Thursday, 12 February 2015 02:01
MUMBAI: The Indian Merchants’ Chamber and the National Chamber of Commerce of Sri Lanka have signed a Memorandum of Understanding to promote bilateral trade and investments in both the countries.
A business delegation representing different segments including spices, herbal product, dry fruit, aerosol products, cosmetic chemicals, engineering and fabrication and IT/ITES visited Sri Lanka to explore various opportunities. The delegation was led by Bhaskar Shah, Vice-Chairman of Spices Board of India, and R.K. Jain, Chairman, IMC, Navi Mumbai.
In the first seven months of this fiscal, Indian exports to Sri Lanka grew 14% to $3.71 billion while imports were at $327 million, up 7%.