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Kochi, April 30

A six-member delegation for business promotion from the Ceylon Chamber of Commerce, Sri Lanka, met with members of the Indian Chamber of Commerce and Industry.

Areas of interest

The delegation's areas of interest included export of rubber products, fruits and vegetables, sesame seed, tamarind and pulses; and import of cotton yarn, chemicals, synthetic rubber, machinery, rubber process oil, footwear components, hybrid seeds, pulses, onions and potatoes.

Addressing the gathering, Mr S. Sarath Chandra De Silva, leader of the delegation, touched upon Sri Lankan trade, investment and economy.

He said that with the end of the troubled situation in Sri Lanka, there were great opportunities for investments.

With the Sri Lanka–India FTA in place for over a decade, Sri Lanka is looking at closer links with India and the SAARC region.

He said Sri Lanka presented untapped potential in three sectors — solar and wind power, healthcare and agriculture — and they would explore opportunities for entering into ventures as India is strong in these sectors.

With the expansion of the Hambantota port/ airport, Sri Lanka anticipated increase in investments and tourist traffic, he said.

Mr Jasbir Singh Chawla, ICCI President, said the interactive session was aimed at promoting two-way trade, infrastructure and joint ventures.

He also proposed an MoU between the two chambers of commerce.

(This article was published in the Business Line print edition dated May 1, 2010)
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