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The Indian government is requesting Indian companies to invest in the Colombo Port, Indian High Commissioner in Sri Lanka Y.K. Sinha told a maritime forum in Colombo yesterday. “We have encouraged Indian companies to invest in the expansion of the Colombo Port and that is why we believe, as an article of faith, the expansion of the Colombo Port will be good for Sri Lanka, good for India and good for the region,”
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Prices of small cars below 1,000cc engine capacity may go up due to tariff increases in the upcoming budget, an official from the Vehicle Importers’ Association of Lanka (VIAL) said yesterday. “My personal feeling is that the tariffs of small cars below 1,000cc may go up in the upcoming budget,” VIAL Secretary Keerthi Gunawardena said.