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LATEST NEWS
The Free Trade Zone Manufacturers’ Association (FTZMA) held a productive meeting with the Director General of the Board of Investment (BOI) on Friday, 27th June, to discuss several critical issues impacting our member companies, as well as broader matters of mutual interest.
Representatives from Plan Lipids Lanka, Stay Naturals, and Verger Naturals actively participated in the discussion, highlighting key operational challenges and offering suggestions for solutions.
FTZMA remains committed to advocating on behalf of its members and ensuring continued dialogue with key government stakeholders to strengthen the investment and manufacturing environment in Sri Lanka.
The Education Sub-Committee of FTZMA had organized 2nd EDU program on Workplace Ethics, conducted by well renowned lecture Mr. Mohan Palliyaguru
With a view to create a culture in which employees of BOI companies can trust each other to do the right thing, which leads to a happier work environment
and also enables enterprises to recruit and retain ethical employees. The resource personnel Mr. Mohan Palliyaguru is addressing the participants.
FTZMA chairman Dhammika Fernando was addressing the audience by welcoming the participants and well as the resource personnel just before the program
was started.
On 5th June 2025, FTZMA, in collaboration with Sri Lanka Customs, organized an awareness session at the BOI Auditorium in Katunayake Export Processing Zone (KEPZ). The event was aimed at educating BOI companies about key customs regulations, procedures, and compliance initiatives to facilitate legitimate trade.
The session focused on three core topics, with special emphasis on the Authorized Economic Operator (AEO) program—one of Sri Lanka Customs' flagship trade facilitation initiatives. This program recognizes companies, particularly those operating under the BOI, as secure and trusted partners in the global supply chain when they demonstrate a strong commitment to transparency, security, and regulatory compliance.
The session drew significant interest, with over 150 participants attending from both FTZMA member companies and non-member organizations, reflecting the industry's growing interest in regulatory awareness and trade facilitation.
FTZMA extends its appreciation to Sri Lanka Customs for their support and commitment to strengthening partnerships with the private sector.
On 4th June 2025, the Free Trade Zone Manufacturers’ Association (FTZMA) hosted a warm and memorable felicitation ceremony for Mr. M.K.D. Lawrence, who will retire from his role as Executive Director of BOI Zones on 25th June 2025.
The event took place at the elegant “Ridgeways”, Royal Colombo Golf Club, and was attended by 65 representatives from FTZMA member organizations. It was an evening filled with gratitude and appreciation, marking the end of a remarkable chapter in Mr. Lawrence’s professional journey.
To honor his service and dedication, FTZMA also extended invitations to the Director General and Senior Executive Directors of the BOI, whose presence added great value to the occasion.
Mr. Lawrence’s contributions to the BOI and the Free Trade Zones have left a lasting impact, and FTZMA was proud to recognize and celebrate his achievements.
We wish him the very best in his retirement and future endeavors.
The Free Trade Zone Manufacturers’ Association (FTZMA) successfully held its first member gathering on Thursday, May 29th, at the Main Ballroom of Kingsbury, Colombo, starting at 6:30 PM.
The event brought together a dynamic group of FTZMA members, offering a valuable opportunity to network, share ideas, and strengthen professional relationships. A special thanks goes to FEDEX, one of the world's largest express transportation companies, for generously sponsoring the event and supporting our community’s collaborative efforts.
The evening was marked by engaging conversations, a spirit of unity, and a clear vision for our shared future. The highlight of the event was a heartfelt vote of thanks delivered by our Chairman, Mr. Dhammika Fernando, expressing gratitude to all attendees and supporters.
We look forward to many more gatherings that foster meaningful connections and drive collective success.
The foundation stone for the Abdeen Children Day Care & Learning Centre at Katunayake Export Processing Zone (KEPZ) was ceremoniously laid on April 10th at 8:30 AM. The event was graced by distinguished guests including Ms. Renuka Weerakoon, Director General of BOI; Mr. Fazal Abdeen, Managing Director of ATG Group; Mr. M.K.D. Lawrance, Executive Director – Zones, BOI; and Mr. Dhammika Fernando, Chairman of FTZMA. This marks a significant milestone in promoting child care and education facilities within the zone.
The risk of factory closures, job losses, and declining foreign investment looms large. FTZMA, representing over 300 enterprises in Sri Lanka’s Free Trade Zones, has already convened an emergency session to explore protective measures.
