Doing Business in Sri Lanka - High Commission of India, Colombo
Doing Business in Sri Lanka - High Commission of India, Colombo
Doing Business in Sri Lanka - High Commission of India, Colombo
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Handbook for <strong>India</strong>n <strong>Bus<strong>in</strong>ess</strong><br />
A number <strong>of</strong> new <strong>in</strong>vestments from <strong>India</strong>n companies are <strong>in</strong> the pipel<strong>in</strong>e. Notable among them are proposals<br />
<strong>of</strong> Shree Renuka Sugar to set up a sugar ref<strong>in</strong><strong>in</strong>g plant at Hambantota (US $ 220 million), Dabur to set a fruit<br />
juice manufactur<strong>in</strong>g plant (over US$ 20 million), South City, Kolkata for real estate development <strong>in</strong> <strong>Colombo</strong><br />
(US $ 400 million), Tata Hous<strong>in</strong>g (real estate), ITC Ltd ( hotel). On the other hand, the last few years have<br />
also witnessed an <strong>in</strong>creas<strong>in</strong>g trend <strong>of</strong> <strong>Sri</strong> <strong>Lanka</strong>n <strong>in</strong>vestments <strong>in</strong>to <strong>India</strong>. Significant examples <strong>in</strong>clude Ceylon<br />
Biscuits (Munchee brand), Carsons Cumberbatch (Carlsberg), Brandix (about US$ 1 billion to set up a<br />
garment city <strong>in</strong> Vishakapatnam), MAS hold<strong>in</strong>gs, John Keels, Hayleys, and Aitken Spence (Hotels), apart from<br />
other <strong>in</strong>vestments <strong>in</strong> the freight servic<strong>in</strong>g and logistics sector.<br />
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