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India says its free trade agreement with Sri Lanka would benefit future development activities in the island

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The High Commissioner of India to Sri Lanka Taranjit Singh Sandhu says that the signing of the proposed free trade agreement between India and Sri Lanka would empower the ongoing development activities in the island.

Taranjit Singh who was appointed the new High Commissioner of India to Sri Lanka expressed these views when he met Finance Minister Ravi Karunanayake at the Ministry of Finance Thursday (February 02).

Indian High Commissioner Taranjit Singh Sandhu told the Finance Minister during the meeting that further strengthening the bilateral ties between India and Sri Lanka are of paramount importance for both countries. He said India expects both countries will be able to sign the proposed free trade agreement without further delay.

The High Commissioner said that the proposed free trade agreement will bring a lot of privileges to Sri Lanka and said that his country has drawn attention to further diversify the existing Indian projects in the island.

High Commissioner Taranjit Singh also said that Sri Lanka has stepped forward in its economic development endeavor and India is ready to assist Sri Lanka in its future development efforts.

Responding to the Indian High Commissioner, Finance Minister Ravi Karunanayake said that the assistance given by neighboring India is highly appreciated by Sri Lankans.

The Minister further said that the International community including world’s powerful countries has agreed to assist Sri Lanka in its future forward march in respect of the transparent foreign policy of His Excellency President Maithripala Sirisena and Honorable Prime Minister Ranil Wickremesinghe.

Deputy High Commissioner of India to Sri Lanka Arindam Bagchi was also present in the meeting.


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