The Cabinet of Ministers approved the proposal presented by Minister of City Planning, Water Supply and Higher Education to sign a Memorandum of Understanding between the Post Graduate Management institute of the University of Sri Jayawardhanapura and the faculty of Business Administration in the Kasetsart University in Thailand with the intention of developing Educational Cooperation between both countries .

Kasetsart University is a public research university in Bangkok, Thailand.  It was Thailand's first agricultural university and Thailand's third oldest university.

It was established on 2 February 1943 to promote subjects related to agricultural science. Since then, Kasetsart University has expanded its subject areas to cover life sciences, science, engineering, social sciences, and humanities.