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Home India

Lanka issues 5-year visas to Indian business leaders to boost investment

by Nick Erickson
July 3, 2022
in India
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Lanka Gives 5-Year Visas To Indian Business Leaders To Promote Investment
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India has sent aid worth several billion dollars to Sri Lanka.

Colombo:

Sri Lankan minister Dhammika Perera handed over five-year visas to Indian business leaders on the island to promote investment in the country.

On Twitter, India’s High Commission in Sri Lanka said: “Dear Minister @_dhammikaperera handing over 5-year visas to #Indian business leaders in #SriLanka!! This is a welcome step in increasing the ease of doing business and promoting investment in Sri Lankan.”

Earlier on Wednesday, India’s Colombo High Commissioner Gopal Baglay met with Sri Lanka’s trade minister and discussed various facets of the trade.

“The High Commissioner met today with Trade Minister Nalin Fernando. They discussed various facets of bilateral trade such as increasing trade volume, creating platforms to facilitate business ties between India and Sri Lanka,” the Indian Embassy in Sri Lanka tweeted. lanka.

India has sent aid worth several billion dollars to rescue the ailing Sri Lankan government, accompanied by shiploads of humanitarian aid, cooking gas, large quantities of fuel and medicines.

On June 3, Mr Baglay handed over a total of 3.3 tons of essential medical supplies to the 1990 Suwaseriya Ambulance Service.

Mr Baglay said Foreign Minister S Jaishankar was made aware of the impending shortage of medical supplies facing the Foundation during his visit to Suwaseriya headquarters in Colombo in March.

India’s aid to Sri Lanka includes a massive $3 billion credit line, 40,000 tons of diesel, shipments of rice, milk powder and medicines worth Rs 2 billion. In addition, 40,000 tons of gasoline and 4,000,000 tons of cooking gas came from India.

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