ComBank stimulates opportunities for SMEs with trade fair in Colombo

Commercial Bank Chairman Prof. Ananda Jayawardane and Managing Director/CEO Sanath Manatunge at the SME Trade Fair 

Nearly 200 small and medium enterprises (SMEs) from all over Sri Lanka were recently provided an invaluable opportunity by the Commercial Bank of Ceylon, to exhibit and sell their products and services in Colombo, and to engage with customers at a unique SME Trade Fair.
The two-day fair at the Sri Lanka Exhibition & Convention Centre (SLECC), Colombo 1, saw the participation of SMEs from Jaffna, Batticaloa, Puttalam, Anuradhapura, Badulla, Kurunegala, Kandy, Ratnapura, Matara, Negombo, Kalutara and Colombo, as well as eight corporate entities that provide services to SMEs and the country’s agriculture sector.
Demonstrating the possibilities offered by technology, the bank provided an opportunity for eight SMEs to exhibit their products via a digital channel developed by ComBank LEAP GlobalLinker, a platform developed by the Bank to help businesses access global markets using digital technology. A Mobile App for the LEAP programme was also launched during the inauguration of the event.

Signifying the importance accorded by the bank to the event, the SME Trade Fair was inaugurated by Commercial Bank Managing Director/CEO Sanath Manatunge, Chief Operating Officer S. Prabagar and members of thecorporate management with distinguishedspecial invitees includingCommercial Bank Chairman Prof. Ananda Jayawardane and IFC Country Manager Alejandro Alvarez de la Campa, IDB Chairman Dr. Saranga Alahapperuma and the President of the Institute of Certified Management Accountants (CMA) Prof. Lakshman Watawala.
Additionally, the bank had set up an Industry Helpdesk Industry manned by representatives of the bank as well as government institutions such as the Industrial Development Board (IDB), Export Development Board (EDB), Sri Lanka Standards Institution (SLSI), Sri Lanka Sustainable Energy Authority (SLSEA), Central Environmental Authority (CEA) and National Engineering Research & Development Centre (NERD)and private institutions like Bureau Veritas and Safo Consultancy (Pvt) Ltd. to provide advice to exhibitors and visitors.
An Exporter Hub at the location was used to connect local producers with exporters to help strengthen export value chains under the bank’s Diribala Exporter Development Programme. The bank said 12 large scale direct exporters volunteered to negotiate with suppliers, and over 30 local producers were given an opportunity to meet exporters with their product samples and get advice.
A novel element to the event was the participation of about 25 students of the School Entrepreneurship Club of Yasodara Balika Maha Vidyalaya, Gampaha, who exhibited their products, obtained valuable insights from experienced SMEs and utilised the networking opportunities with the exhibitors.