Industrial Development Board
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Overview
The Industrial Development Board (IDB) of Sri Lanka, established by Act No. 36 of 1969, is the premier statutory body under the Ministry of Industries responsible for fostering, promoting, and developing the industrial sector. It provides comprehensive support—including training, technical consultancy, and market facilitation—to entrepreneurs, focusing on strengthening micro, small, and medium-scale industries (MSMEs).
Founded Year
1966
Ownership Type
Government-Owned / State-Owned Enterprise
Business Model
B2C (Business to Consumer)
Time Zone
+5.30
Mission
"Provide the strategic, technological & commercial foundation needed to encourage, promote & develop all industries all over Sri Lanka
Vision
Development of all industries all over Sri Lanka
Core Values
Drive locally and globally sustainable industrial growth, while achieving financial autonomy for the IDB.
Company Tagline
"Let's Grow Your Business Together" and "Wings to a Rich Country Through a New Vision"
Head Office Country
Sri Lanka
