Friendly Overtures

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

India says it is looking at new areas for enhancing economic cooperation with Sri Lanka, including agriculture, and a line of credit for the island nation was in the pipeline.rn
New Delhi will also reivew the double taxation avoidance treaty with Colombo, Union Finance Minister P Chidambaram said after a meeting with visiting Sri Lankan Prime Minister Mahinda Rajapakse.rn

rn”We discussed areas of future cooperation. They are eager to learn from our experience,” he said, adding India was considering a line of credit for Sri Lanka and the details will be worked out.rn

rnFuture areas of cooperation included milk and dairy processing, fruits, horticulture and road infrastructure, he said, adding “substantial talks will be held when the two Prime Ministers meet”.rn

rn “It was a general exchange of views as you know we have a Free Trade Agreement with Sri Lanka. We were also discussing other agreements. I discussed progress of agreements in other areas and FTA. There are one or two problems which we wi

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