Sri Lanka’s Focus on Export Economy Manufacturing Highlighted at COMPLAST 2023

 



 

 

Colombo, Sri Lanka – August 25th, 2023 – Sri Lanka’s steadfast commitment to strengthening its export-oriented economy through manufacturing is taking center stage at the 7th edition of the Complete Plastics Exhibition (COMPLAST 2023). The highly anticipated event is currently underway from August 25th to 27th, 2023, at the prestigious Bandaranaike Memorial International Conference Hall (BMICH) Colombo’s. The collaboration between the Plastics and Rubber Institute of Sri Lanka (PRISL), Smart Expos, and the Industrial Development Board has culminated in the successful realization of COMPLAST 2023. This unprecedented partnership underscores the collective efforts of these organizations to invigorate Sri Lanka’s industrial growth and enhance its global manufacturing footprint.

Under the theme “Shaping Innovation, Powering Progress,” the inauguration was presided over by Dr. Ramesh Pathirana, the Minister of Industries & Plantation Industries, signifying the country’s unwavering focus on industrial advancement. The opening ceremony features esteemed luminaries and dignitaries, with Dr. Satyanjal Pandey, the Deputy High Commissioner of India for Sri Lanka, gracing the occasion as the Special Guest of Honour. Dr. Saranga Alahapperuma, Chairman of the Industrial Development Board Sri Lanka, is also participating as the Guest of Honour, reflecting the event’s significance in fostering international collaborations and propelling industrial growth.

Over the course of three impactful days, the event is showcasing five concurrent exhibitions that are propelling the industry’s momentum to unprecedented levels. These exhibitions are:

RUBEXPO 2023: The 4th edition of the International Rubber Expo, which is showcasing a wide array of materials, machinery, and products integral to the rubber industry. COMEXPO 2023: The 4th edition of the Complete Manufacturing Expo, aimed at catalyzing the growth of the manufacturing sector by presenting cutting-edge technologies and solutions.TOFAS 2023: The inaugural Tools and Fasteners Expo, dedicated to hardware, tools, and fasteners, crucial components of the manufacturing landscape. MOPEEXPO 2023: Making its debut, the ultimate Motor Parts Expo is featuring spare parts, tires, batteries, and garage equipment. The MOPEEXPO is receiving extensive support from prominent industry associations, including the Sri Lanka Auto Component Manufacturers Association, Chamber of Automobile Professionals and Enterprises, and Lanka Motor Spare Parts Dealer Association.

The event is hosting an impressive roster of participants, surpassing 200 companies, including prominent representations from India, China, and Sri Lanka. The showcase is featuring over 50 Indian companies, 80 Chinese companies, and more than 80 local companies from across Sri Lanka, all of whom are exhibiting their innovative products and solutions.

Reflecting on the event’s significance, B. Swaminathan, CEO of Smart Expos India (Pvt) Ltd, notes, “In these dynamic times, nurturing an export-driven economy is of paramount importance. COMPLAST 2023 serves as an instrumental platform to spotlight Sri Lanka’s manufacturing prowess to a global audience. The event undoubtedly contributes to steering Sri Lanka’s economy towards sustainable growth through exports.”

COMPLAST 2023 is emerging as a landmark event that is bringing together key stakeholders from the manufacturing sector, providing a unique platform for the exchange of ideas, innovation, and exploration.

With robust support from industry leaders, distinguished guests, and enthusiastic participants, COMPLAST 2023 is marking a transformative event that solidifies Sri Lanka’s manufacturing prowess on the global stage.

 



 

 

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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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