The Andhra Pradesh (AP) Government of India is contemplating to develop an industrial corridor in Sri Lanka, the Indian Express reported yesterday.
It said AP Industries Minister N. Amarnath Reddy and the officials have already conducted talks with the Sri Lankan government for making the project fruitful.
Official sources had said that a Memorandum of Understanding (MOU) will be signed with the Sri Lankan government in a few weeks.
Officials has also said Sri Lanka is the best bet for AP for conducting trade in sea foods, pharma and tourism sectors as Sri Lanka is convenient for water transport.
The news report said the Sri Lankan government may allocate land to the AP government in Jaffna or Trincomalee.
The Sri Lankan government is also planning to invest in AP in the textile and aviation sectors through a mutual trade agreement.
“The MoU will be signed shortly for implementing the AP special economic zone in Sri Lanka. There are good opportunities to invest in pharma and tourism sectors in Sri Lanka,” Industries Minister Reddy said.
GH Friday, 22 September 2017 17:44
Mr. Minister Reddy, what talks or consent anymore? We have already sold out our country to your country India. Go ahead!
Reply : 19 11
city Friday, 22 September 2017 19:08
When it was actually sold where on earth were you.
Reply : 4 13
Lal Saturday, 23 September 2017 18:35
Do you even know what an Industrial corridor is? I
Reply : 0 2
Milroy Friday, 22 September 2017 19:16
SL has always welcomed Telugu Nayakkars. The ancestors of Bandaranayaka, Senanayaka, Disanayaka, Karunanayaka, Ekanayaka came from AP.
Reply : 3 12
Keerthi Friday, 22 September 2017 19:20
Clever plan to give our lands in NE to Indians
Reply : 11 9
ceylon Friday, 22 September 2017 20:07
join with india yo make lanka develop coubtry.after chinaindia is the next super power. via DM Android App
Reply : 6 6
Rohan Friday, 22 September 2017 21:21
Only a fool would compare India to China,India is no match to Chinese Military or Economy.
Reply : 3 10
Kumar Friday, 22 September 2017 20:31
How long the people of Sri Lanka going to tolerate this government selling and renting lands and properties to India?
Reply : 13 8
sameera Saturday, 23 September 2017 10:27
if you do not allot land, how will you get FDI. If you do not get FDI from where will you generate employment
Reply : 2 2
Salamony Saturday, 23 September 2017 10:25
How many sri lankans aware of India is behind creating tension between Buddhist and Muslim. They did at Myanmar as well ( Burma) . Our politicians are spoiled by them to just be soft on BBS and others
Reply : 3 1
Blair Saturday, 23 September 2017 11:40
Whether it is selling or leasing, what our country needs at the moment is TRADE,DEVELOPMENT and EMPLOYMENT. Please go ahead Sirs.
Reply : 2 3
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