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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

Adani Group gets provisional approval for energy projects in Sri Lanka.

Sri Lanka has granted provisional approval to Adani Green Energy for two wind projects of 286 MW and 234 MW for an... Full Story

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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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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
Adani to build plants in SL, active Indian firms near 1.5 mn.
After decades of relative obscurity as an autonomous body of the Department of Telecommunications, the Centre for Development of Telematics (C-DOT) has emerged as the... Full Story
Adani Ports to develop West Container Terminal at Colombo Port.
Adani Ports and Special Economic Zone Ltd. (APSEZ) will develop the West Container Terminal (WCT) at Colombo Port after the Sri Lankan cabinet recently approved the... Full Story
India announces $450 mn line of credit for infra development in Sri Lanka.
India announced a $400-million line of credit for infrastructure development in Sri Lanka within hours of the arrival of President Gotabhaya Rajapaksa amid domestic upheavals in the... Full Story
Mahindra inaugurates its first automotive assembly plant in Sri Lanka.
Auto major Mahindra & Mahindra (M&M) recently announced the inauguration of its local automotive assembly plant near Colombo, Sri Lanka . "Christened Mahindra Ideal Lanka Pvt. Ltd. this assembly... Full Story