India-Sri Lanka CEO's Forum to meet on Aug 4

India-Sri Lanka CEO's Forum will meet on August 4 to discuss ways to enhance trade and investments between the countries, industry body Ficci said today.

Last Updated: Aug 02, 2012, 18:26 PM IST

New Delhi: India-Sri Lanka CEO's Forum will meet on August 4 to discuss ways to enhance trade and investments between the countries, industry body Ficci said today.

Bharti Airtel Chairman & Managing Director Sunil Bharti Mittal will be the Co-Chair from the Indian side, while Samson International Ltd Executive Director Kulathunga Rajpaksa has been appointed to Co-Chair from Sri Lanka.

The forum has been set up to develop a roadmap for increased cooperation and mutually beneficial economic partnership between the countries.

Commerce and Industry Minister Anand Sharma, who is on a three-day visit to Sri Lanka, would also participate in the forum.

"Following the signing of the FTA between India and Sri Lanka in 2000, we have seen both countries benefit with trade and investment flows going up over time. It is important that India and Sri Lanka now focus on new horizons and work together to sign a comprehensive economic partnership agreement (CEPA)," Ficci Secretary General Rajiv Kumar said in a statement.

It is anticipated that CEPA under discussion would be a significant catalyst to economic engagement.

The other participants of the Forum include NTPC Chairman Arup Roy Choudhury, Punj Lloyd Group Chairman Atul Punj, Bharat Hotels CMD Jyotsna Suri, Suzlon Energy CMD Tulsi Tanti and TVS Motor Company CMD Venu Srinivasan.

Bilateral trade between the countries stood at USD 4 billion in 2010-11 and has the potential to double to USD 8 billion within the next three years.

Sri Lanka is India's largest trade partner in South Asia while India is the largest trading partner globally for the neighbouring country.

PTI