Sri Lanka’s economic relations with India to play a crucial role in making Island an economic hub: Chamber CEO

Feb 09, 2015 (LBO) – Sri Lanka’s economic relations with India will play a crucial role in making Sri Lanka an international logistic hub, Chief Executive of the Ceylon Chamber of Commerce said in a statement. Sri Lanka needs to appreciate the unprecedented opportunity that is emerging in India and within South Asia, Mangala P. B. Yapa, Chief Executive of Ceylon Chamber of Commerce was quoted.

We can see a new developments in the India-Sri Lanka relationship. Our President will be visiting India and the Indian Prime Minister is expected to visit Sri Lanka shortly and these high-level visits will set the pace and direction for further enhancing of economic ties between the two nations.

He said the relation between both countries will help to tap the growing market opportunity in India as it has a growing manufacturing and a consumption base coupled with its growing middle class.

Yapa, made these observations during a discussion held with DarjaBavdaz – Kurat, New Delhi based Slovenian Ambassador for Sri Lanka and India.

Sri Lanka is geographically located in the most enviable position to access the Indian market and therefore makes an ideal location for Slovenian busines