In line with the new government’s policy of “A Thriving Nation- A Beautiful Life,” President Anura Kumara Disanayake directed officials to take the necessary steps to increase export revenue to $36 billion by 2030.
The President expressed these views during the meeting of the Export Development Council of Ministers (EDCM), held today (27) at the Presidential Secretariat.
Export revenue, which stood at USD 16.1 billion in 2024, is expected to rise to USD 18.2 billion this year, with a long-term goal of reaching USD 36 billion by 2030 through a comprehensive action plan.
The discussions emphasized the importance of strengthening domestic production and transitioning to an export-driven economy. Participants also highlighted the need to leverage Sri Lanka’s strategic location, human resources, and natural assets to develop a sustainable industrial growth plan.
This focused on revitalizing struggling domestic manufacturing industries, enhancing the competitiveness of export sectors, promoting the services industry, and capturing global markets through innovative strategies. Additionally, attention was drawn to attracting Foreign Direct Investment under a national framework, creating a conducive environment for new investments, reducing production costs, and ensuring the availability of essential infrastructure and resources. Key decisions and discussions at the meeting included:
A decision was made to establish a VAT refund system at the airport for goods purchased by tourists.
To address delays and inefficiencies in the inspection of export products, plans have been made to replace the manual system with an automated scanning system that complies with international standards. This system will be installed at the Katunayake airport, with funding allocated by the Ministry of Industries.
It was also decided to permit the “inspection of railway engines” manufactured in Sri Lanka, which had previously posed a barrier to exports, to be conducted within the country.
It was decided to introduce renewable energy sources to reduce costs within the export industry and to launch a program to encourage exporters to adopt modern technology, enhancing cost efficiency while conserving electricity.
It was decided to provide funding from the CESS fund to implement programs focused on entrepreneurs and investors to achieve export targets.
Investment Facilitation Committee was established to facilitate investment in the export sector by providing investment support for both domestic and foreign investments.
It was decided to provide export incentives for the export of gems and jewellery by identifying the correct export value through an appropriate method.
The government has focused on the export of electronic equipment and devices manufactured locally, and discussions were held regarding providing customs duty concessions on raw material imports for this purpose.
Special attention was given to the digitalization of data systems related to the export industry in the implementation of the above decisions.
There was also a focus on increasing the bank guarantee limits for incentivizing service exports.
The meeting also addressed challenges currently facing the export sector and potential solutions. Issues related to the inspection of apparel exports were highlighted, and resolutions were formulated with the consensus of all stakeholders. The EDMC, established on September 11, 1980, has met sporadically over the years. However, it had not convened between 1992 and 2020, and even in 2020, no significant decisions were implemented. This meeting in 2025 marks the resumption of the committee’s activities after a gap of 28 years, making it a notable milestone.
The committee comprises representatives from various ministries, including Trade, Shipping, Plantations, Agriculture, Industry, Textiles, Fisheries, Finance, Foreign Affairs, Supply Chain, and Rural Development. Its primary objective is to enhance Sri Lanka’s global competitiveness by formulating and implementing national export development policies and programs.
Notable attendees at the meeting included Minister of Industry and Entrepreneurship Development Sunil Handunnetti, Minister of Transport, Highways, Ports, and Civil Aviation Bimal Rathnayake, Minister of Plantation and Community Infrastructure Samantha Vidyarathne, Minister of Trade, Commerce, Food Security and Co-operative Development Wasantha Samarasinghe, Minister of Rural Development, Social Security, and Community Empowerment Dr. Upali Pannilage, Chairman of the Sri Lanka Export Development Board (EDB) Mangala Wijesinghe, Secretaries of relevant ministries and a group of state officials.
The second phase of bidding has commenced for the sale of 27 luxury and decommissioned vehicles from the Presidential Secretariat.
These vehicles, manufactured between 1991 and 2016, include a range of high-end and utility models: two BMW cars, two Ford Everest SUVs, one Hyundai Terracan SUV, two Land Rover SUVs, one Mitsubishi Montero, three Nissan petrol cars, two Nissan-type motor cars, one Porsche Cayenne, five SsangYong Rexton SUVs, one Land Cruiser Sahara SUV, six V08 vehicles and one Mitsubishi Rosa air-conditioned bus.
Tender documents are available from the Finance Division, located on the second floor of the Sema Building at the Presidential Secretariat, on working days between 9:00 a.m. and 3:00 p.m. until 14th May. Interested parties may also inspect the vehicles at the Salusala premises, No. 93, Jawatta Road, up to the same date.
