Sri Lanka welcomes Indian Industry

Posted By: Staff
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New Delhi, Sep 15: Minister for Investment Promotion of Sri Lanka, Navin Dissanayaka said that the country is ready for investment from the Indian Industry as that the 'war on terror' was over.

Addressing a seminar on "Emerging Peace & Investment Opportunities for Sri Lanka", Dissanayake asked Indian Industry to visit Sri Lanka. So that it can see that the country provides great opportunities for investment and business.

He also said that Sri Lanka provided lots of opportunities in many fields and many Indian companies are already operating in the country.

C R Jayasinghe, High Commissioner of Sri Lanka in India said, "Sri Lanka has always regarded herself, ever since she has liberalized her economy over three decades ago in 1997, as an intrinsically friendly destination for foreign investors."

Speaking about the FTA between India and Sri Lanka, he said that there has been tremendous growth in the volume of two- way trade from US $ 600 million to US$ 3.2 billion last year. For both the countries, it was the first FTA, which was signed.

The Board of Investments also made a presentation on opportunities areas and said that approval for CEPA would be granted quickly.

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