President meets Indian CEO Forum Board members

Tuesday, 25 October 2022 00:52 - - {{hitsCtrl.values.hits}}

From left: Sanjay Baid, Anurag Sharma, Kishore Reddy, President Ranil Wickremesinghe, T.S. Prakash, Manoj Gupta and Hari krishna

The Indian CEO Forum Board members met President Ranil Wickremasinghe recently and had a very cordial and fruitful discussion on the Sri Lankan economy and its future.

Among topics discussed were overcoming the present challenges of the companies operating in Sri Lanka and the way forward on investments in the field of IT, Education, Manufacturing, Hospitality, Tourism as well as Logistics considering the perfect location of Sri Lanka.

The Board also updated the President on the progress and development of the current projects and challenges faced by Indian companies. The discussion also focused on strengthening bilateral relationships between India and Sri Lanka.

Wickremesinghe also mentioned setting up a special desk to coordinate and take things forward.

The Indian CEO Forum – Sri Lanka (ICF), is a registered body with membership constituted by Indian investment in Sri Lanka, Indian heads of multinational companies (MNCs), and Sri Lankan companies. It currently has 71 members contributing in providing gainful employment to thousands, providing best-in-class management, technical skills, and contributing substantiality to Sri Lanka’s foreign exchange earnings.

The members have made significant input and support to the Sri Lankan economy by bringing substantial investments into the country, export earnings, employment generation, and contribution of treasury through direct and indirect taxes and building the brand of Sri Lanka to the outside world and making a significant contribution to the local economy.

The objective of ICF is to promote economic growth in Sri Lanka through Indian investment, safeguard and strengthen existing economic co-operation, foster new economic ties between India and Sri Lanka, and provide an open forum for business leaders of Indian origin employed with Indian multinationals and Sri Lankan business organisations in Sri Lanka.

ICF endeavours to showcase investment opportunities to Sri Lankan to potential new investments from India.