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Efforts to promote wide-ranging South Indian investments in Sri Lanka – 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, corresponding to, commerce, tourism, training and South Indian tradition. However presently Sri Lanka is barely 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 numerous funding areas, together with vehicle equipment, prescribed drugs, meals and agricultural sectors, with the precise 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 instructed The Island Monetary Assessment.

Venkateshwaran added: “Sri Lanka has signed free commerce agreements with India, Pakistan and Singapore and is presently 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 come back and open up cement factories, electrical automotive manufacturing crops, sugar factories and mining crops in Sri Lanka.

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

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

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

“Sri Lanka has lots to supply South Indian vacationers, particularly the Ramayana path, and Chilaw is likely one of the fashionable and vital Ramayana-related locations in Sri Lanka as it’s residence to the favored Munneswaram Temple and Manavari Temple. These two temples are the principle Ramayana- associated locations which might be promoted as a part of the Sri Lanka Ramayana Tour.

“India, being a extremely technologically developed nation, its agricultural and technological know-how might be transferred to Sri Lanka. At current I’m within the means 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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