COMPLAST Sri Lanka Exhibition is an annual event that has successfully run for seven editions in Colombo. In 2024, it is set to celebrate its 8th edition from August 30 to September 1, 2024. This event serves as a premier platform for industry stakeholders, including manufacturers, suppliers, traders, and service providers in the plastics and allied industries, to showcase their machinery, products, and services to a diverse audience. The exhibition encompasses a wide range of offerings, from raw materials and machinery to finished products and vital services such as recycling, testing, and certification.
Exhibiting at COMPLAST Sri Lanka opens a unique gateway for international businesses to access the Sri Lankan market, which boasts a population of over 20 million people. Sri Lanka also plays a pivotal role in trade and investment within the South Asian region. Exhibitors from various countries gather to forge connections with potential customers, partners, and suppliers while gaining insights into the latest industry trends and technologies. This platform not only benefits international companies but also provides local businesses with the opportunity to showcase their offerings alongside global counterparts, enhancing their visibility and competitiveness.
The exhibition attracts visitors from diverse sectors, including packaging, automotive, construction, healthcare, and electronics, offering a wide array of business prospects for exhibitors. Beyond the exhibition booths, the event incorporates a series of conferences and seminars focused on the plastics industry. These sessions facilitate knowledge exchange, idea sharing, and the exploration of the latest industry developments and trends. Renowned experts in the field also deliver presentations, providing valuable insights into best practices and growth strategies.
COMPLAST Sri Lanka Exhibition has played a pivotal role in promoting sustainable practices within the plastics and allied industries. This includes advocating for recycling and responsible waste management. The event has also succeeded in attracting foreign investment into the sector, resulting in the establishment of new manufacturing facilities and the creation of job opportunities.
Sri Lanka is experiencing a growing demand for environmentally friendly and sustainable plastic products. It offers a favorable business environment with investor-friendly policies and regulations. The government provides incentives and tax benefits for companies in the plastic industry, making it an attractive destination for investment and exhibition.
Participation in COMPLAST Sri Lanka allows companies to showcase their innovative and eco-friendly solutions, positioning themselves as industry leaders in sustainability. The event's seminars, workshops, and conferences offer exhibitors the opportunity to gain valuable insights and stay updated with industry developments and trends.
With ongoing discussions regarding VOSTRO account trade, the Indian rupee (INR) is poised to become a designated foreign currency for trade settlement between India and Sri Lanka. This development offers exhibitors the chance to expand their business opportunities, particularly with Indian tourists being able to use INR for transactions in Sri Lanka.
Sri Lanka boasts a population of over 21 million people and a rapidly developing economy, making it an attractive market for growth in the plastics industry.
There is an increasing demand for plastics in various sectors, including packaging, construction, healthcare, and consumer goods, driven by urbanization, rising incomes, and evolving consumer preferences.
Sri Lanka's strategic location serves as an ideal gateway to the South Asian and Southeast Asian markets, supported by well-developed port infrastructure and favorable trade agreements with neighboring countries.