Sri Lanka signs MOU with Singapore to boost Boating and Yachting industries
Posted on April 25th, 2024

Hiru News

In a bid to bolster their respective boating and yachting sectors, Sri Lanka and Singapore have inked a Memorandum of Understanding (MoU) between the Chamber of Marine Industries of Sri Lanka (CMISL) and the Singapore Boating Industry Association (SBIA).

The signing ceremony, held on April 22, saw Indhra Kaushal Rajapaksa, Chairman of CMISL and Vice President of Sri Lanka Singapore Business Council, and Y.P. Loke, Chairman of SBIA, formalizing the agreement. Witnessing the signing were notable figures including Senarath Dissanayake, Sri Lankan High Commissioner to Singapore; Arthur Tay, Chairman of One 15 Marina; Darren Vaux, President of International Council of Marine Industry (ICOMIA); and, Yasantha Yaddehi, Minister (Commercial) of the High Commission of Sri Lanka.

Facilitated by the High Commission of Sri Lanka in Singapore, the negotiations culminated in both parties acknowledging the MoU as an initial stride toward fostering collaboration and positive relations in the boating sector.

Speaking on the occasion, the High Commissioner of Sri Lanka in Singapore emphasized that the partnership between CMISL and SBIA sets the stage for a dynamic and thriving business environment, promising mutual growth and prosperity.

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