People’s Bank ties up with PWC to develop SMEs

With an objective to identify the sectors in local small and medium scale business and industries that require expansion and development and to plan strategies to achieve that goal, an agreement was signed recently between People’s Bank and PWC Institute at the People’s Bank Head Office.

Small and me dium scale industries contribute immensely to the country’s industrial sector.

Therefore, the government has focused a special attention in several budget proposals in the past to develop the small and medium scale industrial and business sectors.

Offering a special contribution towards the development of small and medium scale industries and businesses, People’s Bank has already established SME centres in Anuradhapura, Kurunegala, Gampaha, Matara, Kandy and Hambantota Districts. Under the agreement signed between People’s Bank and PWC Institute, more attention will be given to these sectors in the future.

Exchange of agreement was done by Chief Executive Officer/General Manager N. Vasantha Kumar on behalf of People’s Bank and Chief Executive Officer C. Kanagasabe on behalf of PWC Institute.

The occasion was attended by the corporate and executive management of People’s Bank. Representing the PWC, the Managing Director together with a group of officials was also in attendance.