Sri Lanka provides 5-year visas to Indian entrepreneurs to promote investment

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Sri Lankan Minister Dhammika Perera has handed out 5-year visas to Indian business leaders in the island nation to promote investment in the country.

Taking to Twitter, the Indian High Commission in Sri Lanka said, “Honourable Minister @_dhammikaperera is handing over 5 year visas to #Indian business leaders in #SriLanka!! This is a welcome step in the improving the ease of doing business and promoting investment in Sri Lanka. Lanka.”

Earlier Wednesday, Indian High Commissioner Gopal Baglay met with Sri Lanka’s Commerce Minister and discussed various facets of trade.

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

India always comes forward to help Sri Lanka during its economic crisis. India sent aid worth billions of US dollars to rescue the cash-strapped Sri Lankan government, along with shipments of humanitarian aid, cooking gas, large quantities of fuel and medical supplies.

On June 3, the High Commissioner in Colombo Gopal Baglay handed over a total of 3.3 tons of essential medical supplies to the 1990 Suwaseriya Ambulance Service.

Baglay said Jaishankar was briefed on the impending shortage of medical supplies facing the Foundation during his visit to Suwaseriya headquarters in Colombo in March 2022.

India’s aid to Sri Lanka includes a massive $03 billion line of credit, the 40,000 metric tons of diesel, shipments of rice, milk powder and medicine worth $2 billion. rupees. Additionally, 40,000 metric tons of gasoline and 400,000 metric tons of cooking gas also arrived from India.

These humanitarian supplies come as a continuation of the Government of India’s continued support to the people of Sri Lanka in multiple forms such as financial aid, currency support, material supply and many more. These efforts prove that Prime Minister Narendra Modi’s “Neighborhood First” policy, which places engagement between people, is still active. These are complemented by the people of India who have also made generous donations to their brothers and sisters in Sri Lanka, according to the Colombo page.

Apart from humanitarian and monetary aid, India has also given $15 million to the Sri Lankan government for the promotion of Buddhist religious activities, Sathipattana says. India’s generosity has made every Sri Lankan citizen, and every political party praised for its benevolence.

India is becoming a stronger and more mutually beneficial partner for Sri Lanka. Apart from assistance during the pandemic and the fertilizer chaos, India is also donating commodities to island nations.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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