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Sunday, January 25, 2026

Northern Investment Summit 2026

Northern Investment Summit 2026 ends with high focus on key sectors

Sri Lanka, Jan. 23 -- The Northern Investment Summit 2026 (NIS26), aimed at promoting domestic and foreign investment in Sri Lanka's Northern Province, concluded on January 22 at the Thiruvalluvar Cultural Centre, Jaffna, following a two-day programme held on January 21 and 22.

Organised by The Management Club (TMC) Sri Lanka, the summit focused on highlighting investment opportunities in key sectors including agriculture and fisheries, tourism, education and information technology, and renewable energy, with the objective of increasing the Northern Province's contribution to the national economy while generating employment and encouraging youth and women entrepreneurship.

The inaugural session was attended by Minister of Industry and Entrepreneurship Development Sunil Handunnetti, Minister of Fisheries, Aquatic and Ocean Resources Ramalingam Chandrasekar, Prime Minister's Secretary G. A. Saputhanthri, Finance Ministry Secretary Harshana Suriyapperuma, Indian Consul General in Jaffna Sai Murali, Northern Province Governor N. Vedanayahan, Members of Parliament, senior government officials, diplomatic representatives, and a large number of local and foreign investors.

Several state institutions including the Board of Investment, Export Development Board, Tourism Promotion Bureau, National Enterprise Development Authority, and the Northern Provincial Council participated in the summit, alongside representatives from foreign missions and private sector stakeholders.

The summit is considered significant as it marked the first large-scale, structured investment forum held in the Northern Province since the end of the conflict, signalling renewed efforts to integrate the region into national and international investment frameworks amid Sri Lanka's broader economic recovery process.

 Northern Investment Summit 2026: Turning vision into action

FT Tuesday, 30 December 2025 

Meeting with Northern Province Governor N. Vethanayagan  

The Management Club (TMC) is set to ignite a new chapter of economic transformation with the Northern Investment Summit 2026 (NIS26), taking place on 21 and 22 January 2026 at the iconic Thiruvalluvar Cultural Centre. Held under the powerful theme “Empowering Growth, Insightful Innovations,” the summit promises to be more than a conference—it will be a catalyst for bold ideas, strategic partnerships, and long-term investment in Sri Lanka’s Northern Province.

Designed as a high-impact platform, NIS26 will bring together Government leaders, business pioneers, global and diaspora investors, development agencies, and academia to unlock the region’s vast yet underexplored potential. With the Northern Province currently contributing just 4.5% to national GDP, the summit aims to transform untapped opportunity into inclusive growth—benefiting not only the North, but the entire nation.

In an interview with Siyatha TV, TMC Immediate Past President and NIS26 Project Chairman Indhra Kaushal Rajapaksa described the summit as a landmark initiative—the first time a private-sector institution has taken the lead in a regional development agenda of this scale. The idea was sparked by TMC’s dynamic Jaffna branch, established during his presidency and comprising professors, senior bankers, and professionals committed to accelerating regional progress.


Meeting with Industry and Entrepreneurship Deputy Minister Chathuranga Abeysinghe

Momentum intensified through high-level engagement with key stakeholders. A pivotal milestone was the meeting with the Consulate General of India in Jaffna, where Consul General of India Shri Sai Murali S., expressed strong and enthusiastic support for the summit. His active involvement was instrumental in securing the Thiruvalluvar Cultural Centre as the prestigious venue for NIS26—underscoring the depth of Indo-Sri Lankan collaboration and the confidence of regional partners in the summit’s vision.

A defining moment in the summit’s journey was a high-impact hybrid consultative meeting chaired by the Northern Province Governor N. Vethanayagan, which brought together an unprecedented cross-section of stakeholders committed to the region’s development. The session saw physical participation from over 40 institutions and private-sector organisations, alongside virtual engagement from 41 development partners, INGOs, overseas investors, and local private investors. This inclusive and future-focused dialogue enabled open exchange of ideas, alignment of priorities, and collective ownership of the Northern development agenda. The strong turnout and depth of engagement underscored growing confidence in the Northern Province as a credible, investment-ready destination and reaffirmed the shared resolve to convert strategy into action through the Northern Investment Summit 2026.

