Sri Lanka to attract Indian investments

Feb 13, 2015 (LBO) – Sri Lanka’s new administration plans to attract Indian Investments in to the Indian Ocean Island, and to develop strong relationship with India with the proposed visit of President Sirisena’s to India in mid – February. We have only got loans with high interest under the previous regime but not investments, Kiriella said.

"We did not get investments because of the absence of the rule of law and media freedom under the former regime.

"From India we hope to get investments. If we have good relations with India we don’t need other countries because you can sell so many things to India."

Kiriella said that the Foreign Direct Investment was less in 2014 than the previous year. Sri Lanka plans to develop strong relationship with India through President Sirisena’s visit, Plantations Industries Minister Lakshman Kiriella said at a news conference held yesterday.

We need investments not loans.

"In the last few years India and Sri Lanka have had disagreements, especially in international organizations. We hope to have a new beginning with India," he said.

"We attach great importance to our relationship with India. Our relationship with India is the cornerstone of our foreign