Sri
Lanka Deputy High Commissioner D Venkateshwaran is a busy man with the
change of regime in Sri lanka. All he wants is investment flowing into
Sri Lanka which has been plagued by the worst economic crisis with the
people of Island nation hitting the streets
"I will be visiting the southern southern states to woo investments into the Island nation. A Investor forum is also being planned next month," says Venkateswaran after Sri Lankan Prime Minister Ranil Wickeremesinghe took over the reins from Mahinda Rajapaksa last week.
While Venkateshwaran hails the Union government help in supplying 65,000 metric tonnes of Urea to Sri lanka for paddy cultivation season also called Yala season, he says the Island nation is now looking beyond doles.
With Sri lanka getting an aid of $1 billion from India and scouting for additional aid which could be around another $1 billion, Venkateshwaran says that the Island nation does not want to be dependent on doles alone. "We are looking for investment from Tamil Nadu and other southern states," he says.
Seeking India government's help in wooing investment in the Island nation, he said the Union government should talk to trade chambers and pharma companies to have a second round of investment in the Island nation. "These could be fresh investments or value added investments. They could start the manufacturing here and finish the rest in Sri Lanka," he said.
"We are not compelling anyone to invest in a particular area. They can invest in any part of Sri Lanka," he said. The Sri lankan government has brought in a law where apartments could be bought in Sri Lanka by foreigners in prime locations. These properties are much cheaper than the major Indian metros, he says.
On the protests, he said the majority of the protestors are youngsters. "As a result we have to break away from conventional thinking and act like them. We have to address their concerns and also bring in lifestyle changes catering to them," he says. He also says that Sri Lanka is looking for more tourism footfalls from India.
Venkateshwaran said that Sri Lanka to ward off the fuel crisis is also looking at the electric vehicle market in India. "We are keen to have charging stations in Sri lanka and also vehicles which have batteries that can be swapped," he says
"I will be visiting the southern southern states to woo investments into the Island nation. A Investor forum is also being planned next month," says Venkateswaran after Sri Lankan Prime Minister Ranil Wickeremesinghe took over the reins from Mahinda Rajapaksa last week.
While Venkateshwaran hails the Union government help in supplying 65,000 metric tonnes of Urea to Sri lanka for paddy cultivation season also called Yala season, he says the Island nation is now looking beyond doles.
With Sri lanka getting an aid of $1 billion from India and scouting for additional aid which could be around another $1 billion, Venkateshwaran says that the Island nation does not want to be dependent on doles alone. "We are looking for investment from Tamil Nadu and other southern states," he says.
Seeking India government's help in wooing investment in the Island nation, he said the Union government should talk to trade chambers and pharma companies to have a second round of investment in the Island nation. "These could be fresh investments or value added investments. They could start the manufacturing here and finish the rest in Sri Lanka," he said.
"We are not compelling anyone to invest in a particular area. They can invest in any part of Sri Lanka," he said. The Sri lankan government has brought in a law where apartments could be bought in Sri Lanka by foreigners in prime locations. These properties are much cheaper than the major Indian metros, he says.
On the protests, he said the majority of the protestors are youngsters. "As a result we have to break away from conventional thinking and act like them. We have to address their concerns and also bring in lifestyle changes catering to them," he says. He also says that Sri Lanka is looking for more tourism footfalls from India.
Venkateshwaran said that Sri Lanka to ward off the fuel crisis is also looking at the electric vehicle market in India. "We are keen to have charging stations in Sri lanka and also vehicles which have batteries that can be swapped," he says
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