India and Sri Lanka enjoy a robust trade and investment relationship. Sri Lanka is India’s largest trade partner in South Asia. India in turn is Sri Lanka’s largest trade partner globally. Trade between the two countries grew particularly rapidly after the entry into force of the India-Sri Lanka Free Trade Agreement in March 2000. Over the next eight years, bilateral trade multiplied nearly five-fold.

The main investments are in the areas of petroleum retail, hospitals, telecom, vanaspati, copper and other metal industries, real estate, telecommunication, hospitality & tourism, banking and financial services, IT and food processing (tea & fruit juices). Indian business orgnaisations such as IOC, Tatas, Bharti Airtel, Piramal Glass, LIC, Ashok Leyland, L&T, Dabur and Taj Hotels are present in Sri Lanka. Read More…