What began as a bold proposal quickly gained momentum. With strong backing from the Ministry of Industry, Ministry of Finance, Board of Investment (BOI), Export Development Board (EDB) and several other State institutions, NIS26 has evolved into a nationally endorsed public–private collaboration, where TMC acts as facilitator.

To ensure credibility and readiness, TMC undertook an extensive consultative process across all five districts of the Northern Province. With the support of the Governor, district secretaries, and institutions such as the Industrial Development Board (IDB) and National Enterprise Development Authority (NEDA), district-level data was captured using a standardised framework.

TMC’s knowledge partner KPMG is now consolidating this intelligence into five district-specific, investment-ready proposals, which will be unveiled to local, international, and expatriate investors. These proposals represent real, bankable opportunities—carefully vetted and aligned with national development priorities.


Meeting with Consulate General of India in Jaffna Shri Sai Murali S.

NIS26 focuses on four strategic pillars that define the future of the Northern Province:

  • Agriculture and Fisheries – unlocking value through sustainable aquaculture, sea cucumber and seaweed farming, and Agri-innovation 
  • Education and IT – positioning the North as Sri Lanka’s next IT and knowledge hub
  • Tourism – developing authentic, high-value tourism rooted in culture, heritage, and nature
  • Energy – accelerating renewable and sustainable energy solutions
These are strengthened by SMEs and startup ecosystems, empowering local entrepreneurs and connecting them to global markets.

Infrastructure has emerged as the single most critical enabler. TMC has actively advocated for enhanced air, land, and rail connectivity, including expansion plans for Jaffna International Airport, a dedicated container rail line, and a central logistics hub. Resolving these bottlenecks is expected to unlock a surge of interest—particularly from India and the wider region.


Signing MoU with Lions District 306 D12

Equally vital is policy innovation. Rajapaksa emphasised the need for a special incentive scheme for the Northern Province, supported by Public-Private Partnerships (PPPs), to accelerate investment while easing fiscal pressures on the State.

NIS26 has already attracted strong institutional and private-sector support. HNB has come on board as the official banking partner, alongside key partners such as the International Distillers Ltd. (IDL), National Enterprise Development Authority (NEDA), Industrial Investment Board (IDB), National Chamber of Exporters (NCE), Staff and Education development Association (SEDA), and international business councils. Further strengthening community and social impact, an MoU has been signed with the Lions District 306 D12, reflecting broad-based support for inclusive development.

International outreach continues to build momentum, with MoUs signed with organisations such as the Australia Sri Lanka Business Council and growing engagement from global investor networks.

As envisaged by NCE Secretary General/CEO Shiham Marikar, the summit will serve as a vital economic bridge—integrating the Northern Province more closely with national and international value chains.

With the NIS26 website live (https://summit.mhstaging2.com/), registrations open, and investor inquiries already flowing in, the summit is poised to unlock a robust investment pipeline over the next three to five years

An invitation to invest, collaborate, and co-create the future of the Northern Province.

Local and international investors, regional industrialists, the Sri Lankan expatriate community, policymakers, and innovators are invited to join this landmark initiative and be part of a story where vision becomes opportunity, and opportunity becomes national progress.

Govt. moves to appease monks

Stirring the racial pot

A presidential statement at a Thaipongal ceremony in Jaffna last week has made waves in the south, many perplexed by what exactly the message was that he was trying to convey.


On plain listening, it seemed to target those whom he said were aiming to fan the communal flames using pilgrims from the south to the north, meaning Buddhists, to sow ‘harvest hatred’. Waving his finger as he is wont to do when stressing a point, either in Parliament or outside, he stressed he would never allow racism to raise its ugly head again.