This auction follows the successful first phase of the programme, during which 14 luxury vehicles, six decommissioned vehicles and various spare parts were sold. That phase included the auction of 15 vehicles, including nine Defender Jeeps. The initiative reflects the government’s ongoing commitment to reducing public expenditure and ensuring fiscal discipline.
It is important to note that the vehicles on offer were not allocated to the permanent staff of the Presidential Secretariat. They were utilised by advisors and other individuals appointed under Article 41(1) of the Constitution during the tenure of the previous President.
The official notice regarding this auction is shown below :
The Indian Premier League has been suspended for one week amid the ongoing tensions between India and neighbouring Pakistan.
Overnight, India accused Pakistan of attacking three of its military bases with drones and missiles, a claim which Islamabad denied.
Pakistani authorities say 31 people have been killed and 57 injured by Indian air strikes in the country and Pakistan-administered Kashmir since Wednesday morning.
Twenty-six civilians were killed in Indian-administered Kashmir last month and India has accused Pakistan of supporting militants behind the attack – an allegation the neighbouring country has rejected.
The situation escalated on Tuesday evening when India launched a series of strikes in a move named “Operation Sindoor”.
The Board of Control for Cricket in India (BCCI) said: “The decision was taken by the IPL Governing Council after due consultation with all key stakeholders following the representations from most of the franchisees, who conveyed the concern and sentiments of their players, and also the views of the broadcaster, sponsors and fans.
“While the BCCI reposes full faith in the strength and preparedness of our armed forces, the Board considered it prudent to act in the collective interest of all stakeholders.”
On Thursday, the IPL match between Punjab Kings and Delhi Capitals in Dharamsala was abandoned mid-match because of floodlight failure, with players, staff and media set to be evacuated from the city, which lies close to the contested region of Kashmir.
Later on the same day, the remaining matches in the Pakistan Super League were moved to the United Arab Emirates.
The IPL, the richest franchise T20 league in the world, had been set to run until 23 May, with 16 games left to be played.
“Further updates regarding the new schedule and venues of the tournament will be announced in due course after a comprehensive assessment of the situation in consultation with relevant authorities and stakeholders,” said the BCCI.
There are 10 England players – past and present – involved in this year’s tournament. They include former white-ball captain Jos Buttler, fast bowler Jofra Archer and all-rounder Jacob Bethell.
IPL matches have been staged outside India before, with the 2009 edition held in South Africa following an attack on the Sri Lankan national side in Lahore in Pakistan, while the 2020 and second half of the 2021 seasons were staged in the United Arab Emirates during the Covid-19 pandemic.
A Memorandum of Understanding (MoU) between the National Centre for Good Governance of India (NCGG) and Sri Lanka Institute of Development Administration (SLIDA) was signed during the State Visit of President of Sri Lanka, H.E. Anura Kumara Disanayaka to India in December 2024 for training and capacity building of 1500 Sri Lankan civil service officers over a period of five years.
The first program under the MoU was successfully held at NCGG from 21 April to 02 May 2025, and was attended by 41 officers. Based on the request of the Government of Sri Lanka, the theme of the program was ‘digitization in governance’. The program featured a series of sessions focused on key areas such as digital service delivery, digital public infrastructure, financial inclusion through digital payments, and innovations in public grievance redressal systems. Senior officials and domain experts delivered presentations on flagship Indian initiatives in the digital domain, including Ayushman Bharat Digital Mission, e-Office, GeM, Aadhaar, PM Gati Shakti, among others.
At an interaction session with participants in the inaugural program organized on 08 May 2025 at SLIDA, the High Commissioner of India to Sri Lanka, H.E. Santosh Jha underscored that capacity building is an important pillar of the development cooperation between the two countries, with Sri Lanka being among the largest recipients of scholarships and capacity building initiatives offered by India. He highlighted that, demonstrating India’s continued commitment to enhancing capacity-building opportunities for Sri Lankans, Prime Minister of India had announced additional training avenues to 700 Sri Lankan citizens annually during his recent State visit. In that context, the High Commissioner said that the participants in the first NCGG-SLIDA programme also represented the first set of Sri Lankan nationals to receive training as part of the significantly enhanced capacity-building endeavour of India that will now benefit 1000 Sri Lankans annually.
The interaction session was also attended by Secretary, Ministry of Public Administration, Provincial Councils and Local Government, Mr S. Aloka Bandara; Director General of SLIDA, Mr A.V. Janadara; senior officials and faculty members of SLIDA; among others.
In view of the highly positive feedback from the participants in the inaugural NCGG-SLIDA program, based on request from SLIDA, a second program on the same theme under the MoU is now being planned for another batch of around 40 officers for early June 2025.