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Our Bureau

The Prime Minister of Sri Lanka, Mr Mahinda Rajapaksa, with the Finance Minister, Mr P. Chidambaram, in the Capital on Sunday. — Ramesh Sharma

New Delhi , July 18

INDIA is likely to review its double taxation avoidance agreement with Sri Lanka, besides looking at providing a line of credit to the island nation.

This was indicated by the Finance Minister, Mr P. Chidambaram, after a meeting with the visiting Sri Lankan Prime Minister, Mr Mahinda Rajapaksa, on Sunday.

Besides discussing ways for enhancing economic co-operation between the two nations, the leaders also exchanged views on the existing free trade agreement between India and Sri Lanka.

Future areas of co-operation could include milk and dairy processing, fruits, horticulture and road infrastructure, the Finance Minister said.

Mr Chidambaram also gave the details of the Golden Quadrilateral Project to the Sri Lankan Premier.

The Food and Agriculture Minister, Mr Sharad Pawar, also called on the Sri Lankan Premier.

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