The Andhra Pradesh Government of India is contemplating setting up an industrial corridor in Sri Lanka, the Indian Express reported recently.
Officials also said Sri Lanka was the best bet for AP for conducting trade in sea foods, pharmaceuticals and tourism sectors as Sri Lanka is strategically located. And the news said the Sri Lankan government may allocate land to the AP government in Jaffna or Trincomalee for this purpose.
The Sri Lankan government is also planning to invest in AP in the textile and aviation sectors through a mutual trade agreement. “The MoU will be signed shortly for implementing the AP special economic zone in Sri Lanka. There are good opportunities to invest in the pharmaceutical and tourism sectors in Sri Lanka,” Industries Minister Reddy said.