News


Sri Lanka Vision 2025 Offers Scope for India Inc.

Jun 13, 2018

World Trade Centre Mumbai organised an interactive meeting on Trade and Investment Opportunities in Sri Lanka in honour of H. E. Mrs. Chitranganee Wagiswara, High Commissioner of Sri Lanka in New Delhi in association with All India Association of Industries. H.E. Mrs. Wagiswara said, “Indian companies must participate in Government of Sri Lanka’s Vision 2025 programme, which will position the country as an export-oriented economic hub in the Indian Ocean. Under this programme, Government of Sri Lanka aims to raise its per capita income to USD 5,000 per year, create one million new jobs, enhance FDI to USD 5 billion, double exports to USD 20 billion per year, which could make Sri Lanka an upper-middle income country by 2025”.
H.E. Mrs. Wagiswara further said, “Sri Lanka has preferential market access to 3 billion consumers since it signed free trade agreements (FTA) with Singapore, Pakistan and India. Colombo port has been ranked 13th best connectivity port in South Asia. Sri Lanka is committed to improve ease of doing business ranking from 110 in 2017 to 70 by 2020.”

The High Commissioner emphasised the potential in hospitality and tourism sectors and suggested that both countries can promote dual destination for tourism. Government of Sri Lanka is attracting Indian tourists through promotion of Ramayana Trail.

Mrs. Chamari Rodrigo, Consul General of Sri Lanka in Mumbai said, “We invite India’s participation in the Western Region Megapolis Plan and the Colombo Port City Project that will generate investment opportunities in infrastructure, transport, real estate, both commercial and residential, large scale affordable housing programmes, financial and IT-enabled services, logistics, ports and airports, manufacturing, industrial zones, training and skill development centres. The Colombo Port City Project is a special financial zone that will become an International Financial Centre.”

Mr. Siddhartha Rastogi, Director - Asset Management, Ambit Capital Private Limited made a presentation on the synergises for Sri Lanka-India to forge fruitful collaborations.

Mr. Vijay Kalantri, Vice Chairman, MVIRDC World Trade Centre Mumbai said, “Indian companies can use Sri Lanka as a hub for export to EU and USA since it enjoys preferential market access. Being a small country, everything is relatively accessible and projects can be implemented within time limit in Sri Lanka.”

Top photo:
From (L-R): Mrs. Chamari Rodrigo, Mr. Kamal Morarka, H.E. Mrs. Chitranganee Wagiswara, and Vijay Kalantri.

Below photo:
Mr. Vijay Kalantri felicitating H.E. Mrs. Chitranganee Wagiswara.