NDB spices-up Sri Lankan Cinnamon industry

As part of its continued efforts to enable local industry, NDB recently carried out a special programme to empower the Cinnamon growers, exporters and Cinnamon related product manufacturers.

To create national consensus towards developing regional players in the Cinnamon industry, NDB teamed up with the Ceylon Chamber of Commerce, The Spices & Allied Products Producers’ & Traders’ Association (SAPPTA) and the Galle District Chamber of Commerce to conduct a workshop for small and medium sector growers and exporters in Galle. Speaking at the event, Chief Operating Officer of NDB Indrajit Wickramasinghe said, "As a Bank dedicated towards national development, NDB has continuously placed special emphasis on the export sector as well as regional economic development which we believe is vital for propelling the national economy towards its growth targets. Thus regional business forums such as this are significant in their contribution to this end given its importance to the national economy. The objective of this forum is to facilitate a dialogue between the key players in the industry of the region and several well-known industry specialists and professionals; to share best practices and related insight for further development of the industry. NDB and CCC place a lot of weight on the development of regional industry and we hope to conduct more programmes of this nature in time to come."

S H S Mahagama, Deputy Director of Sri Lanka Standards Institute addressed the gathering and educated them on the new mandatory SLS standards for Cinnamon SLS 81 while Sarada De Silva, Chairman of SAPPTA and Spice Council introduced the services available through the spice council to the stakeholders of the crop that were represented at the forum.

Given its deep roots in SME Banking, NDB firmly believes that SMEs form the backbone of the country’s economy. With a rich heritage in SME financing, NDB is fully geared and committed to help this sector to maximise the opportunities in the market. Therefore, in addition to SME lending, the Bank has initiated programmes such as this workshop to enhance the knowledge and skills of regional entrepreneurs to help them overcome the emerging challenges when conducting business. In a challenging business environment, NDB believes in continuous support to the SME sector by way of advisory, drawing out expertise from within NDB and the industry to empower SME entrepreneurs.

NDB is one of the fastest growing banks in the country with NDB Group having regional operations in Maldives and Bangladesh. The Bank offers a wide range of commercial banking services through its growing island-wide branch network open for extended hours until six pm, catering to an increasing customer base from all walks of life. Through the combined synergies of the diverse constituents of the NDB Group, its customers have access to a full range of banking and financial services; including project finance, corporate banking, SME lending, retail banking, investment banking, stockbroking and wealth management making NDB a truly Universal Bank.

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