Business
PM Mahinda Rajapaksa visits Hambantota International Port
Prime Minister Mahinda Rajapaksa was on a multi-faceted inspection tour of the Hambantota International Port (HIP) to appraise the ongoing development projects at the port.
Johnson Liu, CEO of Hambantota International Port Group, giving a grand welcome to the Prime Minister and his delegation said “it is my sincere pleasure to have Honorable Prime Minister Mahinda Rajapaksa at this special event. Today, we witness the progress and success of the port, which was developed under your guidance and visionary leadership, and this port now serves as a beacon light for the economic development of the southern region of Sri Lanka.”
The Prime Minister was accompanied by Qi Zhenhong, Ambassador of China to Sri Lanka and Ministers G L Pieris, Chamal Rajapaksa, Namal Rajapaksa. The PM’s visit also coincided with the port achieving the milestone of 500,000 RORO vehicles handled in 2021, for which he participated in a ribbon cutting ceremony.
The visit included the laying of the foundation stone for the port’s first Bonded Warehouse Project, after which the Prime Minister was accompanied by the port team to inspect the construction sites of plants being set up by the Xinji Shenzhen Group and Ceylon Tire Manufacturing Company. The PM also inspected the slope protection project initiated by the port to stabilise the area for the tire manufacturing facility, which is a US$ 300 million investment. The project, being developed on 55.8 hectares of land which includes scope for an additional 16 acres for its second phase, has a commitment to export 30,000 container units annually, and is expected to create more than 3000 job opportunities. The US$ 15 million plug and play park in park facility by the Xinji Shenzhen Group, a high-tech facility to provide ‘one stop’ services to light industries, is being built on 3.07 hectares of land and will create approximately 500 jobs.
The Prime Minister and his delegation were given a brief introduction to the Master Plan for the HIP Industrial Park by CEO Johnson Liu. The delegates were briefed on the new Hope Village project being established by the port to benefit surrounding communities which will help develop livelihoods in animal husbandry and agriculture. HIPG’s vision is to inspire positive change and empower people and communities while protecting the environment and people to create a sustainably powered future. In line with that, HIP has carried out 43 CSR projects since 2018, with more than Rs. 80 million donated for the upliftment of local communities.
The tour ended at an event held on the 12th floor of the Hambantota Maritime Center where COO of HIPG Tissa Wickramasinghe presented the PM with a project report on all the development activities at the Hambantota International Port.
The Logistics Warehouse facility which is being built by Hambantota Port and Logistics Services Pvt. Ltd., the warehousing arm of the Colombo Logistics Group to store bagged cargo, is being developed on a land area of approximately 1 hectare. The Colombo Logistics Group, the first local investor for warehousing in HIP, has 14 years of experience in developing large scale ventures, acquiring a reputation for fast paced expansion in the country’s logistics sector.
The new warehousing facility once completed will spur HIP’s plans to develop fertilizer distribution both locally and for transshipment.
The port was able to increase RORO (roll on-roll off) volumes this year by introducing effective new strategies and the formation of partnerships with new RORO lines to bring transshipment cargo via HIP. The innovative approach resulted in the 500,000 units of small and large vehicles handled in 2021, amidst continuing challenges faced by the pandemic. The vehicles transshipped are mainly manufactured in India, Thailand, Japan and Korea and destined for Africa, the Middle East, Far East and South America.
Elaborating on the port’s success model, CEO Johnson Liu added, “Hambantota International Port with its mission to become a world-class seaport, is now operating across a number of business sectors not limited to RORO, Bulk and General Cargo. As per Sri Lanka Government requirements, the SLPA, Sri Lanka Navy, Sri Lanka Police and Sri Lanka Customs operate within the port, overseeing its overall security. We at HIPG put in place a blue print titled ‘HIP Speed’ which is specifically designed to clear bottlenecks and build processes that do not stand in the way of implementing projects on time. Our deadline for completion of projects is much tighter due to this, which has helped us that much more to bring suitable investment to the port. We are ably supported now by two government agencies, the Board of Investment and the Industrial Development Board, who have offices at the Hambantota Maritime Center situated within the port. This would help us to smoothen the initial investment and implementation process and in turn build confidence among those who want to partner us in projects.”
Operationally the port has been fast tracking processes not only for its short-term needs, but looking to the future in terms of what infrastructure will be required to position port activity in the various sectors, for fast development under HIP Speed. The masterplan for the port is being followed meticulously and HIP is now in the process of developing upstream and downstream supply chains for the smooth operation of its industrial zone.
Until now, 42 enterprises have signed agreements with HIPG to enter the Industrial Park, of which 10 projects have already commenced construction. 8 new projects are to be signed soon, while another 15 projects with key potential are in the pipeline. The Hambantota port will be a symbol of the long-term friendship between Sri Lanka and China, and the CEO of HIPG says the China Merchants Group will continue to contribute to the economic development of the Hambantota region.
Business
AHK Sri Lanka champions first-ever Sri Lankan delegation at Drupa 2024
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
Business
HNB General Insurance recognized as Best General Bancassurance Provider in Sri Lanka 2024
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”