Indian CEO Forum discusses economic collaboration with Invest India’s ex-CEO
Daily FT: The Board of the Indian CEO Forum (ICF) recently held a productive and interactive meeting with Former Managing Director and CEO Deepak Bagla of Invest India – the national investment promotion and facilitation agency in India.
The meeting, focused on mobilizing investments in Sri Lanka, provided a platform for insightful discussions and strategic collaborations.
During the meeting, the ICF and Deepak Bagla engaged in a detailed conversation about the Shine Lanka project, an initiative by the Indian CEO Forum to bring Indian investments to Sri Lanka and assist Sri Lankan companies in investing in India.
Drawing from his rich experience, Deepak Bagla shared valuable insights and ideas to ensure the success of this significant project and assured his support to take it forward.
The Indian CEO Forum in Sri Lanka functions as a dynamic platform uniting influential and prominent business leaders of Indian origin actively contributing to the economic and business landscape of Sri Lanka. Established to foster collaboration, the Indian CEO Forum facilitates networking opportunities among Indian CEOs and executives in Sri Lanka. The Indian CEO Forum said it looks forward to furthering collaborations with Invest India and believes that such initiatives will contribute significantly to the economic growth of both India and Sri Lanka.
OSL take:
Sri Lanka and India enjoy strong bilateral and trade ties that have been further strengthened by an operational free trade agreement (FTA). The two countries are currently working towards a further enhanced economic and technical partnership through the proposed ETCA agreement. India is also a key development partner of Sri Lanka with many engagements in Sri Lanka’s development programmed. The strong ties between Sri Lanka and India, the close proximity of the two countries and the expanding economic activities as well as business/investment opportunities in Sri Lanka have attracted many Indian businesses/investors to the island nation. The growth and profits recorded by Indian business ventures in Sri Lanka and the entrance of more Indian businesses into Sri Lanka are indicative of the growing business/investment opportunities in the country as well as the increasing potential. With Sri Lanka also playing a key role in China’s Belt and Road Initiative (BRI) there’s an increased interest among other foreign businesses/investors, especially the Chinese, in engaging with Sri Lanka. Given all these developments Indian businesses/investors could confidently explore the expanding business/investment opportunities in Sri Lanka. Indian business could also look at forming partnerships or joint ventures with local businesses with the aim of further expansion.
| Article Code : | VBS/AT/20231201/Z_5 |