FTZMA’s Strategic Recommendations
To address this economic challenge and ensure long-term trade stability, FTZMA urges the Sri Lankan Government to act swiftly, strategically, and wisely. Proposed actions include:
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Reciprocal Tariff Reductions: Negotiate mutual tariff relief with the U.S.
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Comprehensive U.S.-Sri Lanka FTA: Establish long-term, fair trade agreements.
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Increase Imports from the U.S.: Especially raw materials to balance trade.
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Diversify Export Markets: Reduce dependency on the U.S. by expanding to EU, ASEAN, and South Asia.
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Strengthen Domestic Competitiveness: Invest in technology and sustainability.
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Leverage GSP Benefits: Pursue special concessions under the Generalized System of Preferences.
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Public-Private Collaboration: Align government policies with private sector strategies.
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Attract U.S. Investment: Offer incentives for American companies to invest in Sri Lanka.
As the global trade landscape evolves, FTZMA stands at the forefront—leading the charge to safeguard Sri Lanka’s export sector and economic stability. The time to act is now.
In response to a sweeping 44% reciprocal tariff introduced by former U.S. President Donald Trump, the Free Trade Zone Manufacturers Association (FTZMA) warns of significant economic repercussions for Sri Lanka’s export-driven industries.
FTZMA Chairman Mr. Dhammika Fernando emphasized that Sri Lanka—despite being a non-aggressor in the global trade conflict—now faces an unprecedented threat to its key export sectors including apparel, tea, rubber, gloves, tyres, coconut products, cinnamon, and gem & jewellery.
Impact on Sri Lanka's Economy
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Apparel Industry: Accounts for ~56% of industrial exports to the U.S.
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Tea Industry: Contributes ~9% of U.S. exports.
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Glove Exports: Third-largest commodity to the U.S., around 5%.
The Free Trade Zone Manufacturers Association (FTZMA) successfully held its 44th Annual General Meeting (AGM) on Friday, 28th March 2025, at Barnes, Jetwing Colombo Seven. The event commenced at 5:30 PM with the participation of esteemed members and distinguished guests.
Mr. Dhammika Fernando, Director of Tropical Findings (Pvt) Ltd, was re-elected as Chairman of the Association for the 2025/2026 term. Mr. M.H.Z.M. Marzook, Director of Filotex Lanka (Pvt) Ltd, was appointed as General Secretary. The Vice Chairmanship was assumed by Mr. Fazal Abdeen, Managing Director of ATG Ceylon (Pvt) Ltd, and Mr. Nishantha Bakmeege, Director of Screenline Holdings (Pvt) Ltd. Mr. Manjula Mahadanaarchchi, CEO of Lalan Rubbers (Pvt) Ltd, was re-elected as Honorary Treasurer.
The AGM was honoured by the presence of Minister of Foreign Affairs & Tourism, Mr. Vijitha Herath, who attended as the Chief Guest. Adding further prestige to the event were the Guests of Honour — Mr. Kenji Ohashi, Head of Economic Cooperation at the Embassy of Japan in Sri Lanka, and Mr. Hiroki Oi, Sri Lanka Representative of the Japan External Trade Organization (JETRO). Their participation highlighted the importance of strengthening international cooperation to enhance Sri Lanka’s trade and manufacturing sectors.
The 44th AGM reaffirmed FTZMA’s steadfast commitment to supporting the growth of manufacturers operating in Sri Lanka’s free trade zones. The Association continues to champion initiatives that drive economic progress, improve export competitiveness, and cultivate valuable partnerships both locally and globally.
A Training Program on " The Gen Z Advantage: Bridging Generational Gaps in your Workplace" was conducted by EDU committee of FTZMA to its member companies at FTZMA auditorium. There had been 65 participants attended to this program with lots of enthusiasm and energy.
The Free Trade Zone Manufacturers Association (FTZMA) conducted its 44th Annual General Meeting on 28th March 2025 at Barnes, Jetwing Colombo Seven, commencing at 5:30 PM.
