|Wednesday, 6 October 2004|
Lanka, India joint ventures for plastic products
The Export Development Board (EDB) will organise one to one business meetings with the Organisation of Plastic Process of India (OPPI) to explore the feasibility of financial collaboration in establishing joint ventures for manufacturing plastic products from today till October 8 at the EDB. A trade delegation from 10 companies in India will meet over 50 local plastic exporters and manufacturers during the three days.
The Indian businessmen are exploring avenues to strengthen India's trade links with Sri Lankan businessmen basically on plastic and plastic related products. The one to one-business meeting proposes to establish and develop bi-lateral trade for plastic raw materials, plastic processing products and plastic processing machines.
An official of the EDB said OPPI plays a key role to promote trade links with the local plastic business community while the EDB's aim to encourage plastic exporters and manufacturers by providing its cooperation to promote Indian business to develop the national economy. "India is one of the largest plastic markets for Sri Lanka.
Sri Lanka has exported plastic products worth approximately Rs. 451 million to India in 2003 while it was Rs.449 million in 2002. In order to improve trade links with this delegations, we will arrange a library and information service too," he said.
Produced by Lake House