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India to encourage investors to invest in Hambantota

Nov 28, 2010 11:27:56 AM - itnnews.lk

Indian External Affairs Minister S.M. Krishna has assured that his government will encourage India’s private sector to take advantage of the industrial and commercial potential in and around Hambantota.

Minister Krishna said India would encourage their private sector to participate in Hambantota’s development by seizing the opportunities for investments. He pointed out that time was opportune for Sri Lanka to exploit this era in which the shadows of conflict were waning to achieve development and co-existence.

The Indian Minister was addressing a function organized to mark the opening of the Consulate General Office in Hambantota. The new office will cover areas such as Hambantota, Matara, Galle, Moneragala and Ratnapura Districts. The services hitherto provided by the Indian High Commission Office are available at the Consulate in Hambantota.

In the meantime. An Indian Consular General Office was opened in Jaffna yesterday. It will facilitate the Northern polity to meet their requirements in traveling to India and vice versa. External Affairs Minister Krishna handed over 500 tractors to Minister Basil Rajapaksa to be dished out to farmers in the North. The Indian Minister participated in the laying of the foundation stone for a Housing complex in the Ariyalai area. The launching of work for the construction of the Northern Rail track took place with the participation of the Indian and Sri Lankan External Affairs Ministers. The expected expenditure is 416 million US Dollars. Plans are afoot to speed up the Indian assistance programme to consolidate Northern security by removing landmines and also the immediate launch of the ferry service between Talaimannar and Rameshwaram. Present on this occasion were many Parliamentarians as well as Indian Foreign Secretary Nirupama Rao.