The Coconut Development Authority says Sri Lanka’s coconut export revenue has increased by 21 percent during the first five months of this year compared to the same period last year.

Chairman of the Coconut Development Authority, Shantha Ranatunga said the increase was driven by the adoption of alternative export methods in response to Middle East conflicts that have disrupted key shipping routes.

He noted that exporters were encouraged to use air freight to export coconut and king coconut, helping maintain export volumes despite maritime transport challenges.

Sri Lanka’s leading exporters have endorsed the Government’s ambitious plan to boost exports to $ 36 billion by 2030, but warned that success will hinge on policy consistency, stronger global market access, supply chain reforms, and a decisive shift towards premium, value-added products rather than competing on volume.

Speaking at a panel discussion during the launch of the National Export Development Plan (NEDP) 2026-2030, Dilmah Ceylon Tea Company Chairman Dilhan C. Fernando and CEAT Kelani Holdings Ltd., Managing Director/CEO Ravi Dadlani outlined that Sri Lanka’s export future lies in leveraging quality, sustainability, and innovation rather than attempting to emulate manufacturing giants such as Vietnam and India.

Fernando said the country already possesses most of the ingredients required to achieve the NEDP’s ambitious export targets, but stressed that Sri Lanka must build its strategy around its unique strengths.

“Sri Lanka must recognise that its competitive advantage is different from countries such as Vietnam. Our focus should be on value rather than volume,” he said.

He pointed to products such as Ceylon Tea, Ceylon Cinnamon, and Ceylon Cashew, arguing that the country’s export success will depend on premium positioning, branding, and quality differentiation rather than price competition.

The Asian Development Bank (ADB) has approved a $57.4 million financing package to support Sri Lanka’s efforts to expand access to affordable clean energy and reduce greenhouse gas emissions through an ambitious rooftop solar aggregation and virtual net metering initiative.

The financing package includes a $35 million concessional loan, $16.9 million in grants from the European Union, and $5.5 million from the Japan Fund for the Joint Crediting Mechanism. With additional counterpart funding from implementing agencies, the total estimated project cost stands at $80.5 million.

The Rooftop Solar Aggregation and Virtual Net Metering Project will enable two government-owned utilities, Electricity Distribution Lanka (Private) Limited and Lanka Electricity Company (Private) Limited, to roll out a scalable model that pools electricity generated from large rooftop solar systems and redistributes it virtually to eligible consumers.

This model allows multiple users to benefit from solar power without the need to install rooftop panels individually.