A 13-member delegation of The Indus Entrepreneurs (TIE), an organization of entrepreneurs, which visited Sri Lanka recently has signed a memorandum of understanding with Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) to expand business ties.

The Sri Lankan government’s commitment to ensure lasting peace through development has thrown open good business opportunities, according to Mr. Murali Gopalan, president, TiE Kerala, who signed the MOU on behalf of the organisation.

The team held discussions with Sri Lankan Minister of Industry and Commerce, Minister of Agriculture, Deputy High Commissioner, senior officials of Board of Investment (BOI), Sri Lanka Export Development Board (EDB), and Chief Executive of Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL).

Rishad Badudeen, Minister of Industry and Commerce, invited Kerala businessmen to invest in agro processing units, educational institutions and even in setting up universities, according to TIE.

Tourism is one area with great potential with Sri Lanka targeting 2.5 million tourists by 2016. Jose Dominic, one of the delegates, said tourism is one area Kerala can invest profitably. Kerala can tap opportunities in engineering, management and vocational education, according to Ravi Deecee, another delegate. With high quality of life and hygiene standards, both Lanka and Kerala could be ideal partners in healthcare projects, said C.Balagopal, Managing Director, Terumo Penpol.

Keywords: Sri LankaTrade tiesTIE

More In: Kochi