News
A MOU has been signed by TDBC and Canada Sri Lanka Business Convention.
A Memorandum of Understanding (MOU) has been signed between the Trincomalee District Business Council(TDBC) and the Canada Sri Lanka Business Convention. This collaboration aims to strengthen the economic ties between the two regions, promote business opportunities, and foster mutual growth. By working together, both parties can leverage their unique strengths and resources to enhance trade, investment, and cultural exchanges. This partnership will also help in creating a conducive environment for businesspeople.
A MOU has been signed by TDBC and Canada Sri Lanka Business Council.
The High Commission of Canada in Sri Lanka has long had a constructive working relationship with the Sri Lanka-Canada Business Council ,A Memorandum of Understanding (MOU) has been signed between the Trincomalee District Business Council(TDBC) and the Canada Sri Lanka Business Council. wholeheartedly thank the members of the SLCBC for their continuing support in building business partnerships between our two countries. While Canada’s relations with Sri Lanka after independence began with a strong development orientation, they have flourished in the intervening years to include an important private sector component, along with extraordinary people-to-people links. These multifaceted ties will undoubtedly serve us well as we continue with collective efforts to grow our commercial relationship to the benefit of both countries
The session provided a platform for invaluable information exchange, reaffirming the commitment of both the World Bank and TDBC to foster sustainable growth. Key discussions revolved around infrastructure development, local economic empowerment, and environmental protection initiatives that are essential for the welfare of Trincomalee's residents. The dialogue highlighted the importance of co-development, emphasizing how more localized approaches can yield substantial impacts on regional prosperity.
The synergy between the World Bank and TDBC represents a bright future for Trincomalee's development trajectory. With a shared vision, both organizations are poised to initiate projects that will enhance the economic landscape of the region. The willingness to collaborate and consider multifaceted solutions is crucial for addressing the challenges that have long hindered growth. This dialogue marks a significant step forward, promising a transformative ripple effect that will foster both environmental sustainability and economic advancement.
Key Insights from the Constructive Dialogue with World Bank
Trincomalee District Business Council (TDBC) and the Trincomalee Municipal Council (MC) Mayor to discuss the development of Trincomalee:
The Trincomalee District Business Council (TDBC) recently held a strategic meeting with the Mayor of Trincomalee Municipal Council (MC) to discuss various developmental initiatives aimed at enhancing the economic and infrastructural growth of Trincomalee. The meeting was attended by key representatives from the business community, local government officials, and development experts.
During the discussions, the participants explored opportunities to boost local industries, improve transportation and infrastructure, and attract investment to the region. The TDBC emphasized the importance of collaborative efforts between the business sector and local government to foster sustainable development. The Mayor of Trincomalee expressed support for initiatives that would create employment, improve public services, and promote tourism in the area.
Both parties agreed on the need to implement strategic projects that align with Trincomalee's potential as a major economic hub. Plans to enhance port facilities, develop tourism infrastructure, and support small and medium enterprises were highlighted as priority areas. The meeting concluded with a mutual commitment to work together closely, establishing a framework for ongoing dialogue and cooperation to realize Trincomalee’s development goals.
The main objective of this meeting is to strengthen economic collaboration between Sri Lanka and Japan by identifying and promoting key sectors that are suitable for Japanese investment and partnership
Key Discussion Points
Investment Landscape in Trincomalee
Overview of the district’s economic potential, infrastructure, and geographic advantages.
Strategic importance of the Trincomalee Port and surrounding industrial zones.
Priority Sectors for Investment
Aquaculture & Fisheries Development – shrimp farming, seaweed cultivation, and seafood processing.
Tourism & Hospitality – eco-tourism, coastal resorts, and heritage tourism.
Renewable Energy – solar, wind, and biomass energy projects.
Agriculture & Agro-Processing – high-value crops, food processing, and export-oriented production.
Logistics & Industrial Development – port-related industries, warehousing, and transport hubs.
IT & Education – technology training centers, innovation hubs, and skill development programs.