Indo-Lanka trade talks in March
India and Sri Lanka are keen to resume talks on
the Indo- Sri Lanka Free Trade Agreement (ISFTA) and Comprehensive
Economic Partnership Agreement (CEPA) in March, said Ministry of
Trade and Commerce sources. Indian Trade and CommerceMinister Anand
Sharma said,
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Real estate shows significant growth -KPMG
The market for real estate assets in Sri Lanka
has shown significant growth since 2009 with a marked increase in
price levels of real estate including bare lands, residential
housing, commercial premises and condominium apartments, a KPMG
report stated.
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Micro Cars wins Global Excellence Award
Micro Cars received the Global Commerce
Excellence Award recently at a glittering event at the Ceylon
Continental Hotel attended by many heads of reputed corporate
companies. This was initiated by the Central Bank to award companies
that have made a positive contribution to the economy.
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India opens retail sector to foreign stores
The Indian government has allowed single-brand
foreign retailers to open stores, clearing the way for companies
such as Starbucks and Ikea. Retailers can now invest beyond the
previous limit of 51 percent ownership. However, they are required
to buy 30 percent of their goods from domestic small industries.
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Nestlé Lanka to invest Rs 250m
Nestle Lanka PLC will invest Rs. 250 million on
the expansion of the Ultra Heat Treated milk line within the next
two months, said Nestle Lanka PLC Managing Director Alois Hofbauer.
Nestle Lanka committed Rs. 10b last year for a period of five years
to expand the dairy,
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