Sri Lanka Sees Strong Potential to Expand Economic Cooperation with India Across Logistics, Technology, Tourism and Infra: Wickramasinghe
· Free Press Journal
MVIRDC World Trade Center Mumbai in association with All India Association of Industries organized an interactive meeting with the visiting delegation from the Ceylon Chamber of Commerce to strengthen bilateral trade, investment, and economic cooperation between India and Sri Lanka. The meeting brought together business leaders, MSMEs, exporters, industry representatives, and stakeholders from diverse sectors to explore new opportunities for collaboration and partnership.
Priyanga Wickramasinghe, Consul General of Sri Lanka in Mumbai, said, “We are witnessing growing interest among Sri Lankan businesses to expand partnerships and engagement with Indian industry across diverse sectors. We are accompanied today by representatives from 17 leading Sri Lankan enterprises, reflecting the strong interest in strengthening business collaboration with Indian industry across sectors such as logistics, tourism, renewable energy, infrastructure, technology, and manufacturing. Sri Lanka continues to serve as an important logistics and commercial gateway in the region, and we are placing renewed emphasis on strengthening connectivity and economic cooperation with India.”
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“India remains one of Sri Lanka’s largest trading partners, with bilateral trade continuing to grow steadily under the India–Sri Lanka Free Trade Agreement. Tourism and connectivity are playing an important role in strengthening ties between our two countries, with India emerging as the leading source of tourist arrivals to Sri Lanka. We look forward to greater participation from Indian businesses at the Sri Lanka Economic and Investment Summit in October 2026, as there is immense potential to further strengthen bilateral trade and investment cooperation.” Said Ms. Priyanga
Ms. Sangeeta Jain, Senior Director, All India Association of Industries, said, “India and Sri Lanka share deep-rooted historical, cultural, and economic ties, and there is tremendous potential to further strengthen bilateral cooperation across sectors such as trade, logistics, tourism, technology, renewable energy, manufacturing, and services. With bilateral trade between the two countries at around USD 6 billion, the economic partnership between our two countries continues to grow stronger.”
“There is immense scope for Indian and Sri Lankan businesses to collaborate through trade, investment, joint ventures, technology partnerships, and MSME cooperation. We also see strong opportunities in areas such as maritime connectivity, regional supply chains, tourism, and sustainable development, which can further deepen economic engagement and long-term partnership between our two countries.” added Ms. Sangeeta.
Mr. Krishan Balendra, Chairman, The Ceylon Chamber of Commerce and CEO, John Keells Holdings PLC, said, “Sri Lanka today is on a strong recovery and reform trajectory, with improved macroeconomic stability and a growing investor-friendly environment. Sri Lanka’s strategic location and proximity to India position it as a natural partner in regional trade, logistics, tourism, and supply chains. The Port of Colombo has evolved into one of South Asia’s leading transshipment hubs, handling over 8 million containers last year, with a significant share linked to Indian cargo movement. This presents strong opportunities for collaboration in ports, logistics, infrastructure, tourism, and related support services.”
“This is the first time that the Ceylon Chamber of Commerce and MVIRDC World Trade Center Mumbai are engaging in this format, and we see it as a very important milestone. We look forward to building a strong, structured, and forward-looking partnership between our institutions to deepen business linkages and create tangible outcomes for both our economies,” added Mr. Krishan.
The interactive meeting concluded with productive discussions and networking among Indian and Sri Lankan businesses, reinforcing the shared commitment of both countries to strengthen bilateral trade, investment, connectivity, tourism, and long-term economic cooperation.