• Latest
  • Trending

India and Sri Lanka begin talks on Economic and Technical Cooperation Agreement (ETCA)

August 9, 2016
Income tax: Circular issued announcing several exemptions

Income tax: Circular issued announcing several exemptions

February 8, 2023
Microsoft has announced a new version of Bing

Microsoft unveils new Bing with ChatGPT powers

February 8, 2023
Electricity

Power cut schedule for today in Sri Lanka: February 8th

February 8, 2023
Dollars

Sri Lanka’s reserves cross USD 2bn

February 7, 2023
India hasn’t travelled to Pakistan since 2008

Pakistan refuse to travel to India for World Cup if Asia Cup 2023 moves out of Pakistan

February 7, 2023
Modi gets emotional over Turkiye quake, sends relief team with equipment

Modi gets emotional over Turkiye quake, sends relief team with equipment

February 7, 2023
Paris Club gives financing assurances to support IMF’s approval of EFF to Lanka

Paris Club gives financing assurances to support IMF’s approval of EFF to Lanka

February 7, 2023
ChatGPT. Image credits - Getty

Google unveils its ChatGPT rival

February 8, 2023
Doing justice to Slave Island

Doing justice to Slave Island

February 7, 2023
The hardest choice Gen. Musharraf had to make

The hardest choice Gen. Musharraf had to make

February 7, 2023
Earthquake

Death toll in Turkey, Syria earthquake soars past 3,700

February 7, 2023
Manchester City's Etihad Stadium

English Premier League accuses Manchester City of breaking financial rules

February 6, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Wednesday, February 8, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Income tax: Circular issued announcing several exemptions

    Income tax: Circular issued announcing several exemptions

    Electricity

    Power cut schedule for today in Sri Lanka: February 8th

    Dollars

    Sri Lanka’s reserves cross USD 2bn

    India hasn’t travelled to Pakistan since 2008

    Pakistan refuse to travel to India for World Cup if Asia Cup 2023 moves out of Pakistan

    Modi gets emotional over Turkiye quake, sends relief team with equipment

    Modi gets emotional over Turkiye quake, sends relief team with equipment

    Paris Club gives financing assurances to support IMF’s approval of EFF to Lanka

    Paris Club gives financing assurances to support IMF’s approval of EFF to Lanka

    Doing justice to Slave Island

    Doing justice to Slave Island

    The hardest choice Gen. Musharraf had to make

    The hardest choice Gen. Musharraf had to make

    Exchange Rate

    Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Microsoft has announced a new version of Bing

    Microsoft unveils new Bing with ChatGPT powers

    Modi gets emotional over Turkiye quake, sends relief team with equipment

    Modi gets emotional over Turkiye quake, sends relief team with equipment

    ChatGPT. Image credits - Getty

    Google unveils its ChatGPT rival

    Doing justice to Slave Island

    Doing justice to Slave Island

    Earthquake

    Death toll in Turkey, Syria earthquake soars past 3,700

    Sri Lanka offers rescue services to Turkey

    Sri Lanka offers rescue services to Turkey

    7.8 magnitude earthquake shakes central Turkey

    Second powerful earthquake hits Turkey and Syria; international aid efforts underway

    Beyoncé Wins Her 32nd Grammy, Making History at the Awards

    Beyoncé Wins Her 32nd Grammy, Making History at the Awards

    ChatGPT. Image credits - Getty

    7 ways to use ChatGPT at work to boost your productivity

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Beyoncé Wins Her 32nd Grammy, Making History at the Awards

    Beyoncé Wins Her 32nd Grammy, Making History at the Awards

    "Avatar: The Way of Water" has soared into the $2 billion club of top grossing movies worldwide.

