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Sri Lanka News

Zydus Lifesciences Partners Sunshine Healthcare in $20 Million Sri Lanka Pharma Venture.

Zydus Lifesciences and Sri Lanka-based Sunshine Healthcare have formed a joint venture to establish a pharmaceutical manufacturing facility in Sri Lanka with an investment of more than $20 million, marking... Full Story

ITC invests close to ₹3,000 crore in Welcomhotels Sri Lanka.

ITC Ltd, which recently announced the demerger of its hotels business, has made an equity investment of about ₹3,000 crore... Full Story

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Leading Indian IT company HCL sets up 1st development centre in Sri Lanka.

India's leading IT company HCL has set up its first development centre in Sri Lanka, the Indian High Commission here said recently. Prime Minister Mahinda... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

Adani Green Exits Controversial $442 Million Renewable Energy Project in Sri Lanka.
Adani Green has pulled out of a controversial $442-million renewable energy project in northern Sri Lanka amid strong local opposition and legal battles over its... Full Story
"Asian Development Bank Approves $100 Million Loan for Sri Lanka"
The Asian Development Bank (ADB) has approved a $100 million policy-based loan to support Sri Lanka's efforts to reform its water supply and sanitation sector.... Full Story
Ather Energy to Expand Global E-Scooter Footprint with Entry into Sri Lankan Market
Ather Energy, a prominent Indian electric two-wheeler manufacturer, is set to broaden its global presence by entering the Sri Lankan market. The company will launch... Full Story
Petronet LNG to Provide Gas Supply to Sri Lanka
Petronet LNG is set to supply liquefied natural gas (LNG) to Sri Lanka, commencing in 2025, to fuel power plants with a capacity of 300... Full Story
First Phase of CWIT Expected to Commence Operations by December 2024, Says Karan Adani
Karan Adani, the Whole Time Director and CEO of Adani Ports and Special Economic Zone (APSEZ), has announced that the first phase of the Colombo... Full Story
Ircon International signs contract with Sri Lanka Railways, Ministry of Transport, Sri Lanka.
Ircon International Limited has executed the contract agreement with Sri Lanka Railways, Ministry of Transport, Sri Lanka for the work of procurement of Design, Installation,... Full Story
IRCON International Ltd. commissions 1st phase of upgradation of railway line Maho to Omanthai, Sri Lanka.
IRCON International Ltd. has announced that First Phase of 48.5 KMs. (Anuradhapura to Vavuniya) upgradation of 128 KMs. Railway Line from Maho to Omanthai Track... Full Story
Sri Lanka okays two Adani Group power plants with investment over $400 mn.
Struggling to generate power amid the ongoing financial crisis, Sri Lanka has given the go-ahead to two wind power plants by India's Adani Group, an investment amounting to more... Full Story