The Southern Institute of Technology (SIT) has signed a Memorandum of Understanding with the International College of Business and Technology (ICBT) on 16 October in Colombo, Sri Lanka. SIT has been working with ICBT to build up a partnership that will be mutually beneficial for both institutes to grow and deliver quality education to their students.
The representatives from each institute involved with the signing will be ICBT Chief Executive Officer, Dr. Mohan Pathirana and SIT Deputy Chief Executive, Corporate Mr. Bharat Guha.
The memorandum involves staircasing opportunities for ICBT Higher National Diploma (HND) graduates into SIT bachelor degrees in Commerce, Applied Management and Hotel Management. Students will study for two years to obtain the HND at ICBT in Sri Lanka and then have the opportunity to apply for a further year of study to complete the chosen bachelor degree at SIT’s Invercargill campus.
The agreement is the first of its kind in Sri Lanka and SIT International Team are excited with the prospect of increasing student recruitments from Sri Lanka. SIT delegates were also invited to ICBT’s graduation ceremony where details of the MoU were announced by SIT Deputy CE, Corporate - Bharat Guha.
Invercargill MP Sarah Dowie was thrilled with the announcement. “SIT’s contribution to the Invercargill and wider Southland economy is significant. I understand in 2015 there are 47 Sri Lankan students studying at SIT and the 2014 economic impact from international students on Invercargill city was $43.4 million in GDP. This Memorandum of Understanding with the International College of Business and Technology will only benefit our economy, employment and diversity. I am really looking forward to supporting this Sri Lankan partnership and further relationships with other institutions around the world”.