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India - Sri Lanka Business and Cultural Council

Sri Lanka is an island nation in the Indian Ocean, known for its diverse landscapes, rich cultural heritage, and ancient temples. Renowned for its tea, spices, and beautiful beaches, it offers a unique blend of history, nature, and adventure.

Ambassador and Consul General

Global India Business Forum presented an Honorary Membership to H.E Lakhmendra Geshan Dissanayake Minister Counsellor (Commercial) High Commission of Sri Lanka to India. The GIBF team had a fruitful discussion on collaborating for different business opportunities and trade between the two countries. Dr. Jitendra Joshi, Founder and Global President of GIBF, and Deepali Gadkari, Co-Founder and Secretary General attended the meeting.

embassy-of-sri-lanka-ambassador-and-consul-general

Textiles and apparel, tea, rubber products, and spices

petroleum products, machinery, vehicles, and textiles to support its energy, transportation, and manufacturing sectors.

About Sri Lanka

ABOUT Sri Lanka

Sri Lanka, officially known as the Democratic Socialist Republic of Sri Lanka, is an island nation located in the Indian Ocean, southwest of the Bay of Bengal. Renowned for its rich cultural heritage and stunning natural beauty, Sri Lanka is often referred to as the "Pearl of the Indian Ocean." The country boasts a diverse landscape that includes pristine beaches, lush rainforests, rolling tea plantations, and ancient ruins. Colombo is the commercial capital and the largest city, while Sri Jayawardenepura Kotte serves as the administrative capital.
Sri Lanka has a population of around 22 million people, with Sinhalese and Tamil as the main ethnic groups and Sinhala and Tamil as the official languages. Buddhism is the predominant religion, deeply influencing the country’s history and culture, alongside Hinduism, Islam, and Christianity. Known for its rich biodiversity, Sri Lanka is home to many unique species of flora and fauna. The country has a growing economy based on agriculture, tourism, textiles, and information technology. Sri Lanka's strategic location, cultural richness, and natural beauty make it a significant destination for travelers and investors alike.

Business Opportunities in Sri Lanka

BUSINESS OPPORTUNITIES IN Sri Lanka

Sri Lanka presents diverse business opportunities due to its strategic location in the Indian Ocean, acting as a gateway to South Asia. The country has a strong focus on sectors like tourism, agriculture, and textiles, which offer vast potential for investment. Tourism is rapidly growing, driven by scenic landscapes, cultural heritage, and wildlife. The agriculture sector is ripe for growth, with investments in organic farming, tea, and spices. The textile industry benefits from skilled labor and access to global markets through trade agreements.
Sri Lanka’s government encourages foreign investment with incentives, such as tax breaks and ease of business reforms. The development of ports and logistics infrastructure enhances opportunities in trade and transportation. Moreover, the country’s emphasis on digital transformation opens up avenues for IT and telecommunications investments. With a stable economy and favorable business climate, Sri Lanka is poised for growth, offering promising prospects for investors.

Exports and Imports In Sri Lanka

In 2022, Sri Lanka was the number 76 economy in the world in terms of GDP (current US$), the number 89 in total exports, the number 86 in total imports, the number 130 economy in terms of GDP per capita (current US$) and the number 82 most complex economy according to the Economic Complexity Index (ECI)

Top Exports of Sri Lanka

The top exports of Sri Lanka are Tea ($1.29B), Knit Women's Undergarments ($684M), Other Women's Undergarments ($682M), Knit T-shirts ($665M), and Non-Knit Women's Suits ($579M), exporting mostly to United States ($3.52B), India ($1.12B), United Kingdom ($1.04B), Germany ($881M), and Italy ($662M).

Top Imports of Sri Lanka

The top imports of Sri Lanka are Refined Petroleum ($4.02B), Light Rubberized Knitted Fabric ($971M), Special Purpose Ships ($613M), Packaged Medicaments ($348M), and Crude Petroleum ($337M), importing mostly from India ($6.59B), China ($3.76B), United Arab Emirates ($1.08B), Malaysia ($867M), and Singapore ($768M).

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