Lanka India Business Association launched in Sri Lanka

• CNL Reporter
• March 26, 2025
• Business News
• Lanka India Business Association launched in Sri Lanka
• 0 Comments

With India poised to become the second largest economy in the world by 2075 (FT report) and becoming the fastest growing economy in the world, the time is right to foster even closer mutually beneficial business ties between India and Sri Lanka.

The Lanka India Business Association (LIBA) is now in operation in Sri Lanka to further enhance the already close ties between Indian and Sri Lankan businesses.

LIBA President Santosh Menon said: “Sri Lanka has forever been a global trading powerhouse. Its high-quality cinnamon, pepper, and, more recently ‘Ceylon Tea,’ has been sought after commodities around the world.

Its high-quality skill at garment making makes it a chosen supplier for some of the world’s most fastidious brands. The time has come to now engage more actively with the Indian market and find the right ways to exploit it

Indian High Commissioner Santosh Jha said: “India and Sri Lanka have long-standing civilizational links, with the economic and commercial relationship naturally being an integral part of it.