Legal Stability Essential for Boosting Indian Investments in Sri Lanka

 

Indian High Commissioner to Sri Lanka, Santosh Jha, emphasized the need for legal and regulatory stability to enhance Indian investments in Sri Lanka during his keynote speech at the 45th National Conference of Chartered Accountants. He said that a welcoming ecosystem and fair treatment of investors are crucial for attracting Indian capital.

Jha highlighted the diverse sectors of Indian investments, including petroleum, tourism, manufacturing, and telecommunications, predominantly structured as joint ventures. He pointed out emerging opportunities in renewable energy and logistics, expressing India's commitment to expanding trade and investment through upgraded free trade and bilateral investment agreements.

Additionally, he announced the implementation of India's Gati Shakti digital platform aimed at streamlining infrastructure projects and the acceleration of a digital ID project in Sri Lanka, funded by India. Jha praised the enduring partnership between the two countries as a model for regional cooperation and stability.