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Sri Lanka optimistic of advancing in prestige at Indian Economic Summit

The Indian Economic Summit - 2009 will be held from November 8-10 in New Delhi.

The Confederation of Indian Industry (CII) and the World Economic Forum will unite their efforts to coordinate the sessions which are expected to project more conducive investment opportunities to benefit member States within the South Asian Association for Regional Cooperation (SAARC).

"Sri Lanka will also be attending these summit discussions this week", Secretary General/CEO Ceylon Chamber of Commerce, Harin Malwatte said.

However, this year an extraordinary phenomenon surfaced in that Sri Lanka has been afforded prominence by The World Economic Forum through a special session allocated within the main Conference agenda, he said.

Malwatte said that high-powered personnel would attend such sessions following initiatives originated by the Ceylon Chamber of Commerce.

Senior Assistant Secretary General, Ceylon Chamber of Commerce, Ms. Ayoni Waniganayake expanding on such discussions said the CII was effectively briefed on post-war circumstances and conducive business opportunities. All pointers would concentrate on plus projections that peace dividends would be largely immeasurable for future trade opportunities. Close liaison for cooperation with bigger players in the field of business corporation may encompass positive results.

Ms. Waniganayake, who would coordinate all aspects for the business delegation, said that included in the list were Minister of Public Administration and Home Affairs and deputy Minister of Finance and Planning, Dr. Sarath Amunugama, Chairman, CCC, Dr. Anura Ekanayake, Vice Chairman, Susantha Ratnayake and Deputy Vice Chairman, Suresh Shah.

Director BAM Knitting and BAM Holdings Ltd., Amanda Fernando, CEO, Hemas Holdings Husein Esufally, Chairman, Sri Krishna Corporation, Mano Selvanathan, Group Managing Director, Sunshine Holdings Ltd., Vish Govindasamy, Director, Carson Cumberbatch PLC, Krishna Selvanathan, Managing Director/CEO, Ceylon Tobacco PLC, Mustanser Ali Khan, Chairman Ceylon Tobacco PLC, J. D. Bandaranayake, President, Corporate Finance & Strategy John Keells Holdings, Krishna Balendra and Ayoni Waniganayake of the Chamber will also be members of the Sri Lankan delegation.

Pre-arranged prominence through instrumental action by the CCC engineered the position that the World Economic Forum would recognize Sri Lanka and its emergence in post-war context through sessions within the conference agenda on November 9.

The sessions would be moderated by Chief Mentor, CII, Tarun Das, a prominently recognized personage holding powerful influence with the Indian Government. More importantly who, at this point in time, endorses Sri Lanka’s entry to the big league players in the field of trade and international commerce. Amongst the panelists Dr. Sarath Amunugama, Pranab Mukerji, and Dr. Anura Ekanayake.

Assumptions are that post-war initiatives would gain progressive relevance and end result conclusions could garner positive results that Sri Lanka would attain prestige and prominence as an international commercial player.

Malwatte further said the geographical placing of Sri Lanka in the Indian Ocean could provoke positive thinking that its hub status would have numerous superfluities that could yield desired results.

Although the India Economic Summit agenda indicates Indian dominance, time allocated to discussion and determination on ‘The Next Chapter of Sri Lanka’s Growth‘ would discuss in-depth the end of the conflict and hope for new opportunities for lasting peace, building trust, and creating new investment opportunities.

Answers to the question ‘How can Sri Lanka accelerate its sustainable economic and social development while ensuring peace and stability’, would form direction at discussion at these sessions.

Manager, Foreign Trade and Information, CCC, Judith Fernando, said the SAARC Trade Portal was launched on October 29. The portal was a single point in access for all current SAARC related business and Trade information.

The physical network of 26 stakeholders are from eight SAARC nations including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

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