• overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

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

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

India-Sri Lanka Foundation

+91-11-2301-0201; 2301-0202; 2301-0203; 2301-7498

Visit Website

No 27, Kautilya Marg, Chanakyapuri New Delhi, India

Ceylon Chamber of Commerce

+94-11-242-1745/7; 558-8800

Visit Website

50, Navam Mawatha, Colombo 02, Sri Lanka.

National Chamber of Exporters of Sri Lanka

+94-11-465-1765

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532/4K, Sirikotha Lane,, Galle Road, Colombo 00200, Sri Lanka

Indian Trade Promotion Organisation

+91-11-2337-1540

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Pragati Bhawan, Pragati Maidan New Delhi-110001 (INDIA)

Export-Import Bank of India

+91-22-2217-2600

Visit Website

Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005

High Commission of India, Colombo

;

+94-11-232-7587; 242-1605, 242-2788/89

Visit Website

36-38, Galle Road,
Colombo, Sri Lanka

Assistant High Commission of India, Kandy

,

+94-81-222-2652; 222-3786

Visit Website

No. 31, Rajapihilla Mawatha, P.O. Box 47, Kandy, Sri Lanka

Consulate General of India, Jaffna

+94-21-222-0504; 222-0505

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No.14,  Maruthady Lane,  Nallur,  Jaffna, Sri Lanka

Consulate General of India, Hambantota

+94-47-222-2500/502

Visit Website

No. 107 B, New Road, Hambantota, Sri Lanka

Commercial Representative

+94-47-222-2502

Shri Prem Kumar Nair
Consul General

Commercial Representative

+94-47-222-2507 / +94-77-3868-443

Shri Atul Aggarwal
Vice Consul

Opportunities

Agricultural exports

    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)

    agriexchange.apeda.gov.in

    Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)

    agriexchange.apeda.gov.in

    Food 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)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)

    agriexchange.apeda.gov.in

    Garlic, fresh/chilled (070320)
    Onions & shallots, fresh/chilled (070310)
    Potatoes other than seed potatoes, fresh/chilled (070190)

    agriexchange.apeda.gov.in

    Lentils, dried, shelled, whether or not skinned/split (071340)

    agriexchange.apeda.gov.in

    Fish 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)

    fishexchange.mpeda.gov.in
Minerals

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Sri Lanka
  • Almonds and other nuts
  • Pepper and spices
  • Precious and semi-precious stones
  • Water vessels
  • Building stones
India's top export to Sri Lanka
  • Bikes and vehicles
  • Cement
  • Pharmaceutical products
  • Fabric and yarn
  • Rice

Bilateral Investors

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