SriLanka-India trade to hit 5 billion in 2010

Head of Mission and Indian Industry (CII) president and CEO, Somany Ceramics Ltd, Somany Shreekat Federation members said that trade between Sri Lanka and India reached U.S.-India Free Trade Area (FTA) signed after $ 2.5 billion by 2010, Sri Lanka and we believe that the U.S. will reach 5 billion dollars.

Addressing media in Colombo, he said trade between the two countries improve the investment climate can be. Sri Lanka, India's exports are worth $ 2.25 billion, while Sri Lankan exports to India are worth $ 470 million.

Somany said that there are many more free trade agreements in the fields to explore what is important for both countries agreed to establish a working group as soon as possible to discuss the tariff and nontariff barriers.

He said the 12-member delegation of education, health care, paper, steel in areas such as investment and interest in the field of IT services. He said the businessmen of Sri Lanka and education in the fields of sugar they wanted to invest. health sector, discussions are continuing and we believe will soon be finalized.

He said due to rapid industrialization will be a shortage of skilled labor in both countries. Therefore, as a solution, in India we have already started plans for the end. Name of power development initiatives effectively, we have 1,000 trained in the areas of plumbing. They IIT in partnership with government to improve the skills of its workforce in the country operate.

He also said Ceylon Chamber of Commerce to work with the labor force in Sri Lankan companies invited to meet the challenges of future.He to improve the skills of the Partnership Summit, held from January 16 -18 want to visit be in New Delhi, where more than 1,000 delegates are expected.

Somany Sri Lanka called for product performance or display of Sri Lanka to host the exhibition. He said the CII is a non-governmental, non-profit, industry led and industry managed organization in India plays an active role in the development process.

112 years ago as around 362 national and regional public sector and regional organizations, an indirect membership of over 90,000 companies and 7,000 private organizations with direct membership is a trade association of India established leader.

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