On Prime Minister Narendra Modi’s maiden visit to Dhaka, India and Bangladesh on Saturday sealed a historic agreement that will settle a 41-year-old land boundary dispute through exchange of territories, removing a major irritant in bilateral ties.
The two sides exchanged documents regarding the Land Boundary Agreement (LBA) that was passed unanimously by the Parliament last month in the presence of Mr. Modi and his Bangladeshi counterpart Sheikh Hasina besides West Bengal Chief Minister Mamata Banerjee.
Tourist arrivals in Sri Lanka increased 26 percent from a year earlier to 113,529 in May 2015, with growth in seen in the Chinese and Indian arrivals, data from the state tourist promotion agency showed.
Chinese tourists were up 71 percent to 12,173 while Indian arrivals were up 38.2 percent to 31,764.
A Dutch delegation of dairy companies will visit Sri Lanka in June to explore doing business with local firms and support the island’s dairy industry, the embassy said in a statement.
“This visit should result in long term business activities which will contribute towards economic development in Sri Lanka and the Netherlands”, Louis Piët, the Ambassador of the Kingdom of the Netherlands said in a statement.
Sri Lanka’s Finance Minister Ravi Karunanayake has said that the government will allocate 1,296 million rupees for 390 projects in the Colombo District which were halted due to lack of funding.
“These projects should have been completed last year. But the government has not given funds,” Karunanayake has told LBO.
