Indian delegation to visit Sri Lanka next week

INDIA: A high level Indian business delegation led by Minister of State for Commerce Jairam Ramesh, will visit Sri Lanka next week to give a boost to trade and investment between both countries.

“The Minister of State for Commerce, Jairam Ramesh is leading a high-powered investment delegation for discussions with the Sri Lankan Government on investment opportunities for Indian companies here,” a senior Sri Lankan official said.

Representatives from Indian textile, IT and infrastructure companies, including Reliance, L&T, Mahindra and Mahindra, Aditya Birla Group, Indo-Rama, Vardhman, Arvind Mills, IOC, Quatrro, Virtusa and others would also accompany the delegation.

Among other engagements, they will have detailed discussions with Investment Promotion Minister Navin Dissanayake and Sri Lankan Board of Investment (BOI) officials.

This would be the third SAARC country to be visited by Jairam Ramesh after Bangladesh and the Maldives, in pursuit of closer economic ties between India and its neighbours.

The Indian Minister is also expected to call on other Ministers to review the implementation of the India-Sri Lanka Free Trade Agreement that came into force in March 2000, the official said. PTI