Since 2004, the National Chamber of Commerce in Sri Lanka (NCCSL) has been awarding the National Business Excellence Awards as an "annual benchmark competition recognizing the business companies of their contribution to socio-economic development of the country whilst following exemplary business practices." The criteria adopted by the NCCSL are different to Baldrige or the SLSI.
The NCCSL also awards three main types of awards: the Gold, Silver and Bronze and many others certificates for runner-ups.
This is not the case in NCCSL. A major obvious weakness of the SLSI system however is its complete imitation of the Baldrige.
NCCSL on the other hand is creative and more precise in assessing the merits of business organizations also recognizing some of the requirements of economic development in the country at the present stage.
DCCI President Md Sabur Khan and NCCSL President Sunil G Wijesinha finalized the MoU on part of their specific business systems in Colombo.
NCCSL President Sunil G Wijesinha said the entrepreneurs of Sri Lanka are eager to import readymade apparel, pharmaceutical items and IT solutions from Bangladesh.
The MoU was inked by DCCI President M Sabur Khan and President of NCCSL Sunil G Wijesinha on behalf their respective organizations in Colombo.
According to NCCSL President Sunil Wijesinha, Sri Lankan entrepreneurs were ready to import ready-made garments, medicine and IT (information technology) and ITES (information and technology essential standards) services from Bangladesh.