Sri Lanka, April 25 -- 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, Min...