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BOC forms a Strategic Partnership with the IDB

Business Today Sri Lanka

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March 2025

The Industrial Development Board (IDB) is an organization for the promotion and development of the industrial sector.

BOC forms a Strategic Partnership with the IDB

It operates under the Ministry of Industry and Entrepreneurship Development. The IDB serves all districts, catering to the needs of micro, small, medium enterprises (SMEs), and large industries by providing essential support, resources, and guidance for their growth. IDB is essential for guiding entrepreneurs in establishing businesses. They provide technical guidance, financial advisory services, and business development support, partnering with institutions like the Bank of Ceylon (BOC) to meet the financial needs of industrial start-ups.

Entrepreneurs can connect with the IDB through its website (idb.gov.lk) for information on services, or visit district offices across Sri Lanka for personalized guidance. Experienced officers are also available via telephone to assist with inquiries. The IDB is building connections with various organizations to ensure comprehensive support for industrialists, empowering entrepreneurs to contribute to Sri Lanka's industrial growth and economic advancement.

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