With the end of the war and the opportunity created by the ensuing peace Sri Lanka has become the preferred place for investment. With a great opportunity for economic development available, India has shown a vibrant interest to play a key and prominent role in the development of Sri Lanka.
The ‘Key Persons forum’ was organized by the Federation of Chambers of Commerce and Industry of Sri Lanka in Colombo recently for the purpose of bringing key figures in both commerce and industry of both countries together at a forum which they discuss and issues with the view to facilitate development.
Speaking at the occasion, Indian High Commissioner Ashok K. Kantha said, “The main delay (in increasing trade and investment) is the non signing of the CEPA agreement.
Though there are some concerns about certain sections of this agreement one must look at the big picture. Because the delay has a price. The price is opportunity lost.”
He said India is interested in the development of Sri Lanka and being the closest neighbor it is in a position to play a significant role in the country’s development. India is the 4th largest investor in Sri Lanka and its main economic partner. |
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