NDB Bank, in a continued effort to empower Sri Lanka’s small and medium enterprises (SMEs) and indirect exporters, has extended a credit facility to Khanthmi Sports Workshop & Exports, a rising player in the country’s sports goods manufacturing sector.
This facility was granted under the National Credit Guarantee Institution Ltd (NCGI) loan guarantee scheme, enabling the business to expand operations without the traditional constraints of collateral, the bank said in a media release.
Khanthmi Sports Workshop & Exports, engaged in the manufacture and indirect export of high-quality cricket bats, recently inaugurated its new workshop—an important milestone in its journey of growth and innovation. The expansion marks a significant step towards enhancing production capacity and strengthening Sri Lanka’s presence in the global sports equipment supply chain.
By leveraging the NCGI guarantee mechanism, which provides collateral-free access to finance, NDB Bank has reaffirmed its commitment to creating inclusive pathways for entrepreneurs and SMEs. This support enables businesses like Khanthmi Sports to channel their resources towards scaling operations, adopting modern technology, and contributing to export growth, while building resilience in an increasingly competitive market.
Commenting on the initiative, a representative from NDB stated, “NDB has always recognised SMEs and exporters as key drivers of Sri Lanka’s economy. Our partnership with NCGI allows us to extend timely and effective financial support to businesses that require an extra push to reach their full potential. We are proud to stand alongside Khanthmi Sports Workshop & Exports as they continue to grow, innovate, and carry Sri Lanka’s sporting heritage into international markets.”
A short while later, the official car of the Commander of the Navy, bearing plate NAHA 5006, departed from Navy House, Longdon Place, Colombo 7.
Read this week’s Sunday Times for your interesting articles
Leave Comments