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CSE suffers circuit breaker below one minute of starting trading – The Island

‘However, SL most famous among Indian tourists for only casinos and other entertainment forms’

By Hiran H.Senewiratne

Lankan authorities are taking a look at selling in Sri Lanka, South Indian investments in sectors, equivalent to, commerce, tourism, training and South Indian tradition. However at present Sri Lanka is just well-known for casinos and different types of leisure amongst Indian vacationers, Sri Lanka’s Deputy Excessive Commissioner in Chennai Dr. D. Venkateshwaran stated.

” We are actually taking a look at selling and attracting South Indian industrialists to Sri Lanka in several funding areas, together with vehicle equipment, prescribed drugs, meals and agricultural sectors, with the particular intention of utilizing Sri Lanka as a value- addition centre, concentrating on additionally using the free commerce agreements signed by Sri Lanka, Deputy Excessive Commissioner Dr.D.Venkateshwaran informed The Island Monetary Assessment.

Venkateshwaran added: “Sri Lanka has signed free commerce agreements with India, Pakistan and Singapore and is at present negotiating an FTA with the PRC. The FTAs with India and Pakistan cowl solely commerce in items. The agreements present for duty-free entry in addition to obligation preferences for manufactured and agricultural items.

“I’m now negotiating and discussing with main South Indian industrialists to return and open up cement factories, electrical automobile manufacturing vegetation, sugar factories and mining vegetation in Sri Lanka.

“At current 14 flights are related and we’re planning to advertise extra finances airways, particularly to the Ratmalana airport, to draw extra South Indian vacationers and industrialists to Sri Lanka.

“Sri Lanka has monumental potential to advertise itself as a significant vacationer vacation spot amongst South Indian vacationers due to the historic and cultural linkages. Nonetheless, sadly, journey brokers are taking them to solely Kandy and Katharagama.

“My diplomatic jurisdiction covers states, equivalent to, Tamil Nadu, Andhra Pradesh, Telangana, Kerala, Karnataka and Pondicherry, which encompass 300 million folks. And people folks’s shopping for energy could be very excessive with the fast progress within the South Indian area, particularly Chennai.

“Sri Lanka has so much to supply South Indian vacationers, particularly the Ramayana path, and Chilaw is among the fashionable and necessary Ramayana-related locations in Sri Lanka as it’s house to the favored Munneswaram Temple and Manavari Temple. These two temples are the principle Ramayana- associated locations which could be promoted as a part of the Sri Lanka Ramayana Tour.

“India, being a extremely technologically developed nation, its agricultural and technological know-how could be transferred to Sri Lanka. At current I’m within the strategy of discussing with South India’s largest agricultural group for coaching Sri Lankan agricultural personnel and bringing high quality seed to Sri Lanka to distribute amongst native farmers.

“A road show will be organized for South Indian investors to promote the Port City as well. I am planning to discuss with an Indian university to come and set up one of its campuses in Sri Lanka.” Sri Lankan Deputy Excessive Commissioner stated.

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