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Friday, August 27, 2010 - 5.20 GMT |
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Lanka, heading
to a new era – Actg Indian High Comm |
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“With the restoration of peace Sri Lanka is heading to a new era. The country is now addressing equity, development and enterprises, and India being a close friend of Sri Lanka is ready to assist the emerging economy of the country,” stated Acting Indian High Commissioner Vikram Misri speaking at the presentation and discussion on the fifth Vibrant Gujarat Global Investors Summit (VGGIS) to be held in Gujarat, India.
He said Sri Lanka must focus on economic and social growth to expand the benefits from peace.
The VGGIS will be an enormous opportunity for the Sri Lankan industrialists to expand their business out of the country.
Although the Indo-Sri Lanka Free Trade Agreement collateral concluded ten years ago, bilateral trade between the countries has grown steadily during the past two years.
“Private sector partnerships have given much promise to both Sri Lankan and Indian entrepreneurs to build and enhance their business capacities in the two nations,” Misri said.
Tata, Ashok Leyland, and Airtel has made tremendous improvement by investing in Sri Lanka and companies such as MAS Holdings, Brandix, Damro and John Keells has made their flagships in the Indian market very strongly.
MAS Holdings recently won the Product of the Year Award for their excellent performance shown in the Indian market.
These corporate are examples for twin objectives, where value-added benefits are offered to the consumers and to the development of the nation, the Act High Commissioner said.
He said Sri Lanka and India signed a MoU to set up a Women Self-employment Unit in the Eastern Province. This will support the women entrepreneurs to develop their skills while creating linkages to the markets.
“Sri Lanka is emerging as a strong economy in the South Asian region and it is timely that the country should embark on the opportunities and challenges to show a development,” Rasna Chairman and Managing Director Piruz Khambatta said.
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