Sustainable energy transition emerging as key driver of industrial competitiveness
Sri Lanka, July 16 -- The transition to sustainable energy is increasingly becoming a strategic business priority for Sri Lanka's manufacturing sector, offering companies an opportunity to reduce costs, strengthen energy security and improve long-term competitiveness while lowering carbon emissions.
As global competition intensifies and traditional advantages such as quality and compliance become less distinctive, manufacturers are investing in renewable energy and cleaner production technologies to remain competitive in international markets.
Industry officials note that dependence on imported fossil fuels has exposed businesses to volatile global energy prices, particularly during periods of geopolitical uncertainty. As a result, comp...
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