COYLE and Indian Chamber of Commerce sign MoU to strengthen business relations

Thursday, 30 July 2026 05:29 - - {{hitsCtrl.values.hits}}

COYLE Chairman Suren Chandraratna (right) and ICC-TN Chairman Shivkumar Eashwaran (left) with Indian High Commissioner Santosh Jha following the signing of the Memorandum of Understanding

COYLE members and ICC-TN representatives after the sighing of the MoU

The Chamber of Lankan Entrepreneurs (COYLE) and the Indian Chamber of Commerce (ICC) formalised a strategic partnership with the signing of a Memorandum of Understanding (MoU) in Colombo, reinforcing their shared commitment to expanding bilateral trade, investment, and business collaboration.

The agreement was signed by COYLE Chairman Suren Chandraratna and Indian Chamber of Commerce – Tamil Nadu Chairman Shivkumar Eashwaran in the presence of business leaders from both countries as part of the India–Sri Lanka Bilateral Trade Delegation.

The MoU establishes a practical framework for closer cooperation between the two chambers, creating new opportunities for entrepreneurs and businesses through trade promotion, investment facilitation, business networking, and knowledge exchange. It reflects the shared vision of both organisations to strengthen economic ties and support sustainable private sector growth.

COYLE Chairman Suren Chandraratna said the partnership marks another important milestone in strengthening regional business cooperation. “This MoU is about turning relationships into results. It brings together India’s manufacturing strength and market scale with Sri Lanka’s strategic location, agility and innovation. Together, COYLE and the Indian Chamber of Commerce will create practical opportunities for our members through business matchmaking, trade missions, investment partnerships and the exchange of expertise. We believe sustainable growth is built on collaboration, and this partnership is designed to create lasting value for entrepreneurs in both countries.”

The MoU was signed during the India–Sri Lanka Bilateral Trade Delegation, a strategic initiative designed to strengthen economic cooperation, facilitate business-to-business engagement, promote investments, and create long-term commercial partnerships between the two countries. The MoU also comes at a time of growing regional economic integration and reflects the commitment of both COYLE and the Indian Chamber of Commerce to creating stronger cross-border partnerships that will contribute to increased trade, investment and shared prosperity for both nations.

With deep historical, cultural and economic ties, India and Sri Lanka continue to build on their strong trading relationship under the India–Sri Lanka Free Trade Agreement (ISFTA). Sri Lanka’s strategic location in the Indian Ocean positions it as a gateway to South Asia and major international maritime trade routes, creating significant opportunities for businesses from both nations.