Significant Increase Possible In India-Sri Lanka Bilateral Trade

Apex industry chamber, ASSOCHAM extended a warm welcome to Sri Lankan President Gotabaya Rajpaksa and noted that the visit would provide a great momentum to bilateral trade and investment relations which can leverage huge geo-cultural commonalities between the two nations. The chamber noted that the advantages of proximity of the beautiful island nation with India and cultural, historic relations between the people of the two countries and it is possible to significantly increase bilateral trade from the present level of about USD 7 billion. Mutual investment can also flourish in a number of areas, including ports, airports, highways, metro rails, telecommunication, petroleum products and hydel power.

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