India show in Sri Lanka to boost investment and trade

July 30, 2012 (LBO) – India Show, an exposition of Indian business in Colombo to be held from August 03 has drawn over 100 exhibitors which will give a chance for the two countries to boost trade and investment as well as influence policy, officials said. “We hope this will be a platform to build partnerships which will promote investments with a view to intensify our economic engagement,” India’s deputy high commissioner P Kumaran said.

More than a 100 companies in automobiles, engineering, tourism, pharmaceuticals, food processing, handicrafts and agri-business will exhibit their goods and services.

In engineering for examples firms in textiles and garment machinery, earthmoving and construction machinery, oil and gas, mining and railway equipment will participating.

India’s commerce and industry minister Anand Sharma and a delegation of Indian businessmen will arrive in the country.

India’s Commerce Ministry, Confederation of Indian Industry and India Private Equity Foundation is organizing the show.

Trade Expansion

Two-way trade between India and Sri Lanka had reached 4.86 billion US dollars with Indians buying about 500 million US dollars of Sri Lankan goods and Sri Lankans buying the balance from India.