“Why,” he asked, “do these pilgrims pass all the Buddhist places of worship in the south to perform religious observances in the north – if not in hatred?” It was an astounding remark to make unless he had some definitive prima facie information – which if he did have, making it public would have helped clarify his point. He added that he has asked the intelligence services to investigate all of this as well. Otherwise, whether he was basing his comment on some political advice was not clear.


In the absence of it all, it has led to questions about the motive for the statement, also raising the question if, correspondingly, it would apply to Sri Lankan citizens from the north who make regular pilgrimages to the south, as far as the Hambantota district – and if this is the antithesis to the government’s call for communal amity by dividing the north and south by an artificial border.


The use – or abuse – of religious extremism can be a deadly cocktail, and clearly there is a need to keep it in check. External elements are capable of exploiting religion and communal tensions towards their own ends, as is public knowledge. These can be done overtly or covertly, as in cases like the Easter Sunday attacks of 2019, through the internet.


The recent incident in Trincomalee where Buddhist monks were arrested for violating a coast conservation law almost erupted into a racial issue in the multi-ethnic district. While all are equal before the law, the over-enthusiasm of the police has now resulted in a clash with the Attorney General – something that has spread into a tussle between the two law enforcement agencies. This week’s demonstration and counter-demonstration at Hulftsdorp for and against the Attorney General received a strong missive from the Bar Association about the rule of law in this country.


The government’s silence was deafening, making the AG take sides, compromising his independence.

From the early days in office, the Government’s displeasure with the Attorney General’s office has been made public, and they floated the idea of an Independent Prosecutor’s Office, which even received traction with foreign governments, which felt there was little progress in human rights prosecutions.


They better think again about their stance if they can see what is behind the Government’s move.


The Global South was right


As the President was making waves in Jaffna with his speech, the US President was making tidal waves with his own version of the global order and turning himself into an ‘unnatural disaster’ for the world in the process.


He doubled down on his threat to take over “a block of ice”, as he called Greenland, making insulting and unpresidential comments to all his European allies and the US-Europe alliance itself. European leaders, whom he condescendingly treats like, well, dirt, must surely be thinking, ‘With friends like this…we may be better off with erstwhile foes like China and even the Global South.’


The US President had already set the stage for the crash of the much-acclaimed Davos Economic Forum with his steady onslaught on the current international system – the unilateral incursion into Venezuela, threats to take over Canada, belittling NATO, arbitrary tariffs and finally the unthinkable – a bid to acquire Greenland.


The Canadian Prime Minister, who is just next door to the US, is clearly shivering more than he should be in the winter cold of the Swiss Alps, where past enthusiasm for global economic cooperation, trust and partnership has been replaced by the present malaise over the imminent demise of the so-called ‘rules-based world order’, to which he delivered the requiem.


His speech hit the headlines for announcing the end of the US-led postwar hegemony, the “rupture” between the US and Europe, and the way forward for the ‘Middle Powers’ in a future international system. Clearly, Canada and its Western allies in the Global North are looking for survival in a world after Pax Americana.


“In a world of great power rivalry, the countries in between have a choice: compete with each other for favour or combine to create a third path with impact,” the Canadian PM told Davos. His description of Europe’s current predicament is hauntingly reminiscent of another transition in the global system: the post-colonial moment which gave rise to the Third World and the Non-Aligned Movement, antecedents of the Global South.


He conceded the North’s own complicity in the rhetorical shield of the ‘rules-based order’ as a value-coated cover to impose the will of the powerful states, under which he says countries like Canada prospered for decades. Canada’s recent actions showing scant respect for the sovereignty of Sri Lanka and India by supporting separatist groups like the LTTE and the Khalistanis for vote-base politics are a textbook case. He adds that they knew this order was “partially false”.


That is what the Global South has long been complaining of. The South had declared the Emperor naked many decades earlier – the selective, politicised double standards of this order fell on deaf ears. A new reality has set in for those who cynically benefitted from the old world order to their advantage.

