Lanka India Business Association (LIBA) Launched to Boost Economic Ties Between India and Sri Lanka
| Key Topic | Details |
|---|---|
| Lanka India Business Association (LIBA) | Officially launched to enhance economic collaboration between India and Sri Lanka. |
| India's Economic Projection | Poised to become the world's second-largest economy by 2075. |
| LIBA's Objectives | Strengthen trade, investment, and business networking; foster collaborative projects. |
| Economic Shift | Global economic power shifting eastwards, with India emerging as a key player. |
| Sri Lanka's Role | Strategic location and historical trade ties make it an ideal partner for economic relations. |
| Historic India-Sri Lanka Ties | Centuries-old trade routes; Colombo Port serves as a major transshipment hub for Indian exports. |
| India as Trading Partner | Sri Lanka's largest trading partner; significant investments in multiple sectors. |
| LIBA's Vision | Encourage bilateral trade, connect entrepreneurs, provide facilitation services, support MSMEs. |
| Key Sectors | Trade & Commerce, Digital Economy, Education, MSME Growth, Legal Frameworks. |