India keen on investing in Sri Lanka: Anand Sharma

04 Aug 2012

1

India today said it was keen to invest in the development of war-torn Sri Lanka in a big way, for which it promised to rope in private players in sectors like ports and exploration of oil and gas.

Commerce minister Anand Sharma, who is in Sri Lanka on an official visit, also reaffirmed India's commitment to building infrastructure and institutions in the neighbouring country during his talks with the country's leadership in Colombo.

Sharma also called for reviewing of bilateral ties by both countries with reference to rehabilitation and resettlement of displaced Tamil civilians.

"Sri Lanka government is appreciative of India's solidarity and ongoing efforts to rebuild areas which were destroyed in conflict and in rehabilitation of people," Sharma told reporters here.

India has been involved in several developmental projects in Sri Lanka as part of its efforts to rebuild the country following the end of the civil war in 2009. India was also building around 50,000 houses for displaced civilians in Tamil-dominated Northern Province.

According to Sharma, Indian companies would be more than wiling to upgrade ports in Sri Lanka.

Latest articles

Uber to invest $100 million+ in autonomous charging hubs to accelerate robotaxi rollout

Uber to invest $100 million+ in autonomous charging hubs to accelerate robotaxi rollout

The $250 billion pivot: how 2026 became the year AI paid the rent

The $250 billion pivot: how 2026 became the year AI paid the rent

Sweden fines SBB over accounting violations, raising scrutiny on property sector

Sweden fines SBB over accounting violations, raising scrutiny on property sector

Ukraine-Russia peace talks enter second day in Geneva amid pressure concerns

Ukraine-Russia peace talks enter second day in Geneva amid pressure concerns

India asks university to exit AI summit after robot’s origin questioned

India asks university to exit AI summit after robot’s origin questioned

Redmond’s global reach: Microsoft on pace for $50 billion AI investment in the Global South

Redmond’s global reach: Microsoft on pace for $50 billion AI investment in the Global South

Data centres explore funding uranium projects as AI power demand surges, says NexGen CEO

Data centres explore funding uranium projects as AI power demand surges, says NexGen CEO

Nvidia signs multiyear AI chip supply agreement with Meta amid sustained infrastructure demand

Nvidia signs multiyear AI chip supply agreement with Meta amid sustained infrastructure demand

Spain approves $8 billion aid package for storm-hit regions as floods damage homes and crops

Spain approves $8 billion aid package for storm-hit regions as floods damage homes and crops