India’s first bullet train to travel underwater in the Arabian Sea

India’s first bullet train to travel underwater in the Arabian Sea

Mumbai, Feb 22 – The quest to build India’s first underwater bullet train has officially begun. The Indian Railway Ministry has announced that drilling on the 7-km underwater route of the Mumbai-Ahmedabad rail corridor has commenced in order to analyse the soil conditions of the area. The undersea bullet train will be launched in India […]

Sri Lanka, very interesting spot for the maritime industry, says Norway

Sri Lanka, very interesting spot for the maritime industry, says Norway

Colombo, Feb 21 (NIA) – Norway, on Tuesday said it was ready to invest on the Sri Lankan ports as Norway had good knowledge and expertise on the marine industry. Norway’s Ambassador to Sri Lanka Thorbjorn Gaustadsaether said Norway could not do huge investment like China or India but it could provide advanced technology in several areas. “We have […]

Sri Lankan Airlines named ‘Best Airline in South Asia’

Sri Lankan Airlines named ‘Best Airline in South Asia’

Colombo, Feb 17 (NIA) – Sri Lanka’s national airline carrier, SriLankan Airlines added yet another accolade when China’s Top Travel magazine named it the Best Airline in South Asia at the 10th Annual Top Travel Awards, recognizing SriLankan’s continuous efforts at expanding travel between China and Sri Lanka. This is the latest in a string […]

More tech work move to Sri Lanka and India if US visas restricted: Virtusa

More tech work move to Sri Lanka and India if US visas restricted: Virtusa

Colombo, Feb 13 – VirtusaPolaris, a US-heaquartered information technology firm with development hubs in Sri Lanka and India says more work will shift out of America if planned visa restrictions become law. “The demand for technology services in the US cannot be fulfilled by the labour and the industry within the United States,” Virtusa Chairman […]

Sri Lanka foreign reserves drop by $568 million in January

Sri Lanka foreign reserves drop by $568 million in January

Colombo, Feb 13 – Sri Lanka’s official reserves dropped 567.5 million US dollars to 5.45 billion dollars in January, down from 6.01 billion dollars at the end of December, official Central Bank data showed. Foreign currency reserves were 4.52 billion US dollars and reserves in Gold were 0.86 billion US dollars, the LBO reported. The […]

Sri Lanka, Israel discuss direct air links to increase tourism

Sri Lanka, Israel discuss direct air links to increase tourism

Colombo, Feb 7 (NIA) – Sri Lanka and Israel have discussed the possibility of establishing direct air links in order to increase the number of tourist arrivals into the island nation, the Tourism Ministry said here Tuesday. The Ministry said renewed efforts are being made to position Sri Lanka as an attractive destination for the outbound […]

Indian entrepreneurs suggest strategies for industrializing Jaffna

Indian entrepreneurs suggest strategies for industrializing Jaffna

Jaffna, October 3 (The New Indian Express): Indian entrepreneurs who participated in the Jaffna International Trade Fair held here between January 27 and 29, have suggested strategies to industrialize Jaffna and the rest of Sri Lanka’s Tamil-speaking Northern Province making use of local resources and talent. Amandeep Azad of Azad Engineering Company of Gaziabad, who […]

Sri Lanka to set up industrial park with India

Sri Lanka to set up industrial park with India

Colombo, Feb 3 – Sri Lanka and India will set up a joint venture industrial park in the North Central province, close to the expressway that is being built, Prime Minister Ranil Wickramasinghe said. The government has identified an 800-acre site in Bingiriya, about 76 kilometres from the capital Colombo, to build, the Economynext reported. […]

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