New Leadership for 2025/2026
We are pleased to announce the elected office bearers for the upcoming term:
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Chairman – Dhammika Fernando (Director, Tropical Findings Pvt Ltd) (Re-elected)
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General Secretary – M.H.Z.M. Marzook (Director, Filotex Lanka Pvt Ltd) (Newly elected)
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Vice Chairmen – Fazal Abdeen (Managing Director, ATG Ceylon Pvt Ltd) & Nishantha Bakmeege (Director, Screenline Holdings Pvt Ltd)
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Honorary Treasurer – Manjula Mahadanaarchchi (CEO, Lalan Rubbers Pvt Ltd) (Re-elected)
Distinguished Guests
The event was graced by Hon. Minister of Foreign Affairs & Tourism, Vijitha Herath, who attended as the Chief Guest. Mr. Kenji OHASHI, Head of Economic Cooperation at the Japanese Embassy of Sri Lanka, and Mr. Hiroki Oi, Sri Lanka Representative for JETRO (Japan External Trade Organization), attended as Guests of Honour.
A Strong Future Ahead
FTZMA remains committed to driving the growth of the manufacturing sector, strengthening industry collaboration, and fostering global partnerships. We extend our gratitude to all members for their participation and continued support.
For more updates and upcoming events, stay connected with FTZMA.
#FTZMA #AGM2025 #Leadership #Manufacturing #SriLanka #GlobalPartnerships
Download Annual Report Year 2024-2025 >
The FTZMA Dinner Dance 2025 was a night of Arabian-themed elegance, bringing together an incredible crowd for an evening of celebration. With electrifying entertainment by Doctor & Lunudehi, guests enjoyed a spectacular night filled with music, dance, and unforgettable moments.
📸 Check out the event highlights here: [Facebook Album Link]
Step into a world of mystique and enchantment at the Arabian Nights Dinner Dance hosted by the Free Trade Zone Manufacturers' Association (FTZMA)! 🌙✨ Join us on Saturday, 1st March 2025, at the Lumina Ballroom, Cinnamon Life, for an unforgettable evening of live entertainment, mesmerizing performances, and a grand celebration.
Enjoy an exclusive performance by Doctor & Lunudehi, indulge in a night of music, dance, and Arabian-inspired elegance.
📅 Date: 1st March 2025
🕗 Time: 8:00 p.m. onwards
📍 Venue: Lumina Ballroom, Cinnamon Life
🎟️ Ticket Price: Rs. 20,000/=
📌 Dress Code: Theme/Lounge
Don't miss out on this magical night—reserve your tickets now!
Our member company– Amsafe Bridport had a formal groundbreaking ceremony of their new company Shield Restraint Systems (Pvt) Ltd worth of $8.5 million investment today in Wathupitiwala Zone with the presence of US Ambassador – Ms. Julie Chung. This will create nearly 500 new job opportunities for our countrymen thereby contributing to the nation's progress and prosperity.
This investment is a key pillar in Amsafe’s strategy to consolidate and strengthen its manufacturing base in Sri Lanka with a strategic partnership with their US partner thereby enduring a strong friendship between the United States and Sri Lanka in the years to come.
Heartiest Congratulations from FTZMA!
On October 23, 2024, the Free Trade Zone Manufacturers Association (FTZMA), in collaboration with KPMG, organized an awareness session at the FTZMA auditorium. This session focused on addressing current tax challenges specifically relevant to Board of Investment (BOI) companies. The event saw active participation, with 77 attendees representing 40 member companies.
The forum provided valuable insights into recent tax developments, equipping members with practical knowledge to navigate the evolving tax landscape effectively.
The Ministry of Health, Sri Lanka, has issued an important circular addressing the recent rise in mpox cases and the WHO's declaration of a Public Health Emergency of International Concern (PHEIC). The circular provides detailed guidelines on surveillance, notification, investigation, and laboratory testing to prevent the spread of mpox in Sri Lanka.
Healthcare professionals and relevant authorities are urged to review and implement these guidelines promptly.
Download the Ministry of Health Circular PDF for comprehensive information on the recommended measures and protocols.
Furthermore, please refer to the link below for the latest directives issued by the Ministry of Health (MOH) regarding mpox in Sri Lanka.
Crystal Martin Ceylon Pvt Ltd, one of our esteemed member companies, has successfully installed the 4th Ocean Strainer in the Kadolekele Church Road Canal. This initiative is part of their ongoing commitment to environmental sustainability and ocean conservation. The Ocean Strainer plays a crucial role in capturing plastic waste and other debris, preventing it from flowing into the ocean, and contributing to the preservation of marine ecosystems.
We are pleased to inform the installation of 5th Ocean strainer was held on last Friday the 16th at NARA Canal in Negombo sponsored by our member company – M/S Calico Color Pvt Ltd with the patronage of is Chairman Mr. Prabath Gunasekera.
