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

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India has sent billions of US dollars in aid to Sri Lanka.

Dove:

Sri Lankan Minister Dhammika Perera has handed out five-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 to Colombo Gopal Baglay met 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 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, 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 briefed on 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 line of credit, 40,000 metric tons of diesel, shipments of rice, milk powder and medicine worth Rs 2 billion . Additionally, 40,000 metric tons of gasoline and 4,00,000 metric tons of cooking gas also arrived from India.

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