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India to invest $2b in Sri Lanka over 3-4 years

byCT Report
28/09/2016
in Uncategorized
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COLOMBO: India will invest $2 billion in Sri Lanka in the next three-four years, Commerce and Industry Minister Nirmala Sitharaman said on Tuesday.

India will invest $2 billion in Sri Lanka in the next three-four years, Commerce and Industry Minister Nirmala Sitharaman said on Tuesday.

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Ms. Sitharaman, who was here for talks on the Economic and Technological Cooperation Agreement (ETCA), called on Prime Minister Ranil Wickremesinghe and later met senior Ministers to discuss the terms of the agreement.

“Of course, there are issues that will have to be sorted out in good detail,” she said, adding that while opportunities exist, it was important to recognise that the negotiations had to be done in detail.

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