NDB supports local textile manufacturers

The National Development Bank PLC (NDB) partnered with ‘Ransalu 2012’, the 22nd annual national textile exhibition, organised by the Department of Textile Development of the Ministry of Industry and Commerce. The event held under the patronage of the Economic Minister Basil Rajapaksa showcased creations of many local manufacturers representing Sri Lanka’s handlooms, textile, fabrics and apparel industries.

Commenting on the partnership Chief Operating Officer of NDB, Indrajit Wickramasinghe stated, “We are proud and honoured to be a part of this significant national event that integrates all spheres of textile and handloom manufacturers of Sri Lanka. As a bank committed for sustainable national development, NDB has continuously channelled its focused efforts towards the growth of SMEs across many industries. “The textile industry in particular promises high growth potential and the bank is determined to fuel the growth of this sector to help meet its fullest potential. This partnership of the ‘Ransalu’ textile exhibition with the Ministry of Industry and Commerce further reiterates our continued support towards developing local industries and SMEs. We hope to further support the development of the textile sector by providing customised financial supportalong with expert advisory services for the SMEs in the industry.”

With a strong belief that SMEs form the backbone of the growth of Sri Lanka’s economy, NDB has dedicated over 30 years of customised financial expertise to this sector. Whilst providing a range of dedicated financial solutions to empower the SMEs, NDB conducts comprehensive SME workshops with the focus of educating and developing skills, knowledge and competencies of entrepreneurs across the country.

NDB also remains committed towards the development of the export sector and continues to provide specialised financial services that are designed to meet the dynamic needs of the industry. As a progressive bank committed towards economic development of Sri Lanka, NDB vows to remain dedicated towards the national task of uplifting the SMEs and helping them enhance their export potential while capturing the emerging global opportunities.