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India seeks investment-friendly policies in SL

[PTI, Wednesday, 12 May 2010 12:27 No Comment]

New Delhi has asked Colombo to move to the ‘front foot’ to put in place an attractive investment regime as billions of dollars from India flow into other investor-friendly nations annually.

"Last year foreign direct investment from India stood at USD 21 billion and not much came to Sri Lanka," Indian deputy high commissioner Vikram Misri told the annual meeting of the Indo-Lanka Chamber of Commerce and Industry here yesterday.

"Investment regulatory framework should be on the front foot," Misri told the gathering, and pointed out that time is ideal to boost foreign investment following the end of the nearly three decades of civil war in the island nation.

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