In order for a country to develop economically, it must be open to the world: President Ranil Wickremesinghe

President Ranil Wickremesinghe stated that he is interested in exposing Sri Lanka to the world for economic development promptly as possible and to implement related legal reforms

The President expressed these views while participating as the chief guest at the “Indian CEO Forum”.

President Ranil Wickremesinghe further commented: Trade between Sri Lanka and India began 700 years ago. We have a remarkable history of Kerala merchants venturing to Sri Lanka and establishing businesses, ultimately integrating into our local system. This cultural amalgamation is evident in landmarks like the Pattini Devalaya in Navagamuwa, which reflects the influence of Kerala on Sri Lankan culture. By the late 19th century, India accounted for only 1% of the world’s GDP. However, with the shift of economic power towards Asia, India has again risen to prominence. Just as East Asia, including countries like Japan, Korea, and China, witnessed significant growth 75 years ago, it is now India’s turn, along with the Indian Ocean region. It’s important to note that India is not the sole nation rising in this context; the oil countries in West Asia are also on the ascent. Positioned strategically in the middle, Sri Lanka benefits from its proximity to India and its rich history, cultural heritage, and longstanding trading relationships spanning 2,500 years.