High Commission of Sri Lanka in India

Minister GL Peiris meets Indian Minister of Commerce, Industry and Textiles of India PDF Print option in slimbox / lytebox? (info) E-mail
Saturday, 03 November 2012 05:58

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During his visit to India for the 12th Council of Ministers Meeting of the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), Minister of External Affairs, G L Peiris, met with the Minister of Commerce, Industry and Textiles of India, Anand Sharma, on 2 November. 

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Minister Peiris expressed appreciation for Minister Sharma’s recent productive visit to Sri Lanka during which several new measures of economic cooperation between India and Sri Lanka were announced, and quick follow-up action was taken by the officials on both sides. 

Minister Anand Sharma, in response, indicated that action is now being taken to finalise a MOU between India and Sri Lanka on Cooperation in the field of Textiles and Clothing which will encompass measures for technology upgradation including restructuring and revival of the textile industry of Sri Lanka, enhancement of skill development in the textile sector and transfer of technology as well as enhancement of trade relations by providing Sri Lankan apparel exporters an avenue for major Indian buying houses.

Both Ministers discussed the proposed enhancement of apparel export quota for Sri Lanka under the India-Sri Lanka Free Trade Agreement with a view to further strengthening the operation of the Agreement.

Minister Sharma expressed hope that the special economic zones for production of auto-components and pharmaceuticals can be operationalised soon.

In this context, it was agreed that the Commerce Secretary of India will visit Sri Lanka soon to follow-up on matters with Sri Lankan authorities. 

High Commissioner Prasad Kariyawasam accompanied the Minister and was associated in the discussions.

High Commission of Sri Lanka
3rd November 2012