Thursday, August 2, 2012

First India - Sri Lanka CEOs Forum Meeting to be held in Colombo on August 4

The first meeting of the India-Sri Lanka CEOs Forum, constituted by the Honourable Prime Minister of India, Dr. Manmohan Singh and the Honourable President of Sri Lanka, Mahinda Rajapaksa, will take place on August 4, 2012 in Colombo, Sri Lanka. The Forum, which has been set up to develop a roadmap for increased cooperation and mutually beneficial economic partnership between the two countries, will deliberate ways and means to enhance trade and investments between the two nations. The Indian Prime Minister has appointed Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Ltd. to be the Co-Chair from the Indian side while Mr. Kulathunga Rajpaksa, Executive Director, Samson International Ltd has been appointed to Co-Chair from Sri Lanka.
The bilateral trade between India and Sri Lanka trade was USD 4 billion in 2010-11 and has the potential to double to USD 8 billion within the next three years. It is worth noting that Sri Lanka is India’s largest trade partner in South Asia while India, in turn, is Sri Lanka’s largest trade partner globally. The trade between the two countries grew rapidly particularly after the India-Sri Lanka FTA came into force in March 2000. Between 2000-2008, the bilateral trade multiplied nearly five-fold. 

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