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Wednesday, 02 July 2025 00:00 |
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No More Unpleasant Experiences of Corruption in Investments
– President
Indian entrepreneurs state that they are currently directing their attention towards new investment prospects in Sri Lanka, particularly in sectors like energy, infrastructure, the digital economy, tourism and agriculture, as well as on enhancing entrepreneurial capacity.
A delegation of around 20 Indian entrepreneurs, comprising heads of several prominent Indian companies, is currently engaged in an active programme in Sri Lanka, coordinated by the Confederation of Indian Industry (CII), with the aim of further developing existing investment opportunities and exploring new prospects. These comments were expressed during the delegation’s meeting with President Anura Kumara Disanayake this afternoon (01) at the Presidential Secretariat.
The delegation is visiting Sri Lanka following an invitation extended by President Anura Kumara Disanayake during his recent official visit to India. The Indian delegation held discussions with several Sri Lankan Ministers and with officials from key government institutions, including the Board of Investment of Sri Lanka.
President Disanayake emphasized that the country has now established a more favourable environment for investors, owing to the current economic stability.
The President briefed the Indian business representatives on the constructive measures implemented by the government to create a supportive economic climate and conditions conducive to investment. He further noted that the government has strengthened the legal framework and institutional system necessary to attract and sustain large-scale investments. He assured that under the present administration efforts have been made to eliminate the losses and corruption previously associated with investments.
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Tuesday, 01 July 2025 00:00 |
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Tuesday, 27 May 2025 00:00 |
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Thursday, 22 May 2025 05:46 |
The 24th Council of Ministers (COM) Meeting of the Indian Ocean Rim Association (IORA) successfully concluded on 21st May 2025 under the Chairmanship of Hon. Vijitha Herath, Minister of Foreign Affairs, Foreign Employment, and Tourism of Sri Lanka. The meeting was preceded by the 27th Meeting of the Committee of IORA Senior Officials, held from 19–20 May 2025 and chaired by Foreign Secretary Aruni Ranaraja under the theme “Sustainable Indian Ocean for Future Generations.” The meetings were held in the virtual format.
Prime Minister, Foreign Ministers and senior representatives from 23 IORA Member States and 12 Dialogue Partners participated at the COM along with the Secretary General of IORA. Deliberations focused on advancing cooperation in IORA’s six priority areas: Trade and Investment, Maritime Safety and Security, Fisheries Management, Disaster Risk Management, Academic, Science and Technology Cooperation, Blue Economy and Women’s Economic Empowerment. The Council considered recommendations put forward by the Senior Officials at their meeting yesterday.
The Ministers adopted the IORA Guidelines on Illegal, Unreported, and Unregulated (IUU) Fishing, as well as IORA’s Climate Agenda, both significant steps towards promoting environmental sustainability in the region. The Council also welcomed the European Union as its newest Dialogue Partner, further strengthening the Association’s international engagement. The Colombo Communiqué, highlighting progress achieved since the previous COM held in October 2023, was also adopted by the 24th COM.
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Monday, 12 May 2025 06:19 |
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