    ‘Avatar: The Way of Water’ crosses $2 billion mark in worldwide box office

    Pathaan

    Posters of Shah Rukh Khan’s Pathaan torn down and burnt outside cinemas in India

    Oscars 2023

    Oscars 2023: ‘Everything Everywhere All At Once’ leads nominations

    Much-awaited Sri Lankan 3D animation movie “Gajaman” coming to theatres

    Much-awaited Sri Lankan 3D animation movie “Gajaman” coming to theatres

    Prince William and Prince Harry arrive at the Canadian National Vimy Memorial in Vimy, France on April 9, 2017.. Image credits - Jack Taylor/Getty Images/File

    Prince Harry’s ‘Spare’ creates world record, becomes fastest selling non-fiction book

    Cocaine Bear (Credit: Universal Pictures)

    20 of the best films to watch in 2023

    Avatar

    Avatar: The Way Of Water passes USD 1B at the global box office

    (Image credit: Alamy)

    The 20 best films of 2022

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Vaping

    Researchers uncover new negative effects of vaping

    Clashes in the educational field over Darwin’s theory of evolution

    Clashes in the educational field over Darwin’s theory of evolution

    Child. Image credits - Filip Mroz @mroz / Unsplash

    Your child’s academic success may start with their screen time as infants

    Chief pilot Ian Porter with wife Michelle, daughters Samantha and Sydney, who act as his co-pilots, and son Christopher.. Image credits - Samantha Porter

    The family of five flying around the world in a tiny plane

    Paris. Image credits - Alexander Kagan allewollenalex / Unsplash

    World’s ‘most powerful’ tourism city revealed

    Image credits - NASA nasa / Unsplash

    Earth’s inner core may have started spinning other way

    Global citizenship and residence advisory firm Henley & Partners has released its quarterly report on the world's most desirable passports. Click on to find out which passport offers the most access in 2023. Justin Sullivan/Getty Images

    The world’s most powerful passport for 2023 revealed

    Image credits - Tetiana Bykovets tetiana_bykovets / Unsplash

    New research reveals reason why chocolate tastes so good

    NASA’s Webb telescope

    Extraterrestrial wonders: Webb Telescope detects its 1st exoplanet

    Asafoetida plant. Photo via Adobe Stock.

    The most controversial ingredient in Indian food

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Microsoft has announced a new version of Bing

    Microsoft unveils new Bing with ChatGPT powers

    ChatGPT. Image credits - Getty

    Google unveils its ChatGPT rival

    ChatGPT. Image credits - Getty

    7 ways to use ChatGPT at work to boost your productivity

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp working on Calling shortcut feature for Android

    Child. Image credits - Filip Mroz @mroz / Unsplash

    Your child’s academic success may start with their screen time as infants

    Donald Trump

    Meta says it will restore Donald Trump’s Facebook and Instagram accounts

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Income tax: Circular issued announcing several exemptions

    Income tax: Circular issued announcing several exemptions

    Electricity

    Power cut schedule for today in Sri Lanka: February 8th

    Dollars

    Sri Lanka’s reserves cross USD 2bn

    India hasn’t travelled to Pakistan since 2008

    Pakistan refuse to travel to India for World Cup if Asia Cup 2023 moves out of Pakistan

    Modi gets emotional over Turkiye quake, sends relief team with equipment

    Modi gets emotional over Turkiye quake, sends relief team with equipment

    Paris Club gives financing assurances to support IMF’s approval of EFF to Lanka

    Paris Club gives financing assurances to support IMF’s approval of EFF to Lanka

    Doing justice to Slave Island

    Doing justice to Slave Island

    The hardest choice Gen. Musharraf had to make

    The hardest choice Gen. Musharraf had to make

    Exchange Rate

    Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Microsoft has announced a new version of Bing

    Microsoft unveils new Bing with ChatGPT powers

    Modi gets emotional over Turkiye quake, sends relief team with equipment

    Modi gets emotional over Turkiye quake, sends relief team with equipment

    ChatGPT. Image credits - Getty

    Google unveils its ChatGPT rival

    Doing justice to Slave Island

    Doing justice to Slave Island

    Earthquake

    Death toll in Turkey, Syria earthquake soars past 3,700

    Sri Lanka offers rescue services to Turkey

    Sri Lanka offers rescue services to Turkey

    7.8 magnitude earthquake shakes central Turkey

    Second powerful earthquake hits Turkey and Syria; international aid efforts underway

    Beyoncé Wins Her 32nd Grammy, Making History at the Awards

    Beyoncé Wins Her 32nd Grammy, Making History at the Awards

    ChatGPT. Image credits - Getty

    7 ways to use ChatGPT at work to boost your productivity

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Beyoncé Wins Her 32nd Grammy, Making History at the Awards

    Beyoncé Wins Her 32nd Grammy, Making History at the Awards

    "Avatar: The Way of Water" has soared into the $2 billion club of top grossing movies worldwide.

