Sri Lanka big businesses should link with SME’s: Chamber

Oct 13, 2014 (LBO) – Sri Lanka’s small and medium enterprises are encouraged to partner with big companies, so they could take advantage of consumer market and finance. The forum has organized by the Ceylon Chamber of Commerce who will bring together all stakeholders in the SME sector including policy makers, banks, service providers, technocrats and development agencies.

Shah said the SME sector, which is the backbone of the rural economy must be transformed into an integral part of the supply chain within the country.

It is estimated 75 percent of all enterprises fall into the SME category in Sri Lanka and 45 percent of country’s employment represent by SME’s. A request to big business. Build strong, sustainable supply chain linkages with the SME sector, Suresh Shah, Chairman of Ceylon Chamber of Commerce said.

Do more business with SME’s and also help build capacity and transfer knowledge,

Strive for a win – win relationship rather than negotiate for the last rupee.

He was addressing the two day forum on small and medium enterprise empowerment 2014, held today (13, Oct) at Colombo.