Trade deficit with China has declined 19.39 per cent from USD 56.95 billion in 2019 to USD 45.91 billion in 2020 as the country’s imports from the neighbouring country contracted 10.87 per cent to USD 66.78 billion from USD 74.92 billion in 2019, the data showed.
Stating that we need more joint ventures, more investments in the infrastructure and the manufacturing sector. “The role of Sovereign Wealth Funds in facilitating this will be very critical,” Mr. Bhattacharyya said
The focus on standards and quality will facilitate exports of quality products from India fetching better unit realisation and enabling Indian manufacturers to meet the technical standards
The Sri Lanka Investment and Business Conclave will be held in Colombo from 16th to 17th September 2019, and Indian industry members are invited for their participation at the event in Colombo, to explore new business and investment opportunities.