India responds positively to PM’S suggestions

Investment in research and manufacturing

Indian High Commissioner Gopal Baglay has responded positively to the suggestions of Prime Minister Mahinda Rajapaksa for Indian investment in research and manufacturing in Sri Lanka,including in pharmaceutical sector,the Indian High Commission yesterday said.

In a statement it said,the High Commissioner Baglay expressed these views after he called on Prime Minister Rajapaksa on Thursday.

This was their first meeting after the Virtual Bilateral Summit (VBS) between the Prime Ministers of India and Sri Lanka held on September 26,and afforded an excellent opportunity to follow up on the implementation of the decisions taken in that high level interaction last month.

Referring to the tone set by the two leaders in the VBS for expanding existing mutually beneficial bilateral cooperation in a number of areas, the High Commissioner sought the guidance of Prime Minister Rajapaksa for further steps, including in the spheres Sri Lanka considers as priority. In the context of the Government of Sri Lanka’s high priority being attached to water, sanitation, agriculture and manufacturing, the High Commissioner referred to India’s recent experience in these areas and stated that India was ready for developing further bilateral cooperation in accordance with Sri Lanka’s requirements. He stressed the significance of facilitating mutually beneficial trade and investment between India and Sri Lanka, which are close maritime neighbours and friends.

The High Commissioner thanked the Prime Minister for his continued guidance for expeditious implementation of mutually beneficial projects.