    ‘Avatar: The Way of Water’ crosses $2 billion mark in worldwide box office

    Pathaan

    Posters of Shah Rukh Khan’s Pathaan torn down and burnt outside cinemas in India

    Oscars 2023

    Oscars 2023: ‘Everything Everywhere All At Once’ leads nominations

    Much-awaited Sri Lankan 3D animation movie “Gajaman” coming to theatres

    Much-awaited Sri Lankan 3D animation movie “Gajaman” coming to theatres

    Prince William and Prince Harry arrive at the Canadian National Vimy Memorial in Vimy, France on April 9, 2017.. Image credits - Jack Taylor/Getty Images/File

    Prince Harry’s ‘Spare’ creates world record, becomes fastest selling non-fiction book

    Cocaine Bear (Credit: Universal Pictures)

    20 of the best films to watch in 2023

    Avatar

    Avatar: The Way Of Water passes USD 1B at the global box office

    (Image credit: Alamy)

    The 20 best films of 2022

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Vaping

    Researchers uncover new negative effects of vaping

    Clashes in the educational field over Darwin’s theory of evolution

    Clashes in the educational field over Darwin’s theory of evolution

    Child. Image credits - Filip Mroz @mroz / Unsplash

    Your child’s academic success may start with their screen time as infants

    Chief pilot Ian Porter with wife Michelle, daughters Samantha and Sydney, who act as his co-pilots, and son Christopher.. Image credits - Samantha Porter

    The family of five flying around the world in a tiny plane

    Paris. Image credits - Alexander Kagan allewollenalex / Unsplash

    World’s ‘most powerful’ tourism city revealed

    Image credits - NASA nasa / Unsplash

    Earth’s inner core may have started spinning other way

    Global citizenship and residence advisory firm Henley & Partners has released its quarterly report on the world's most desirable passports. Click on to find out which passport offers the most access in 2023. Justin Sullivan/Getty Images

    The world’s most powerful passport for 2023 revealed

    Image credits - Tetiana Bykovets tetiana_bykovets / Unsplash

    New research reveals reason why chocolate tastes so good

    NASA’s Webb telescope

    Extraterrestrial wonders: Webb Telescope detects its 1st exoplanet

    Asafoetida plant. Photo via Adobe Stock.

    The most controversial ingredient in Indian food

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Microsoft has announced a new version of Bing

    Microsoft unveils new Bing with ChatGPT powers

    ChatGPT. Image credits - Getty

    Google unveils its ChatGPT rival

    ChatGPT. Image credits - Getty

    7 ways to use ChatGPT at work to boost your productivity

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp working on Calling shortcut feature for Android

    Child. Image credits - Filip Mroz @mroz / Unsplash

    Your child’s academic success may start with their screen time as infants

    Donald Trump

    Meta says it will restore Donald Trump’s Facebook and Instagram accounts

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Business

India and Sri Lanka begin talks on Economic and Technical Cooperation Agreement (ETCA)

Editor by Editor
August 9, 2016
in Business
Reading Time: 3 mins read
2 0
A A

Malik Samarawickrama, Sri Lankan Minister of Strategic Development and International Trade

Share on WhatsApp

Colombo, August 9 (NIA): India and Sri Lanka on Tuesday began preliminary official level talks on an Economic and Technical Cooperation Agreement (ETCA) which the two countries hope to sign by year end. The four-member Indian delegation is led by Bhupinder Singh Bhalla, Joint Secretary ,Ministry of Commerce. The talks will be held over a period of two days.

Officials said that since this is the very first meeting, the two sides will only explore the broad contours of the ETCA in terms of what areas it should cover and what it should avoid. They will also state their needs and concerns in the light of the changing economic situation and the experience accruing  from the India-Sri Lanka Free Trade Agreement (ISLFTA) which has been in existence since 2000.

