Indian businesses are perhaps the ‘best suited’ to partner with Sri Lanka – High Commissioner

A country session dedicated to India was held on June 9 in virtual format at the Sri Lanka Investment Forum (SLIF) 2021 organised by the Board of Investment (BoI) of Sri Lanka, the Ceylon Chamber of Commerce (CCC), and the Colombo Stock Exchange.

The dedicated session comprised remarks by several dignitaries including High Commissioner of India Gopal Baglay and State Minister for Regional Cooperation Tharaka Balasuriya.

Outlining the comprehensive nature and scope of Indian investments in Sri Lanka, High Commissioner underlined the importance of private sector participation and noted that Indian business and industry are perhaps the best suited to partner with Sri Lanka by virtue of proximity, familiarity, and longstanding ties between the two sides. He mentioned that expedited implementation of bilateral projects would enhance investor confidence and boost economic growth. Stable and predictable policies were identified as being the key for promotion of economic interactions. 

High Commissioner emphasized India’s readiness for an economic partnership for 21st century to usher in sustained and rapid growth and shared prosperity. He underlined that future of economic and commercial bilateral partnership could focus on areas such as ports, shipping, connectivity, logistics, energy/renewable energy, IT, tourism and hospitality, transport, real-estate, health, education and agriculture.