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| Sunday, 1 June 2003 |
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'Made in India' strengthens Indo - Lanka ties by Pelham Juriansz At a time the Minister of Commerce and Consumer Affairs, Ravi Karunanayake is emphasising the importance of trade between nations, India organised the 'Made in India' show, now in its 10th year, for the first time in Sri Lanka. The event was held at the BMICH Exhibition and Convention Centre from May 27 to 31. The show was inaugurated by Nirupam Sen, Indian High Commissioner in Sri Lanka and the chief guest was G.L. Peiris, Minister of Enterprise Development, Industrial Policy and Investment Promotion and Constitutional Affairs. Minister Peiris emphasised the relationship between the two countries and said that India helped us when there were complexities with the peace process and now when we are facing a major catastrophe with the worst floods since Independence. "We have here, over 100 Indian companies including TATA, Godrej, Indian Oil and Punjab Bank," he said. Subodh Bhargava, speaking on behalf of the Confederation of Indian Industry (CII), said 'Made in India' is a mirror to Indian industries. "We have already had these shows in several other countries such as the UK, Japan, Kenya, Nepal and South Africa. It was held for the first time in Mauritius. CII has over 400 member companies. We are involved in Indian industries which are changing fast," Bhargava said. The event in Sri Lanka showcased some of the best Indian products and services in three rapidly growing markets - agriculture, auto components and drugs and pharmaceuticals. V. Ashok, Counsellor (Economic and Commercial), Indian High Commission in Sri Lanka, said the event is special and since Sri Lankans import a lot of Indian products, three-wheelers in particular, this is an excellent opportunity for the business community to get first-hand knowledge of what is available for the local buyer. The programme was organised by the CII in association with Sri Lanka's Ministry of Industries, Ministry of Commerce and Consumer Affairs and Ceylon Chamber of Commerce. SriLankan Airlines was the official airline for the show, which was supported by the Indian High Commission. The objectives of the event were to increase bilateral trade between India and Sri Lanka, and promote joint ventures and investments into Sri Lanka. Over 100 Indian companies in diverse industries displayed their latest technological developments at 'Made in India'. Hero and Tata were some of the leading companies involved in bilateral trade who displayed their products which are fast selling in Sri Lanka. The event also promoted Indian capital goods and services imports to Sri Lanka through the US$ 100 million Indian Line of Credit extended by the Indian government. A conference on 'World Trade Organisation, Corporate Governance and Building in IT' also took place. |
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