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Tea Avenue makes India debut, eyes global expansion

Daily FT

|

August 22, 2025

Tea Avenue to open outlets in Delhi, Mumbai and Bangalore within next 12-18 months Expansion formats to include flagship cafés, kiosks and in-hotel tea stations Tea Avenue to launch retail line in India, including premium teas and gift sets, to complement café operations Sets target of 200+ outlets worldwide by 2035

- BY DIVYA THOTAWATTE

TEA Avenue, Sri Lanka's homegrown premium tea café brand, has announced its entry into India through a partnership with FranGlobal, the international arm of Franchise India Group, as the first step in a global expansion plan that aims to establish more than 200 outlets overseas.

Speaking at the launch event, Tea Avenue Founder and Managing Director Sajeev De Silva described the Indian market as both a personal and strategic priority. “India is one of the biggest tea drinking markets, and for us, it’s the right stepping stone before moving into markets like the UK or Australia. Its café culture is growing fast, and that makes it the best place for us to establish ourselves globally,” he said.

MEER VERHALEN VAN Daily FT

Daily FT

UDA to lease Pettah Floating Market to Japanese investor for $ 160 m

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time to read

1 min

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Daily FT

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Sri Lanka have one more hurdle to clear to reach final

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time to read

2 mins

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Daily FT

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PEOPLE'S Bank has reported a Profit Before Tax (PBT) of Rs. 43.7 September delivering the bestbillion for the nine months ended 30 2025, ever results in the institution's history.

time to read

3 mins

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Daily FT

Sri Lanka must shift from volume to value to unlock full tourism potential: SLTDA Chairman

Highlights value gap and over-tourism pressures

time to read

3 mins

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Daily FT

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President to attend Sri Lanka Economic and Investment Summit 2025 on opening day

PRESIDENT Anura Kumara Dissanayake will attend the Sri Lanka Economic and Investment Summit 2025 on 2 December, during which he will join The Ceylon Chamber of Commerce Vice Chairperson Bingumal Thewarathanthri for an on-stage conversation aligned with the Summit's theme-'Gateway to Growth-Asia's Emerging Opportunity!

time to read

1 min

November 27, 2025

Daily FT

Tourism earnings to undershoot despite arrivals surge

SRI Lanka is bracing for lower-than-expected tourism earnings following a downward revision in the estimated daily spending of visitors by the Sri Lanka Tourism Development Authority (SLTDA), a key metric used to calculate the industry's contribution to the economy.

time to read

2 mins

November 27, 2025

Daily FT

Pent-up demand for vehicle imports stabilises - CBSL

CENTRAL Bank (CBSL) Governor Dr. Nandalal Weerasinghe yesterday said the surge in vehicle imports that followed the lifting of the five-year import suspension has now tapered off, with pent-up demand largely exhausted by November.

time to read

1 min

November 27, 2025

Daily FT

Reserves set to hit post-crisis high in December: CBSL Governor

CENTRAL Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe yesterday said Sri Lanka's gross official reserves are expected to climb to the highest level recorded since the height of the economic crisis by the end of December, whilst expressing confidence that the country will comfortably meet its reserves target under the International Monetary Fund (IMF) program.

time to read

1 mins

November 27, 2025

Daily FT

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Apparel exports maintain momentum, up 6.1% in first 10 months of 2025 - JAAF

THE Joint Apparel Association Forum (JAAF) yesterday said apparel and made-up articles exports for January to October 2025 increased by 6.12% year-on-year (YoY), maintaining steady momentum despite weaker monthly results in October.

time to read

1 min

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Daily FT

CBSL holds policy rates steady

THE Central Bank of Sri Lanka (CBSL) yesterday delivering the sixth and final Monetary Policy Review for 2025 announced that rates would remain unchanged at 7.75%.

time to read

2 mins

November 27, 2025

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