• Last Update 2024-07-22 22:00:00

India underlines need to strengthen economic ties with Sri Lanka 

Business


India has underlined the need of further expanding the wide-ranging bilateral cooperation with Sri Lanka to effectively and expeditiously address the unprecedented challenges created by the COVID-19 pandemic.   

Indian High Commissioner Gopal Baglay expressed this view at a virtual event titled “Deepening Economic Collaboration between India and Sri Lanka” held yesterday.

This event was organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with the Lakshman Kadirgamar Institute of International Relations and Strategic Studies, according to a media release issued by the Indian High Commission.

The Indian High Commissioner spoke about the dynamic and comprehensive ties between India and Sri Lanka. 

He observed that today’s situation calls for policies oriented to the future that balance the need for economic security with the efficient utilisation of complementary economic strengths of our two countries.

He outlined a few promising areas for Indo-Lanka collaboration such as infrastructure, energy, connectivity, IT, agriculture, manufacturing, pharmaceuticals, tourism, and education. 

Sustained engagement in these and other mutually beneficial areas will thrive in an encouraging and enabling environment, underpinned by a consistent and predictable policy outlook.

He added that building more comprehensive long-term ties between commercial entities of the two countries will enhance capacity, promote employment, and increase prosperity.

Secretary, Ministry of Foreign Affairs, Ravinatha Aryasinha and the President of FICCI, Dr. Sangita Reddy participated in the event. (BS)

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