National Chamber signs MoU with Lanka Business Ring, Kandy

From left: LBR Treasurer Thusith Samarakoon, LBR Secretary Mohamed Najeeb, LBR Vice President Kithsiri Karunadasa, National Chamber President Nandika Buddhipala, LBR President Pasan Chandrasekara, National Chamber Secretary General/CEO Bandula Dissanayake and SME Development Project Executive Nishanthi Dilrukshi

The National Chamber of Commerce of Sri Lanka and the Lanka Business Ring (LBR) of Kandy, Central Province entered into a Memorandum of Understanding on 25 February.

The purpose of this MOU is to promote the economic co-operation through trade and investment between their respective business communities and to create a stable platform for continuous exchange of business related information. 

The National Chamber had been in the forefront of business development in Sri Lanka since its inception in 1948 and is presently serving more than 720 corporate members, over 1500 SMEs and over 24 connected District Chambers island wide.

Lanka Business Ring is a premier business association based in the city of Kandy with a member base all over the Sri Lanka exceeding 11,000. LBR also has partnerships with trade associations, chambers, business councils, importers, exporters, etc. throughout the island.  

LBR is a business association with the objective of enhancing and improving the business environment and advocating for their affiliated trade associations and members. Further, LBR is focused on addressing business related issues with legislators and policymakers of the Government whilst maintaining an effective relationship with the diplomatic community of other countries. Protecting the rights of the entrepreneurs, improving their profitability and ensuring the welfare of the members are key objectives of LBR. 

This MoU contains a detailed framework for mutual cooperation with a view of supporting Sri Lankan companies in their efforts towards accelerating sustainable economic growth. 

The National Chamber warmly welcomes its close collaboration with LBR as yet another milestone towards achieving its vision of inclusive economic growth with special emphasis on the development of Micro, Small and Medium Enterprises.