New architecture by FCCISL and Southern Gujarat Chamber of Commerce to promote bilateral trade

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and The Southern Gujarat Chamber of Commerce and Industry signed a Memorandum of Understanding (MoU) last week to promote bilateral trade, technology transfer and investment promotion between the two chambers considering mutual interest in promoting Small and Medium Industry.

Inspired by the strong desire to strengthen the ties of relationship and the cooperation between the two chambers, the MoU determine to exchange trade and investment related information, publications of bilateral trade, develop and promote joint ventures and investment.

The MoU also covers the exchange of business information and expertise through joint meetings and visits of trade delegations. Links of the two organisations will be shared for seamless information sharing and technology transferring. FCCISL President Kumar Mallimaratchi and Gujarat Chamber President Rohit Mehta signed the MoU with the endorsement of Minister of Industry and Commerce Rishad Bathiudeen who witnessed the MoU signing.  The initiative marks the commitment of the FCCISL to strengthen the small and medium Industry by exchanging experiences, information, technology and investment opportunities with Gujarat Chamber and raise the levels of excellence and performance of small and medium industrialists in Sri Lanka.

Mallimaratchi stated, “The MoU underlines our commitment to further strengthen the economic and business standards of the SMEs. FCCISL is working closely with partner chambers of commerce and other trade promotion organisations to achieve the best business opportunities and boost bilateral trade relations. We are confident that the MoU will bring tangible benefits to both organisations.”

“We are pleased to sign the MoU with the Federation of Chambers of Commerce, which will contribute to enhance the level of services provided to our members by exchanging information and opportunities and enhance the level of doing business,” said Mehta.

Appreciating this worthy endeavour Minister Bathiudeen stated, “This initiative sets a conducive platform for expanded economic cooperation and trade and that bilateral economic cooperation and trade should be further strengthened by fully tapping potential and seeking new ways on the basis of the current cooperation.” Further he assured the support of the Government by implementing measures for trade facilitation.