to the participants, whom expressed their interest to promote as well as to open few retail outlets palmyrah based products in Southern India. The event was concluded with a cup of delicious ‘Ceylon Tea’ served to the participants.

IMPA holds hands with Sri Lanka in Business & Investment Collaborations

International Mudaliar and Pillaimar Association (IMPA) is a non-profit, non-political organization based in Southern India which consists of more than 25000 members worldwide. IMPA constitutes of reputed business owners with a South Indian origin and highly involved in development of economy, education, health and agriculture in rural communities in Southern India. Under the invitation of Dr. D. Venkateshwaran, Deputy High Commissioner of Sri Lanka in Chennai, around 60 business owners including Chairman & senior officials of IMPA participated a seminar on ‘Investment and Business Opportunities in Sri Lanka’ held at the Chancery Premises on 18th February, 2022. In delivering the keynote speech, The Deputy High Commissioner emphasized the fact ‘why you should invest in Sri Lanka’. Presentation on ‘Avenues of investing Sri Lanka’ and ‘Sri Lanka – the way forward) were presented by Mr. Dilanga Hettiarachchi, Second Secretary (Commercial) and Mr. Supun Deshaprema, Second Secretary (Cultural & Political). The event was followed by a Q & A session and an interactive working lunch also, which earned several positive responses in investing and establishing new businesses in Sri Lanka, for sectors such as renewable energy, pharmaceutical products, handicrafts, textiles & IT/BPO etc.