President assures Indian businesses no more unpleasant experiences of corruption in investments

Thursday, 3 July 2025 05:58 - - {{hitsCtrl.values.hits}}

Engages with heads of several prominent visiting Indian companies exploring investment opportunities in Sri Lanka

President Anura Kumara Disanayake on Tuesday assured a visiting top Indian business delegation that there will be no more unpleasant experiences of corruption to invest in Sri Lanka.

He emphasised that the country has now established a more favourable environment for investors, owing to the current economic stability.

He was in discussion with a 20-member delegation from the Confederation of Indian Industry (CII).

The President briefed the Indian business representatives on the constructive measures implemented by the Government to create a supportive economic climate and conditions conducive to investment. He further noted that the Government has strengthened the legal framework and institutional system necessary to attract and sustain large-scale investments. He assured that under the present administration, efforts have been made to eliminate the losses and corruption previously associated with investments.

The President also emphasised that special attention has been given to attracting regional investors and providing them with the necessary facilities. He pointed out that numerous new business opportunities have opened up between India and Sri Lanka across various sectors.

A statement from the President’s Media Division said Indian entrepreneurs state that they are currently directing their attention towards new investment prospects in Sri Lanka, particularly in sectors like energy, infrastructure, the digital economy, tourism, and agriculture, as well as on enhancing entrepreneurial capacity.

The delegation visited Sri Lanka with the aim of further developing existing investment opportunities and exploring new prospects.

The delegation is visiting Sri Lanka following an invitation extended by President Disanayake during his recent official visit to India. The Indian delegation held discussions with several Sri Lankan Ministers and with officials from key Government institutions, including the Board of Investment of Sri Lanka.

The Indian entrepreneurs stated that Sri Lanka’s strategic location is of great appeal to investors. They appreciated the President’s explanation regarding the current situation of the country, noting that it had inspired confidence and renewed hope in them.

Labour Minister and Economic Development Deputy Minister Prof. Anil Jayantha Fernando, Senior Additional Secretary to the President Roshan Gamage, and Indian High Commissioner Santosh Jha, along with officials from the Indian High Commission, were present at the occasion. Also in attendance were former CII Chairman and ITC Ltd. Chairman and Managing Director Sanjiv Puri and heads of several other major Indian companies.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.