There is no better contemporary example than the lack of accountability for the tragedy of Gaza – and the recent events in Venezuela.


Ironically, it is only now that the Global North, especially Europe, rediscovers the value and mutual respect embedded in the principles of sovereignty, self-determination and the sovereign equality of states – central to Global South thinking since its inception.


The US President is making Europe dance with his decision-making, depending on which side of the bed he gets off in the morning.


‘For whom the bells toll, it tolls for thee.’ Though not explicitly stated in those terms, let Davos 2026 be the year where the Global North recognises the worldview of the Global South, the Non-Aligned Movement of yesteryear, as the grizzly bear and the horned dragon watch smiling from their respective capitals.


Bring on the investments, Vijitha tells diaspora



The Northern Investment Summit 2026 was held this week, where members of the Tamil diaspora attended in large numbers with pledges to invest in projects for the long-term development of Northern Sri Lanka. It brought together government, business, and academia.


As part of the investments, the groundbreaking ceremony of the AUREUM luxury hotel complex under an investment of Luxembourg, which was delayed due to the COVID-19 pandemic, was held. Foreign Affairs and Tourism Minister Vijitha Herath, who attended the event, invited Sri Lankan expatriates to bring in new investment into the tourism industry, citing the country now has both economic and political stability.

Govt. moves to appease monks, but opposition too scrambles to assist temples


Following criticism of President Anura Kumara Dissanayake by Buddhist monks as well as others for his remarks in Jaffna last week, where he said those gathering every full moon (Poya) day at certain disputed sites in the North were driven not by devoutness but by hatred, the government is keen to win back its detractors over the issue.


As a first step, the President will hold a meeting in Colombo on Monday where he will announce generous funds for the rebuilding of over 1400 temples that were damaged by Cyclone Ditwah. The money for the reconstruction will be disbursed through the respective Divisional Secretariats within the next few days, while the government also plans to assist Buddhist temples that are in need of repairs.


It seems, however, it’s not only that government that is keen to assist the temples. Opposition Leader Sajith Premadasa, SLPP MP Namal Rajapaksa and Sarvajana Balaya MP Dilith Jayaweera have all announced they plan to assist the temples affected by the cyclone.





From ABBA to Paudwal, comrades certainly appear to have an ear for music


While the JVP comrades like to keep their private lives under wraps, one thing is clear that some of them at least have an ear for music. 


Soon after taking power in December 2024, the Party’s General Secretary, Tilvin Silva, along with a few others, was seen enjoying an ABBA concert. This week many were in attendance at the concert by the Padma Shri award-winning veteran Bollywood singer Anuradha Paudwal titled ‘Timeless Bollywood Melodies” held at the Nelum Pokuna in Colombo. 


Before the concert, Ms Paudwal, was invited to the JVP head office at Pelawatte, where she was received by Tilvin Silva and presented a token of appreciation.


Delegation of SJB and SLPP members off to Odisha for India Republic Day



At the invitation of the Indian government, a delegation comprising politicians from the Samagi Jana Balawegaya (SJB) and the Sri Lanka Podujana Peramuna (SLPP) is scheduled to depart for the Indian state of Odisha to mark India’s Republic Day on January 26.


The delegation comprises SJB MPs Chitral Fernando, Chamidrini Kiriella, Chatura Galappatti, and Prasad Siriwardena; SLPP MP Namal Rajapaksa, former MPs Indika Anuruddha, Sanjeewa Edirimanna, and Sampath Athukorala; and Political Bureau member Milinda Rajapaksa.


During the visit, the group is set to conduct an observation tour of the Odisha State Disaster Management Authority, recognised as one of the world’s leading disaster management centres. Furthermore, they will participate in a tour of Buddhist archaeological sites dating back to the era of Emperor Ashoka.


A discussion regarding this visit was held recently at the official residence of the Indian High Commissioner.


This follows a tour of the judges to India.

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