A MoU has been signed between the Industrial Development Board (IDB) and Sri Lanka Insurance Corporation Ltd. This MoU focuses on providing insurance protection for the industrial sector in mitigating business-related risks that impact the operations and continuity of a business. Sri Lanka Insurance Corporation will provide insurance packages for industries according to the respective industrial sector. Dr Saranga Alahapperuma, Chairman of – the Industrial Development Board, has explained the way forward for industrial development and how to initiate an entrepreneurship culture in Sri Lanka. The Chairman mentioned that the IDB has taken some initiatives already in this regard. Mr P.L.U. Rathnamalala, DirectorGeneral-IDB, Mr Mahesh Gamage, AGM and other officials of Sri Lanka InsuranceCorporation Ltd. participated in this meeting.

Venue: Industrial Development Board