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India-Srilanka: Prime Minister of Sri Lanka made this appeal to Indian companies, India can invest in this sector

Image Source : India TV
Srilanka PM

Highlights

  • Sri Lankan PM Dinesh Gunawardene meets directors of Indian companies
  • Gunawardene invites Indian companies to invest in Sri Lanka
  • Sri Lanka is going through bad economic condition

India-Srilanka:Sri Lanka’s Prime Minister Dinesh Gunawardena, who is facing severe financial crisis, has stressed the need to boost bilateral trade and invest in new areas in a meeting with CEOs of several Indian companies. A statement issued by the Sri Lankan prime minister’s office said Gunawardhana, during his meeting with representatives of the Sri Lanka section of the Indian CEOs Forum on Thursday, asked them to increase investment and trade.

In this meeting, Gunawardhana expressed his gratitude for the cooperation and support of Indian companies in the economy of Sri Lanka by bringing new investments, creating jobs and contributing in the form of direct and indirect taxes in this cash-starved country. are helping. The ICF delegation included officials from companies from the auto, banking, cement, FMCG, fuel, hospitality, infrastructure, logistics, packaging, paint and pharma sectors. The delegation was led by TS Prakash.

Initiatives to promote tourism in Sri Lanka

On the request of the Sri Lankan Prime Minister to invest in new areas, Prakash said that the ICF has taken a new initiative with the launch of ‘Shine Sri Lanka’ platform to promote tourism along with trade and investment. He said that through this platform there is huge potential for promoting trade and investment in Sri Lanka. During this meeting, Gunawardhana informed about the steps being taken by his government to improve the economic situation of Sri Lanka. Sri Lanka has been facing a deep economic and financial crisis since the beginning of the year and has had to take the help of an allied country like India for the purchase of essentials.

India has always been helpful to Sri Lanka
It said that we have bilateral development cooperation projects worth $ 3.5 billion in Sri Lanka. Sri Lankans are also availing scholarships for higher education and skill training in premier Indian institutions. These aspects of our close and long-standing cooperation with Sri Lanka will also contribute to Sri Lanka’s efforts to address the current economic difficulties. India has been the most helping country to its southern neighbor this year. The Indian government’s aid to beleaguered Sri Lanka has reached nearly $4 billion since January this year. Sri Lanka and the IMF signed a preliminary agreement in early September for a loan of about $2.9 billion.

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