01-01-1970 12:00 AM | Source: Reuters
India to invest more in Sri Lanka after crisis support of $3.8 billion
India is willing to make more investments in neighbouring Sri Lanka after supporting it with $3.8 billion this year, New Delhi's envoy in Colombo told the Indian Express newspaper.
"The idea is to respond to Sri Lanka's requests for enabling them to meet their foreign exchange crisis," said Gopal Baglay, India's high commissioner in Sri Lanka.
"We would like to continue to bring more investment into Sri Lanka because that will help create medium- and long-term capacity to respond within the Sri Lankan economy."
Latest News
Sharp movements ahead, trade cautiously
$100 billion worth chips needed for India`s $300 bil...
Eco-friendly cars` sales cross 100,000 in South Kore...
Large cap stocks impacted by FII selling
India`s Kansai Nerolac reports higher profit for fif...
Berkshire pares huge Apple stake as cash, operating ...
India holds talks for closer ties on critical minera...
Astro Zindagi: Weekly Horoscope
Paytm announces leadership change to double down on ...
IDBI Bank registers 44 per cent jump in net profit f...