Business
September 11, 2023
3 min

India and Sri Lanka lay the groundwork for closer economic ties - East Asia Forum

Sri Lankan President Ranil Wickremesinghe's recent visit to India focused on fostering economic ties and bilateral connectivity. The joint statement issued after the meeting highlighted the importance of logistics, energy, and tourism in the partnership. Key projects include building an oil pipeline and connecting the electricity grids between the two countries. Additionally, Sri Lanka aims to leverage India's digital infrastructure for government services. Further efforts to integrate Sri Lanka into India's emerging supply chain framework and encourage investment from Sri Lankan firms in South Indian states are necessary for stronger bilateral trade.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry