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Article: A big market opens up in the Indian ocean
- Article from:
- Colombo Times
- Article date:
- May 21, 2009
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Colombo, May 21 -- Chennai, May 20 As the guns fall silent in Sri Lanka, a different kind of noise begins to strike the ear - the bustle of economic activity. As the peace dove descends on the beautiful island nation, a bouquet of opportunities presents itself to businessmen.
Peacetime Sri Lanka is a nice market of 20 million prosperous people - that is as big as Australia. How much of goods and services could be sold to them!
India's per capita income is $960; Sri Lanka's is $1,600.
This year, the Sri Lankan army budgeted for an expenditure of $1.6 billion, on top of $1.5 billion last year. Now that the war is over, the defence expenditure will come down. The Sri Lankan government, with a ...