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ISB finalizes Rs 50 m business with Wayamba Chamber

First meeting highly successful:

The first ever meeting between the Jaffna Industrial Services Bureau (ISB) and Wayamba and Jaffna Chambers of Commerce after the three-decade war to explore investment opportunities was highly successful and it finalized orders worth Rs. 50 million on the very first day, Director ISB, Neelakanth Wanninayake told Daily News Business. All leading businessmen in Wayamba were included in the seventy-member delegation on the invitation of the Chamber of Commerce and Industries of Yalpanam.


Neelakanth Wanninayake

Two MoUs were also signed by the Yalpanam and Vavuniya Chambers. The Wayamba Chamber will strengthen ties and hold follow up discussions.

In brief
* Yalpanam and Vavuniya Chambers sign two MoUs.
* Rebuilding the North in keeping with Uthurata Wasanthaya.
* Yalpanam members seek market in Kurunegala.

The discussions were very cordial and the objective of the meeting was to create business opportunities and establish bilateral relationships with the business community in Jaffna and Kurunegala. “Moreover, I believe that this would further lead to the Government’s effort to rebuild the North in keeping with the Uthurata Wasanthaya and to establish trust, confidence and mutual relationship among the people of Jaffna towards ethnic harmony,” Wanninayake said.

Businessmen in Jaffna were interested to explore the possibility of getting down industrial machinery, vehicles, motor cycles, push cycles, spare parts and heavy machinery from Kurunegala.

They have called upon the Kurunegala business community to explore the potential and to obtain first-hand information from Jaffna.

The Yalpanam members are keen to find partners in Kurunegala to market their agriculture produce, marine fish and other consumable items. In addition, they would also invite the business community to explore the potential investment opportunities such as ice plants, polythene manufacture, recycling of plastic/polythene and glass manufacture in Jaffna as joint ventures, Wanninayake said.

As Kurunegala is well known for trading motor-cycles, vehicle imports, heavy machinery and spare parts Kurunegala businessmen could set up new ventures in Jaffna. The ISB of the North Western Province (NWP), is a statutory body established under the Provincial Council of the NWP to assist entrepreneurs and the business community in Wayamba for investments and trade promotion.

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