SL–Canada Biz Council President emphasizes importance of attracting FDIs to Sri Lanka

9 August 2016 12:01 am - 0     - {{hitsCtrl.values.hits}}

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Seated from left: Infotechs (Pvt.) Ltd Vice President Ramya Weerakoon, High Commissioner for Canada in Sri Lanka Shelley Whiting, Fentons Ltd President Chandev Abhayaratne, MAC Holdings (Pvt.) Ltd Vice President Harith Jayasuriya and Lilakshi de Mel of Ceylon Chamber of Commerce
Standing from left: Committee Members: Ong Jhon Seon of Prima Ceylon Ltd, Saroshi Dubash of Abans PLC, D.R. Rajapakse of Samson Rubber Industries (Pvt.) Ltd, Sampath Liyanage of Divehi Holdings, Lionel Silva of Lidechsi Group of Companies and Raja Abeysinghe of Hydromec International (Pvt.) Ltd

 

 

The 24th Annual General Meeting (AGM) and the 25th anniversary celebrations of the Sri Lanka – Canada Business Council of the Ceylon Chamber of Commerce were held recently at the residence of High Commissioner for Canada in Sri Lanka Shelley Whiting. 
Sri Lanka – Canada Business Council was inaugurated by the Ceylon Chamber of Commerce (CCC) on August 14, 1991 to promote trade, investment and tourism between Sri Lanka and Canada. Addressing the gathering, council President Chandev Abhayaratne emphasized the importance of further enhancing trade, attracting foreign direct investments (FDI) to Sri Lanka and strengthening the membership base of the council during the period 2016 – 2017. The membership of the council is comprised of 60 companies across diverse sectors such as exports, imports, manufacturing, services and tourism amongst many others. 
Addressing the gathering, Council Patron Whiting expressed delight that the Sri Lanka – Canada Business Council is celebrating 25 years of service to the Sri Lankan business community and was encouraged at the growing interest shown by Canadian companies in Sri Lanka across a multitude of sectors especially in infrastructure, education, aviation and renewable energy with 25 percent total merchandise trade growth in 2015.
Bilateral business councils, an integral part of the CCC, play a vital role in the promotion of international business. The main activity of the councils is expansion of business between Sri Lanka and the partner country. As at date, the CCC operates 21 bilateral business councils and their prime objectives are promotion of trade, investment, joint ventures and services including tourism between Sri Lanka and the respective countries. The first business council, Sri Lanka-Japan Business Co-Operation Committee was formed in 1979. Since then 20 more business councils were formed in fulfilling its primary objective.

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