Highlighting technological advancements, innovation in business models, and the impact of disruptive technologies on industries and markets.
TOS Lanka Co. Ltd, a joint Sri Lankan and Japanese company, has made a significant stride in the agricultural sector with the introduction of the world’s first “anti moth pest repellent bulb.” This innovative product, developed through Japanese research and development with support from JAICA and UNDP, utilizes a novel approach to pest control. Unlike
A Sri Lankan company, Global Conversions, has achieved a world first – successfully converting a Hummer EV SUV to right-hand drive. Based in Ras Al-Khaimah, UAE, this company specializes in automobile re-engineering. Global Conversions doesn’t just convert vehicles; they ensure quality. Chairman Suresh Edirisinghe emphasizes that not only did they complete the conversion, but they
Sri Lanka is making significant strides towards increasing its renewable energy capacity with the announcement of two major projects. Power and Energy Minister Kanchana Wijesekera signed a Power Purchase Agreement (PPA) for a 150-megawatt (MW) ground-mounted solar project in Hambantota. This project, representing a $150 million investment, will be developed at the Solar Energy Park
Sri Lankan household products company, Phoenix Industries, has revamped its PVC product line under the brand name Super PVC. This relaunch aims to solidify Phoenix’s position as the leading supplier of PVC solutions in Sri Lanka. Super PVC encompasses a wide range of products including UPVC and CPVC pipes and fittings, FAB bends, solvent cements,
Sri Lankan design, technology, and marketing firm Surge Global has secured a major win in the Qatari market through a strategic partnership with Gulf Business Machines (GBM) Qatar. This collaboration not only marks a significant milestone for Surge Global but also positions them as a key player in delivering cutting-edge digital transformation solutions across the
Backbay Solar (Private) Limited has successfully commissioned two new ground-mounted solar power plants in Kommathurai, Batticaloa. These 2-megawatt plants, designated “SBS II 1X90 Vavunathivu 6” and “SBS II 1X90 Vavunathivu 7,” represent a significant contribution to Sri Lanka’s renewable energy goals. The project is part of the Ceylon Electricity Board’s 1X90 SBS II solar tender,
Global specialty tire leader GRI took a significant step towards environmental responsibility by unveiling its next-generation “green” tires at the Green Impact 2024 event in Sri Lanka. These tires boast an impressive sustainable material content, reaching a remarkable 87.3% in the Green XLR Earth series (agriculture) and a groundbreaking 93.5% in the Ultimate Green XT
The Sri Lankan Cabinet of Ministers has approved a revised policy framework governing Customs Bonded Warehouses (CBWs). This move aims to modernize the sector and enhance its competitiveness within the evolving global supply chain landscape. The new framework, empowering the “Revised and Updated Policy Framework for Appointing Common Bonded Warehouses,” addresses the critical role of
Embodee, a global leader in 3D software for fashion, recently showcased its latest advancements at an exclusive event in Sri Lanka. Despite being headquartered in Florida, USA, Embodee has established a significant presence in Sri Lanka over the past four years, becoming a key player in both the local apparel industry and the global fashion