AHC Group has entered into a strategic partnership with the Asia Africa Chamber of Commerce and Industry (AACCI) by signing a Memorandum of Understanding (MoU), marking a significant step toward strengthening international trade and investment ties.
The agreement is set to drive investment into key sectors such as agriculture, tourism, import and export, real estate, and geology and mining. It is also expected to create meaningful employment opportunities, supporting Sri Lanka’s broader economic growth and development.
The MoU was signed recently at the Heritance Hotel in Negombo by Dr. Nalaka Silva, Chairman of AHC Group, Co-Founder of the International Chamber of Agricultural Plantation Industry and Farmer Producer Organization (ICAPIFPO), and Ambassador of Peace, together with Dr. G.D. Singh, President of AACCI.
Dr. Nalaka Silva highlighted AHC Group’s continued contribution to advancing Sri Lanka’s agricultural sector through innovative and sustainable initiatives. One of its flagship programmes, the vermicompost organic fertilizer project, has gained strong acceptance among vegetable, fruit, and flower growers across the country.
Further strengthening its commitment to agricultural productivity, the Group has also launched large-scale seed paddy cultivation across nearly 1,000 acres in the Tissamaharama and Ampara regions. This initiative aims to support local farmers while enhancing national food security.
He also extended an open invitation to the public to explore AHC Group’s investment opportunities, emphasizing the company’s focus on transparency, trust, and long-term value creation.
Expressing confidence in the partnership, he noted that the collaboration with AACCI is expected to unlock significant economic benefits for Sri Lanka while fostering stronger international business connections.
In line with this vision, AHC Group and ICAPIFPO are preparing to host a major international workshop and conference in Sri Lanka this August. The event, organised by the Global India Business Forum (GIBF) in association with ICAPIFPO and AHC Group, is expected to attract global business leaders, industry experts, ambassadors, high commissioners, and professionals from more than 25 countries.
The Asian Development Bank (ADB) launches fact-finding mission to evaluate progress of NEDP 2026–2030
The Sri Lanka Export Development Board (EDB), in collaboration with the Asian Development Bank (ADB), is making steady progress in formulating the National Export Development Plan (NEDP) for 2026–2030. This strategic initiative aims to position Sri Lanka on a path of sustained export-led growth, in line with the Government’s vision of “A Thriving Nation – A Beautiful Life.”
As part of this effort, an ADB fact-finding mission under the Trade, Investment, and Industry Development Policy-Based Lending (PBL) Programme (Subprogramme 1) visited Sri Lanka from 27 to 30 April 2026. A key meeting was held on 27 April at the EDB, where the ADB delegation met with the Chairman, Chief Executive Officer, and senior management. The mission, led by Kanupriya Gupta, Senior Public Sector Economist, reviewed the current status of the NEDP and discussed the way forward for its effective implementation.
Discussions focused on several priority areas, including the status of Cabinet approval and the official launch of the NEDP, identifying technical assistance required from ADB for implementation under Subprogramme 2, and agreeing on immediate next steps to ensure a smooth rollout.
ADB’s involvement falls under its Policy-Based Lending (PBL) programme, implemented in close collaboration with the Ministry of Industry and Entrepreneurship Development. The programme is designed to support policy reforms and institutional strengthening, with a focus on enhancing trade competitiveness and diversifying export markets.
Both parties also deliberated on key elements of the NEDP implementation framework, including the establishment of a high-level NEDP Steering Committee, the creation of a dedicated Project Management Unit (PMU), and the development of a robust monitoring and reporting system to effectively track progress and outcomes.
AHC Group and the Asia Africa Chamber have signed a Memorandum of Understanding (MoU) to accelerate multi-sector investment and enhance cross-regional economic collaboration