FTZMA met the Chairman and two senior officials of SLPA at SLPA headquarters, Colombo to discuss challenges being faced by its members when clearing IMP & EXP cargo through port of Colombo.
We are happy to announce the installation of 3rd Ocean strainer today sponsored by our member AMSAFE BRIDPORT (Pvt) Ltd, Wathupitiwala !! Thank you for your philanthropic spirit and the love for our habitat Chandani, the Board and the in esters of ABPL !!!
The Free Trade Zone Manufacturers Association (FTZMA) recently held a significant meeting with the Director General and high-ranking officials of Sri Lanka Customs. The agenda centered on addressing critical issues faced by Board of Investment (BOI) enterprises, particularly the prolonged delays in cargo clearance. The discussions aimed at finding effective solutions to streamline the clearance process, ensuring smoother operations and reducing the impact of these delays on business activities.
Hirdaramani Group, a leader in apparel manufacturing and sustainability, announces its latest milestone in advancing sustainable apparel production with a significant LKR 10 billion investment in a cutting-edge new textile mill, ‘Mihila Tex’ in Pannala, Sri Lanka.
Dipped Products accelerates global expansion with launch of marketing office in India - Congratulations to our member company - Dipped Products accelerates global expansion with launch of marketing office in India. Dipped Products PLC (DPL), a global leader in the manufacturing of high-quality gloves and a subsidiary of Hayley's PLC yesterday announced the opening of its dedicated sales and marketing office in Mumbai, India.
A wine Tasting session was arranged by the chairman of FTZMA at Park Street Wines, 11C, Poruthota Road, Ethukala, Negombo on 19.07.2024.
A workshop on “Time & Task Management" was conducted by FTZMA for all BOI companies located in KEPZ and near to KEPZ on 11th July at FTZMA auditorium. Resource person was Mr. Darshana Amarasinghe of Life Skills Academy Sri Lanka
43rd Annual General Meeting of FTZMA was successfully held at Courtyard by Marriott on 28th March 2024. Mr. Dhammika Fernando – Director of Tropical Finding Pvt Ltd was re-elected as the Chairman for term 2024/2025. The High Commissioner of Malaysia to Sri Lanka H.E. Badli Hisham Adam was the chief guest at the AGM while The Director General of Board of Investment of Sri Lanka Mrs. Renuka Weerakoon was the guest of honor.
One of our member companies - Lanka Special Steels Limited (Lanka SSL), Sri Lanka’s leading manufacturer of galvanized steel wire, inaugurated their Hyderabad office along with their international product lines ‘Lanka Special Steels Poultry 300’ and ‘Lanka Special Steels Premium 100’. Their high-quality products aim to attract business in the poultry and fencing sectors of India.
Utilizing high-quality raw materials from reputed suppliers like JSW Steel, TATA Steel, and Hindustan Zinc, Lanka SSL ensures top-notch finished products. Their galvanized steel wires are manufactured in a state-of-the-art facility with a capacity of 30,000Mt per annum. It also has a 25-year service life guarantee at its best conditions. Lanka SSL is owned by E.B. Creasy Group.
FTZMA together with MAS Foundation for change have inaugurated the first OCEAN STRAINER project on 24th January 2024 at Negombo main waterways in the heart of the city! This project was fully sponsored with FTZMA funds and implemented in collaboration with the MAS Foundation, Negombo Municipality and the District Waste Management Authority! Though This is a small step this landmark project will help environment by straining plastics and micro plastics from polluting oceans and waterbodies ,It will help saving marine life and its habitats, it will also prevent the micro plastics from ending up in the bodies of people, animals and plants. FTZMA has originally planned for two of its kind and would in future solicit its member support for the 2nd one.
Congratulations to our member company - Teejay who receives Eco-Label Sri Lanka Certification Pioneering Environmental Sustainability in Textile Manufacturing. This certification provide consumers with assurance that the certified products or services have undergone rigorous environmental assessment and meet high sustainability standards.
Mr. Shan Yahampath, CEO - BrainHR (Pvt) Ltd | Brain Business and Technologies (Pvt) Ltd Executive Director - Freedom Analytica and an Advisor to the incumbent Minister of Labour and Foreign Employment has conducted this awareness session on 29th February2024 at Amagi Aria, Kurana, Negombo.Target audience was MDs, CEOs, CFOs, GMs & HRMs and 65 participants from member companies have attended this session.
The secretariat at KEPZ has received a new pantry donated by its member company – Lispo Pvt Ltd thereby giving a lasting difference to the secretariat.