The relationship between India and Sri Lanka is more than 2,500 years old, spread across culture and trade.
Sri Lanka is one of India’s largest trading partners in the SAARC.
India is a major source of foreign direct investment in Sri Lanka.
India is one of the largest sources of tourists visiting to Sri Lanka.
India has helped build critical infrastructure projects in Sri Lanka.
US$ 96.16mn
FDI inflows to India from April 2000-March 2021
US$ 4.14bn
Bilateral trade during fiscal 2020-21
14,000
Indian expatriates are living in Sri Lanka
99
Rank out of 190 countries in the World Bank's 2020 Ease of Doing Business Index, Sri Lanka offers high-margin opportunities.
Martime
Sri Lanka is located at the intersection of the world's most import sea trade routes between Asia, and Africa, Europe, and the Gulf.
Investment
Sri Lanka offers investment opportunities in fuel retail, IT, financial services, infrastructure, telecoms, tourism, food processing, etc.
Development
Sri Lanka is among the major recipients of development assistance from India US$3 billion, including US$560 million purely in grants.
FTA
Trade between the two countries has grown rapidly after the entry into force of the India-Sri Lanka Free Trade Agreement in 2000.
India's Exports and Imports to Sri Lanka
Source: Department of Commerce
Country / Region: SRI LANKA DSR
S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
---|---|---|---|---|---|---|
1. | EXPORT | 4,476.46 | 4,710.21 | 3,800.91 | 3,498.23 | 5,802.18 |
2. | %Growth | 5.22 | -19.30 | -7.96 | 65.86 | |
3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
5. | %Share | 1.47 | 1.43 | 1.21 | 1.20 | 1.37 |
6. | IMPORT | 772.63 | 1,488.40 | 903.69 | 642.94 | 1,009.97 |
7. | %Growth | 92.64 | -39.28 | -28.85 | 57.09 | |
8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
10. | %Share | 0.17 | 0.29 | 0.19 | 0.16 | 0.16 |
11. | TOTAL TRADE | 5,249.09 | 6,198.60 | 4,704.61 | 4,141.17 | 6,812.16 |
12. | %Growth | 18.09 | -24.10 | -11.98 | 64.50 | |
13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
15. | %Share | 0.68 | 0.73 | 0.60 | 0.60 | 0.66 |
16. | TRADE BALANCE | 3,703.83 | 3,221.81 | 2,897.22 | 2,855.28 | 4,792.21 |
17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
+91-11-2301-0201; 2301-0202; 2301-0203; 2301-7498
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Colombo, Sri Lanka
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No.14, Maruthady Lane, Nallur, Jaffna, Sri Lanka
+94-47-222-2500/502
No. 107 B, New Road, Hambantota, Sri Lanka
+94-47-222-2502
Shri Prem Kumar Nair
Consul General
+94-47-222-2507 / +94-77-3868-443
Shri Atul Aggarwal
Vice Consul
Maize (corn), other than seed (100590)
Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)
Other wheat and meslin (100199)
Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
agriexchange.apeda.gov.inFood preps., n.e.s. (210690)
Mixes & doughs for the preparation of bakers’ wares of 19.05 (190120)
Preparations for infant use, put up for rs (190110)
Prepared foods obt. by the swelling/roasting of cereals/cereal prods. (190410)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
Food preps., n.e.s. (210690)
agriexchange.apeda.gov.inGarlic, fresh/chilled (070320)
Onions & shallots, fresh/chilled (070310)
Potatoes other than seed potatoes, fresh/chilled (070190)
Lentils, dried, shelled, whether or not skinned/split (071340)
agriexchange.apeda.gov.inFish preparations; mackerel, prepared or preserved, whole or in pieces (but not minced) (160415)
Fish; dried, whether or not salted but not smoked, other than edible fish offal, other than cod (Gadus morhua, Gadus ogac, Gadus macrocephalus) (030559)
Fish; frozen, n.e.c.in heading 0303, excluding fillets, livers, roes, and other fish meat of heading 0304 (030389)
Fish; frozen, tuna, n.e.c. in item no. 0303.4, excluding fillets, livers, roes, and other fish meat of heading 0304 (030349)
Fish; frozen, yellowfin tunas (Thunnus albacares), excluding fillets, livers, roes, and other fish meat of heading 0304 (030342)
Production: 96,000 tons
gsmb.gov.lkExport: US$ 140.83 million (70 varieties – Sapphire, Ruby, Cats eye, Garnet, Aquamarine, Tormaline)
cbsl.gov.lkProduction: 750 tonnes
Export:US$ 5.47 million / 3,298 tonnes
Production: Titanium – 31,620 tons
Production: Titanium Ore – 60,847 tonnes
Here are the leading sectors of opportunities for foreign investors
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Apparel brand MAS Holdings has set up a manufacturing base in India
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