DFCC partners IDB’s ‘Small and Medium Industrial Development Exhibition’
Wednesday, 4 June 2014 00:00
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DFCC, the country’s leading development bank, partnered with the Industrial Development Board (IDB) as bronze sponsor for the ‘Small and Medium Industrial Development Exhibition’ (SMIDEX), which was held from 23 to 25 May.
In order to celebrate its 45th anniversary, IDB introduced SMIDEX as its foremost exhibition to showcase local SMIs with specialised sector specific technology, machinery, raw materials and business development and other services facilities.
SMIDEX ‘Taking Sri Lanka to the next era of Industrialisation’ was the theme of the event this year, where a large number of existing domestic and international players showcased innovative products, services and technologies.
DFCC Bank’s involvement with SMIDEX was in view of building, understanding and supporting the Small and Medium Enterprise (SME) sector contribution to the country’s economy with not only financial assistance but also with the expert knowledge in different industries the bank has gained by operating for about six decades.
DFCC Bank has remained committed to its mission as Sri Lanka’s pioneering and premier development bank and is the leading reference for project financing by the banking industry. DFCC bank, supported by leading international donor agencies and banks, provides small and medium industries with cost effective financial services and advice on running expanding and improving businesses.
The services provided for SMEs include credit services such as; long and medium term project loans, working capital loans, financing leasing facilities, hire purchase facilities and other development banking products and DFCC bank has been assisting industries such as agriculture, dairy, light engineering, hydro power, construction, furniture and various other industries since its inception. The bank firmly believes that SMEs play a major role in the economy, creating jobs and driving innovation.
