The first meeting of the India Sri Lanka CEOs Forum took place at Colombo on August 04, 2012. The forum was constituted by Indian PM Dr. Manmohan Singh and Sri Lankan President Mahindra Rajapaksa to enhance the trade and investment between the two nations.
In the meeting the CEOs felt there are immense opportunities in the apparel sector for both sides to increase their market share in the world. They also discussed about the rubber products, where both nations could explore joint ventures, particularly supply of rubber components to India from Lanka.
The CEOs also emphasized the importance of a flexible visa regime and have identified the potential area for cooperation in the power sector to bring down the trade deficit between the two countries.
The forum aims to develop a road map for increased cooperation and mutually beneficial economic partnership between the two neighboring countries.