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The Indian Merchants’ Chamber and the National Chamber of Commerce of Sri Lanka have signed a memorandum of understanding to promote bilateral trade and investments in both the countries.
A business delegation representing different segments including spices, herbal product, dry fruit, aerosol products, cosmetic chemicals, engineering and fabrication and IT/ITES visited Sri Lanka to explore various opportunities. The delegation was led by Bhaskar Shah, Vice-Chairman of Spices Board of India, and RK Jain, Chairman, IMC, Navi Mumbai.
In the first seven months of this fiscal, Indian exports to Sri Lanka grew 14 per cent to $3.71 billion while imports were at $327 million, up seven per cent.
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