Saturday, March 3, 2012

India- Sri Lanka economic relation

The growing economic engagement between the two countries is underpinned by strong trade and investment flows. The two-way trade has zoomed from $500 million in 1999 to over $4 billion in 2011. India’s investments into Sri Lanka too are on the rise. The cumulative investment, which was $24 million in 2000, exceeded $600 million in 2011.
India is also involved in big way in the post-war reconstruction in Sri Lanka. The projects that India is involved include: Renovation of Palaly Airport and Kankesanthurai Harbour, construction of a Cultural Centre in Jaffna, interconnection of electricity grids between the two countries, construction of a 150-bed hospital at Dickoya, and setting up a coal power plant in Sampur as a joint venture between National Thermal Power Corporation (NTPC) and the Ceylon electricity Board.

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