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Ceylon Chamber forges partnership with Jharkhand Chamber

Ceylon Chamber forges partnership with Jharkhand Chamber

Daily FT: The Ceylon Chamber of Commerce recently hosted a networking event with a business delegation from the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI), offering a platform for Sri Lankan businesses to showcase their companies and explore potential collaboration opportunities with their Indian counterparts.
During the meeting, participants engaged in discussions on various sectors, including manufacturing, construction, transport, IT, healthcare, and tourism. The Ceylon Chamber of Commerce, through this initiative, sought to strengthen economic ties and promote cross-border investments between Sri Lanka and India, fostering sustainable growth and development in the region.
The event also saw the signing of a Memorandum of Understanding between the Ceylon Chamber and FJCCI, which outlines a framework for cooperation, facilitating the exchange of information, best practices, and market insights between Sri Lanka and Jharkhand, India. It also emphasizes the promotion of trade missions, business delegations, and joint events that will further deepen the ties between the business communities of both nations.
Ceylon Chamber Secretary General and CEO Buwanekabahu Perera said: “We are pleased to have facilitated this collaboration which presents great potential for companies in both Sri Lanka and India to tap into new markets, share knowledge, and create long-lasting partnerships.”

OSL take:
The overall economic expansion in Sri Lanka after facing the challenges of the global pandemic and the economic crisis that followed, have opened up new business/investment opportunities in the country. This in turn has opened up the opportunity to forge partnerships or joint ventures between Sri Lanka and other countries. Sri Lanka already has many trade agreements as well as trade concessions enjoyed by the country that have also helped boost bilateral and trade ties between Sri Lanka and several key international markets. With Sri Lanka working towards becoming an emerging business destination in the South Asian region, there are many new business/investment opportunities opening up in the country. Given the partnerships being forged between Sri Lanka and business chambers in other countries, foreign businesses/investors could explore the expanding opportunities in Sri Lanka. The growth and business potential in Sri Lanka would also add to the expanding business/investment opportunities in Sri Lanka.

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Article Code : VBS/AT/20230824/Z_10

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