Nat Chamber signs MoU with Kandy’s LBR
The National Chamber of Commerce of Sri Lanka and the Lanka Business Ring (LBR) of Kandy, entered into a Memorandum of Understanding on 25 February 2021.
The Purpose of the MOU is to promote economic co-operation through trade and investment between the respective business communities and to create a stable platform for continued 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 presently serves more than 720 corporate members, over 1,500 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 Sri Lanka exceeding 11,000. LBR is also in partnership 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 being the advocate for their affiliated Trade Associations and members. Further, LBR is focused on addressing business related issues with legislators and policy makers whilst maintaining effective relationships with the Diplomatic community. Protecting the rights of the entrepreneurs, improving their profitability, ensuring the welfare of the members are considered to be key objectives of LBR.
The MoU contains a detailed framework for mutual cooperation with a view of supporting Sri Lankan companies in their efforts towards accelerating sustainable economic growth.
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.