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Tuesday, July 28, 2009 - 05.08 GMT

Sri Lanka keen on new investments from India

 

Sri Lanka is looking at investments from India to key sectors to assist the rebuilding programme initiated by the Government, said Deputy High Commissioner for Sri Lanka in Chennai, P.M. Amza on Monday.

Addressing a felicitation function hosted by the Andhra Chamber of Commerce to mark the conclusion of his three-year tenure in Chennai, Mr. Amza said that the Sri Lankan Government had identified investment areas such as infrastructure, agriculture, tourism and fisheries.

He said of the two Special Economic Zones (SEZ) planned to be established, the site for the SEZ at Trinconmalee had already been identified and the search for an ideal location for the unit proposed at Killinochi was progressing.

Sri Lanka’s Board of Investment would also lead trade delegations to India in September. A business delegation was also scheduled to visit southern cities, possibly including Chennai, in November, he further said.

Stating that he saw immense potential for expansion of bilateral trade, Mr. Amza added that trade ties had improved remarkably following the signing of the Indo-Sri Lanka Free Trade Agreement that put 4,200 items under zero duty category.

Trade and investment would increase when the two countries firmed up the Comprehensive Economic Partnership Agreement for goods and services, he said.

Among the measures undertaken following the restoration of normalcy in Sri Lanka was the proposed resumption of the Kochi-Colombo ferry service, he said.

Replying to a question, he said the Government had accorded top priority to resettle Internally Displaced Persons (IDPs) by the year-end.








 


 
   
   
   
   
   

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Last modified: July 28, 2009.

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