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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2401

Under globalization competitive edge is the key to economic development

By Quintus Perera - Asian Tribune

Colombo, 07 April, ( For the first time in Sri Lanka, this year, Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) is organizing a Competition among the Chambers, where national level and regional level Chambers could compete with each other with project initiatives taken by them under seven different categories.

Explaining the purpose of this important competition, Nawaz Rajabdeen, President, FCCISL said that competition in every sphere and at every level have become the very vital key to merchandise, manufacture and exports. He said that for economic survival of the country, there is no turning back from maintaining a competitive edge as the entire world has now become one whole marketplace.

Therefore competitiveness should have to be maintained at district, regional and national levels so that the entire gamut of trade and industry in the country competing each other would then be equipped to face the globalization and sharp competition in the world market place.

Rajabdeen said that the competition among the Chambers would be another giant step in grooming the trade and industry towards increased exports.

This first ever Chamber Competition for regional and national level Chambers would provide a unique opportunity for Chambers to: showcase originality and integrity; demonstrate determination to service business community; improve services to members and its community and the ability to foster support and interaction.

Samantha Abeywickrama, Secretary General, FCCISL said that one of the other objectives of this Inter Chamber Competition is to bring recognition to Chamber movements of the country which has been largely unnoticed hitherto.

He said that such an initiative is timely and needed to create an environment to share experience and afford their due place by bringing the main Chamber activities into the limelight and reward and afford public appreciation for the best among them. This exposure initiative also stimulate professional development and serve innovation of these Chambers, Abeywickrema said.

Through this Competition FCCISL continues to fulfill its commitment for progressive development of Chamber Network of Sri Lanka. FCCISL set up in 1973, is the largest and most representative business organization of Sri Lankan business with member bodies from all districts and provinces of Sri Lanka.

The seven categories for the initial recognition and reward are: Best Advocacy Initiative; Best project for SME development; Best New Membership Recruitment Programme; Best Skills Development Programme, Best CSR Project; Best Unconventional Project for SMEs and Best Public Private Partnership Project.

The criteria for the competition would be the innovative nature of the project; the impact of the project on the Chamber and/or the business community. The measurable outcomes would include, financial, membership increases, business and job creation, participation rates, people involved (members, volunteers, partners, businesses) in the implementation of the project, business etc. The relevance of the project in the target category and potential for the project to be successfully adopted by other Chambers of Commerce throughout the country also include in the selection criteria.

Following requirements also have to be fulfilled to participate in this inaugural FCCISL Chamber Awards Ceremony -2008. The project submitted for consideration of the Competition must have been in operation and obtained significant results during period preceding February 2008; it should be an initiative of the respective Chamber and not a project implemented for another partner/donor; a chamber could compete on one project per category for maximum of two categories. The same project should not be included in two categories.

Applications for this Competition should reach FCCISL by the 25th April 2008 and the winners of each category will receive Rs 50,000 for the first place, Rs 30,000 for the second place and Rs 20,000 for the third place. In addition they would receive a plaque.

The application for the Competition should be in English and a maximum one page executive summary of the project must be included in the application and inclusive of this summary the complete application should not exceed more than10 pages.

Abeywickrama said that FCCISL being the apex Chamber body in Sri Lanka always strived to uplift the Chamber movement in Sri Lanka as part of their major obligations towards business community. He said that organizing the first ever Chamber competition in Sri Lanka is such an initiative.

In passing he said that FCCISL has been well reckoned for their timely and appropriate approach towards serving the business community and the public at large and such work has not only being recognized locally but also internationally. Abeywickrama said that such timely and appropriate approach was their Back to Business project that was initiated to rehabilitated the business sector destroyed by the ill-fated Tsunami.

The project was so vibrant, attentive and appropriate, it on the one had helped setting up of businesses destroyed by the Tsunami and on the other, for its solidity and versatility won the prestigious international accolade at the World Chambers Competition held in Istanbul Turkey for the World’s Best Unconventional Project for SMEs.

- Asian Tribune -

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