19th April 2011, www.thehindubusinessline.com
Asking US entrepreneurs to invest in Sri Lanka, the Sri Lankan Minister for International Monetary Cooperation, Mr Sarath Amunugama, has said that this will also help them tap the huge Indian market given a free trade agreement between New Delhi and Colombo.
Highlighting the India-Sri Lanka Free Trade Agreement, the Minister told a group of leading US entrepreneurs at a luncheon here that Sri Lanka was an excellent launching pad to enter major regional markets, in particular India.
Promoting Sri Lanka as one of the most stable and safest places to do business in Asia, he said: “The war is a thing in the past, and Sri Lanka now ranks as one of the most stable and safest places to do business.”
“With over eight per cent growth in 2010 and other numerous macro-economic achievements, Sri Lanka is on course to join the second tier countries, a grouping which includes economies such as South Africa and Vietnam,” he added.
Held in collaboration with the Sri Lankan Embassy, the luncheon was hosted by the Business Council for International Understanding (BCIU), a body created by a White House initiative in 1955 under the leadership of President Eisenhower, which facilitates dialogue and alliances between world businesses and political leaders.
The BCIU membership includes over 150 leading businesses in the world.
The Sri Lankan Ambassador to the United States and Mexico, Mr Jaliya Wickramasuriya, and the IMF Alternate Director for India, Sri Lanka, Bangladesh and Bhutan, Mr Nandalal Weerasinge, joined the meeting.
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