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India, Sri Lanka urged to be more open; new trade deal expected in December

India, Sri Lanka urged to be more open; new trade deal expected in December

India and Sri Lanka are likely to sign a new trade deal by December and both countries should be more open in order to improve competitiveness and attract foreign direct investments, said Indian Council for Research on International Economic Relations Chief Executive Rajat Kathuria. “There is optimism that…

Indian grant for 5,000 tonne cold storage in Sri Lanka

Indian grant for 5,000 tonne cold storage in Sri Lanka

India Monday signed an agreement with Sri Lanka to grant 300 million rupees to build a 5,000-metric ton temperature controlled warehouse to reduce post-harvest losses and price swings in agriculture. The facility will be in Dambulla in the Central Province, a key farming region. “The project envisages construction…

Vision Care & Luxottica showcase their new eyewear collection

Vision Care & Luxottica showcase their new eyewear collection

  Vision Care Optical Services (Pvt) Ltd showcased  their new eyewear collection at their newly opened showroom at 505 Union Place in Colombo  on Friday. M0dels walked the ramp showcasing many designs from  505 featuring  Luxottica label top international high-end designer eyewear brands such as Giorgio Armani, Bulgari, Burberry, Coach,…

No duty-free edible oil from Bangladesh, Sri Lanka

No duty-free edible oil from Bangladesh, Sri Lanka

India allowing duty-free import of edible oil from Bangladesh and Sri Lanka under South Asian Free Trade Area…

Colombo cuts rates after India eases cabotage rules

Colombo cuts rates after India eases cabotage rules

Colombo port, which thrives on Indian cargo containers that passes through it, has cut transshipment rates by 9.5…

China proposes gold exchange in Sri Lanka

China proposes gold exchange in Sri Lanka

China has proposed setting up an international gold exchange and a gem and jewellery hub in Colombo, Sri…

‘Lanka among top five fastest growing tourism markets’

‘Lanka among top five fastest growing tourism markets’

GlobalData has ranked Sri Lanka as the fourth fastest growing tourism market in the world. Iceland, Japan, Hungary,…

Lanka’s plans for boosting FDI, exports explored in report

Lanka’s plans for boosting FDI, exports explored in report

Sri Lanka’s broad-based plans for boosting both foreign direct investment (FDI) and exports are explored in detail in…

Sri Lanka eyes 20% jump in travellers from India in FY19

Sri Lanka eyes 20% jump in travellers from India in FY19

Sri Lanka is looking at a near 20 per cent rise in travellers from India during FY19. Apart…

Call for Lanka to promote more intra-Commonwealth trade, investment

Call for Lanka to promote more intra-Commonwealth trade, investment

Sri Lanka should promote more intra-Commonwealth trade and investment as there are growing opportunities in this area, said…

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