Indian business leader urges SL entrepreneurs to tap into India’s rapidly expanding consumer market

At the Sri Lanka Economic and Investment Summit 2026, T. Krishnakumar, CEO of Reliance Consumer Products Ltd, urged Sri Lankan entrepreneurs to capitalize on India's rapidly growing consumer market. Speaking at the Shangri-La Hotel in Colombo, Krishnakumar emphasized that India's expanding middle class offers a significant growth opportunity for Sri Lankan exporters, both of traditional staples and value-added goods.

He highlighted the natural foundation for business collaboration provided by geographical proximity and cultural ties between the two nations.

Krishnakumar drew attention to Reliance Consumer Products' rapid expansion, which reached thousands of employees and billion-dollar metrics. He stressed that successful corporate strategy hinges on disciplined execution, understanding local consumer preferences, and integrating smart technology. While rapid growth is essential, Krishnakumar stressed that businesses must maintain a focus on affordability and consumer trust in their models.

He concluded that pairing regional trade integration with resilient business practices and a stable regulatory environment will be crucial as Sri Lanka transitions towards accelerated economic development. In a subsequent fireside chat, President Anura Kumara Dissanayake noted the government's focus on developing a critical mass of local entrepreneurs capable of engaging with international business counterparts.