The Indian economy is set to double to US$ 5 trillion in the next 7-8 years as booming consumption of digital services are expected to support the addition of about US$ 2.5 trillion to the country’s wealth
Sri Lanka’s improving relations with China and India along with the country’s geographic location has reportedly resulted in the setting up of a new US$ 50 million Sri Lanka Opportunity Fund
Sri Lanka based Hela Clothing has reportedly said a factory set up in Ethiopia with 800 workers had become the most efficient in the country and that the group is now looking at an expansion in Africa to 8,000 worker.
The Sri Lankan government has decided to purchase 50 electric buses for the proposed Bus Rapid Transit (BRT) system, which is aimed at improving the public transport service in urban areas.
The government of Sri Lanka has reportedly sought proposals from banks and investment houses to sell up to US$ 2 billion in sovereign bonds in 2018.