While India is looking at the ETCA as a mechanism to enable it to participate in the post-war economic development of Sri Lanka through Indian investments in select areas, the Sri Lankan government is wanting to use ETCA to become part of the Indian supply chain, exploiting Indian Prime Minister Narendra Modi’s “Make in India” movement to boost India’s manufacturing sector.

ADVERTISEMENT

The Sri Lankan Ministry of Strategic Development and International Trade had issued a statement in which it said that the ETCA will enable Indian manufacturers to set up factories in Sri Lanka to export their products to Pakistan, China and other countries with which Sri Lanka has or is planning to have Free Trade Agreements.

Properly exploited, ETCA can bring down the cost of trade between India and Pakistan drastically. At the moment, Indo-Pak trade is 150 percent more expensive than China-US trade, pointed out Razeen Sally, Chairman of Sri Lanka’s Institute of Policy Studies, a government funded economic think tank.

Even though the stated objective of ETCA is not to open up Sri Lanka to Indian services personnel, there is a widespread and deep rooted fear among professionals in Sri Lanka, that India will eventually find ways of exporting their services personnel to Sri Lanka and take over local jobs by offering their services as a lesser cost. But the Sri Lankan government has assured the professional bodies in the island that government would ensure that the floodgates are not opened to Indian professionals.

Indian Prime Minister Narendra Modi
Indian Prime Minister Narendra Modi

India itself is planning to send professionals only into the IT sector and Ship building, where there is a need for expertise and higher levels of training. These are also sectors that could boost Sri Lanka’s exports.

Sri Lankan IT bodies claim that they can do without Indian expertise, but the Vice President of Google in charge of India and South East Asia, Rajan Anandan, told a conference here recently, that Sri Lanka needs not only more IT professionals but also those of a significantly higher grade if it is to be a significant exporter of IT products. He pointed out that while Sri Lanka has only 80,000 IT professionals, just one company in India, Tata Consultancy Services (TCS), has 300,000! As regards quality, the 4000 to 5,000 highly qualified professionals Sri Lanka has, are not enough, Anandan said. The world-class Moratuwa University should not restrict its annual intake to just 100. He added.

At any rate, India has assured that it will not thrust anything on Sri Lanka. Prime Minister Modi has said twice that Indian economic cooperation will be based on Sri Lanka’s needs and priorities. On the Sri Lankan side, the Minister of Strategic Development and International Trade Malik Samarawickrama has not only assured that Indians will not be allowed to swallow Sri Lankan jobs, but has offered to include a representative of professional and trade organizations in the country’s negotiating team. The government is also working on a National Policy of Trade Agreements which will set out the basic objectives and get the sanction of parliament.

 

Related Posts

Gautam Adani
Around South Asia

Adani loses Asia’s richest crown as stock rout deepens to $84 billion

February 2, 2023
Gautam Adani, Photo.Business Standard
Around South Asia

Who is India’s Adani and why is his company tanking?

January 31, 2023
Jaishankar’s Colombo visit underscores Delhi’s role as the first responder in crises   
Business

Jaishankar’s Colombo visit underscores Delhi’s role as the first responder in crises   

January 20, 2023
Pakistan invites Lankans to participate in its Engineering and Healthcare Show
Business

Pakistan invites Lankans to participate in its Engineering and Healthcare Show

January 19, 2023
The US State Department has approved a potential $1.1 billion sale of military equipment to Taiwan. (Photo: Reuters)
Around The World

US angers China with potential $1.1 billion arms sale to Taiwan

September 3, 2022
Apple iPhone 13 Mini, iPhone 13, iPhone 13 Pro and iPhone 13 Pro Max smartphones (Bloomberg)
Around South Asia

Apple plans to make iPhone 14 in India

August 23, 2022
  • Electricity

    Power cut schedule for today in Sri Lanka: February 8th

    59263 shares
    Share 23727 Tweet 14807
  • Registration open for National Fuel Pass

    6627 shares
    Share 2688 Tweet 1641
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    1689 shares
    Share 682 Tweet 420
  • WATCH : Yohani’s first live performance in India

    789 shares
    Share 328 Tweet 192
  • Power interruption schedule released: Check your area power cut time

    742 shares
    Share 320 Tweet 176
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

eskisehir escort -

https://www.vudols.com/

- Sağlık Personeli - mersin escort - Antalya korsan taksi