NewsThe Economic and Technical Cooperation Agreement (ETCA) between India and Sri Lanka will be signed by the end of the year, Prime Minister Wickremesinghe was quoted as saying at the India Economic Summit. The ETCA aims to attract investment in the $500 billion economy, encompassing Tamil Nadu, Karnataka, Andhra Pradesh, Telengana and Kerala. “That is Sweden (economy)…imagine what it would be if we (India and Sri Lanka) work together,” said Wickremesinghe. He said the FTA with Singapore and Indonesia by India and by Sri Lanka along with ETCA will make a strong regional economic power. “The whole area around the Bay of Bengal as region of economic cooperation…the growth is here,” Wickremesinghe was quoted as saying.

Source: Sunday Times October 06, 2016 07:59 UTC