India and Sri Lanka enjoy a vibrant and growing economic and commercial partnership, with both trade and investment expanding greatly in recent years.
Since the operationalization of the India-Sri Lanka Free Trade Agreement in 2000, trade alone has multiplied by as much as eight times, crossing the milestone of 5 billion dollars in 2011-12.
India’s new High Commissioner to Sri Lanka Y.K. Sinha addressing the Indian CEO Forumi said The FTA has thus proved to be a real engine of growth for bilateral commercial interaction.
The FTA also set an ambitious target of doubling bilateral trade to reach 10 billion dollars in next three years.