Home / Business/ SAARC CCI participates in SAARC Development Fund Partnership Conclave 2018

SAARC CCI participates in SAARC Development Fund Partnership Conclave 2018

Comments / {{hitsCtrl.values.hits}} Views / Friday, 13 July 2018 00:00

A delegation led by SAARC Chamber of Commerce and Industry (SAARC CCI) President Ruwan Edirisinghe attended the SAARC Development Fund Partnership Conclave 2018 on Regional Integration through Project Collaboration and Investments. 

The event had strategic and regional importance in South Asia. The SAARC Development Fund (SDF) Partnership Conclave 2018 was held on 2 and 3 July at the International Centre, New Delhi, India. The conclave aimed to produce strategic growth in the South Asia region through project collaboration and regional integration. It proposes to: 

1. Solicit cross-border project co-financing under the social, economic and infrastructure windows of SDF in SAARC member states. 

2. Build partnerships with various organisations for fund mobilisation and investments in SAARC member states.

Speaking at the event, SAARC CCI President Edirisinghe highlighted the importance of improving intra-regional trade within South Asia to reduce poetry and boost job creation and said the SDF was the main instrument that would facilitate economic cooperation via financial connectivity within the SAARC region. 

For the conclave, NITI Aayog CEO Amitabh Kant, representing the Indian Government, was the Chief Guest. 

SAARC CCI is the apex body of the South Asian Association for Regional Cooperation (SAARC) and seeks to promote economic cooperation in South Asia and has augmented the efforts of SAARC to achieve the milestones of regional integration. 

SAARC CCI believes that intra-regional investment, intra-regional trade and joint ventures among SAARC member states are the way forward to address the key challenges the region faces such as poverty and job creation. SAARC CCI is committed to unleashing the true potential of the SAARC region. 

The SDF is currently implementing 12 regional projects with more than 70 being implemented in all the eight SAARC member countries under social window funding. 

Currently, the two main projects finalised by SDF are a waste-to-energy project in Sri Lanka involving the participation of India and a hydropower scheme in Nepal with the participation of Bangladesh and India. As per SDF Chief Executive Officer Sunil Motiwal, the two projects entail a cumulative investment of $ 30 million. Other potential regional connectivity projects are under SDF’s active consideration to co-finance SAARC member states. Therefore, SDF is well poised to contribute significantly in achieving its developmental role in the SAARC region along with SAARC CCI.


Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Constitutional paradox: There is no such thing called Election Commission

Wednesday, 14 November 2018

Our Constitution, which was certified by Parliament on 31 August 1978, has 19 amendments; the First Amendment to the Constitution was certified by the Speaker in the same year on 20 November. By the end of 1988, there had been 14 amendments made to t

‘So Sri Lanka’ – upgrade staff, processes, infrastructure at BIA arrivals to be world’s best!

Wednesday, 14 November 2018

24 October, time 12:47 p.m., place – my residence in Colombo My phone buzzes with a WhatsApp message from my old colleague Prasad Fernanado now with Saudi British Bank in Saudi. I am thrilled to see the message ‘Sri Lanka top country for travel i

Qatar crisis: From the Sri Lankans’ point of view

Wednesday, 14 November 2018

The aim of this article is to examine the Saudi blockade over Qatar and its impact in the past 17 months on the country. A special focus will be given to the Sri Lankan workers who have been living in Qatar for the past two decades. The reason why th

The reality of Sri Lanka – household end!

Wednesday, 14 November 2018

Whilst Sri Lanka is debating what is right and wrong on the governance of the country, the Sri Lankan household is falling part due to escalating costs, as per the latest data released by respected research agency Nielsen. For the seventh quarter in

Columnists More