SRI LANKA could be the bridge that links Brisbane to new trade opportunities in South Asia, with business links developing through a recent match-making event organised by The Sri Lanka and Australia Chamber of Commerce (SLACC).
As a result of networking through the innovative business matchmaking event, three Brisbane companies invested more than $150,000 dollars into Sri Lankan technology companies, with more links expected to develop.
The Sri Lanka Australia Chamber of Commerce roadshow brought more than 25 Sri Lankan technology companies to Brisbane. They were given the opportunity to pitch for business and potential investment from Australian delegates from the finance, technology, media and insurance industries.
Australian delegate and Techniche chairman Karl Jacoby said the visit had led to further investment in Sri Lanka’s information communication technology (ICT) sector for his business.
“Techniche has already successfully used a number of Sri Lankan companies in the areas of ICT support, digital marketing, and out sourced services which has led to new opportunities for our business,” Mr Jacoby said.
“As a result of this visit, we will be considering whether we could use some additional outsourced development capability, and I will personally be considering a number of investment opportunities in Sri Lankan businesses.”
SLACC president Kalum De Silva said the visit was an integral part of the chamber’s strategic focus on bi-lateral economic development between Australian and Sri Lanka businesses.
“We are thrilled with the attendance and result of the mission which aimed to foster greater cooperation and collaboration between Australia and Sri Lanka in all trade related matters,” Mr De Silva said.
“By fostering a close relationship between the two countries, via public and private sector engagement, SLACC aims to increase trade and profitability between Sri Lanka and Australia.
“SLACC has already committed to another business mission for Sri Lankan delegates from October 25-27 which will be held on the Gold Coast and we’re looking for Australian business to be involved.”
SLACC is also calling for Australian businesses in the IT, tourism, manufacturing and specialty food industries interested in a similar mission to be involved in the World Export Development Forum (WEDF) in Sri Lanka from October 11-13.
WEDF brings together more than 600 business leaders, policymakers, heads of trade and investment support institutions and international trade development officials to address international competitiveness for developing countries.
SLACC is an integrated bi-lateral, member-based chamber constituted under the Australian Chamber of Commerce and Industry (ACCI) to foster commercial trade and dialogue between Sri Lankan and Australian businesses.