Industry EXPO 2024: International Industry Exhibition set for June 19th-23rd at BMICH
Ada Derana: Minister of Industries and Health, Dr. Ramesh Pathirana, announced that the forthcoming “Industry EXPO 2024” will grace the Bandaranaike Memorial International Conference Hall (BMICH) from June 19th to 23rd, under the patronage of President Ranil Wickremesinghe. Additionally, the minister highlighted the debut of the inaugural international conference alongside the prestigious “Industry Green Awards” ceremony, aimed at fostering a culture of sustainable practices within the industry.
Minister Ramesh Pathirana made these remarks while addressing a media briefing at the Presidential Media Centre (PMC) held yesterday (06) under the theme “Collective Path to a Stable Country”.
He further commented:
Featuring over 1,300 booths representing 25 industries in Sri Lanka, this exhibition promises a glimpse into the forefront of innovation and technology within various sectors. Notably, a dedicated space for innovation has been incorporated into the event, highlighting the strides made in cutting-edge advancements. Anticipating a significant turnout, the exhibition is expected to host numerous foreign buyers and institutions, including the Ministry of Foreign Affairs, Foreign Embassies, and the Department of Commerce, fostering international collaboration and business opportunities.
In a coordinated effort with the upcoming exhibition, a National Vehicle Parade involving over 25 vehicle assembly companies across the country is scheduled to commence from Galle Face ground on June 18th, making its way to the BMICH premises. Simultaneously, the Industry Green Awards Ceremony, recognizing sustainable green industries, will coincide with the inaugural international conference promoting a culture of sustainable industrial development, known as the Green Industry Initiative for Sustainable Industrial Development, on June 20th and 21st at the BMICH.
Throughout the five-day duration of the exhibition, a multitude of programs such as the School Industry Entrepreneurship Circles, IDB Digital One Stop, Ceylon Plaza, Industry Credit Scheme, SEDA Startup, and SEDA Scaleup, facilitated by the Industrial Development Board (IDB), will be actively implemented.
Furthermore, it is important to note the collaborative effort of ministries, public and private institutions in contributing to and participating in this exhibition. Such collective engagement serves as a catalyst for the initiation of manufacturing industries, facilitating the discovery of updated industry knowledge, novel business prospects, as well as attracting new investors and investment opportunities globally.
OSL take:
Sri Lanka’s industries sector has seen a steady growth through the years, even amidst challenging economic conditions. This growth is mainly contributed to the growth in the country’s manufacturing and export sectors. The upcoming exhibition would give a glimpse of the strides taken by the country’s industries sector, the expansion and diversification of the product portfolios. The many trade agreements as well as trade concessions enjoyed with other countries and Sri Lanka’s plan to further expand trade ties have also helped the growth of the country’s manufacturing and export sectors. Realizing the growth and business potential in these sectors, the government of Sri Lanka has set revenue targets for these sectors while engaging in promotional campaigns to attract foreign direct investments to the manufacturing and export sectors. The many incentive schemes offered to foreign businesses/investors interested in doing business with Sri Lanka along with the dedicated industrial zones have given a further boost to the manufacturing and export sectors. Given the growth and business potential in Sri Lanka’s manufacturing and export sectors, foreign businesses/investors could confidently explore the expanding opportunities in the country’s industries sector.