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Newsletter - May-June 2020

Economic

Focus Issues	High Impact News
Prime Minister Narendra Modi addressed Virtual Vesak Event on Buddha Purnima amid COVID-19 Prime Minister Narendra Modi, participated in a virtual Vesak global celebrations of Buddha Purnima on May 7, 2020. The event was organized in the honour of the victims and the frontline warriors of COVID-19...	Fourth Gift Consignment of Medicines arrived from India with High Commissioner-Designate H. E. Gopal Baglay India’s High Commissioner-designate to Sri Lanka H.E. Gopal Baglay arrived in Colombo on May 8, 2020 on the same Indian Air Force (IAF) cargo aircraft that carried...
Prime Minister Narendra Modi announced Rs 20 trillion stimulus package to jump-start economy Prime Minister, Shri Narendra Modi in his fifth address since the Covid-19 outbreak, announced a much-awaited $266 billion (Rs 20-trillion) stimulus package...	India gifted consignment of medical gloves to Sri Lanka In continuation of ongoing assistance from the Government of India to fight against the COVID-19 pandemic, the High Commission of India in Colombo handed over a consignment of medical...
First special flight carrying Indian nationals took off from Colombo The first special Air India flight AI 0276 carrying 176 Indian nationals stranded in Sri Lanka took off from Colombo for Mumbai, Bhubaneswar and Kolkata on May 29, 2020...	India gifted 10-ton consignment of medicines to Sri Lanka Government of India gifted a 10-ton consignment of essential lifesaving medicines to the Government of Sri Lanka, to aid in countering the COVID-19 crisis on April 7, 2020...
MEA announced COVID-19 training program for healthcare professionals from SAARC countries The External Affairs Ministry announced a training programme on COVID-19 from April 17 for healthcare professionals from SAARC countries...	India provided 1 million hydroxychloroquine tablets to Sri Lanka India cleared the first list of 13 countries for Hydroxychloroquine (HCQ) which includes United States Spain, Germany, Bahrain, Brazil, Nepal, Bhutan...
Prime Minister, Shri Narendra Modi’s message on World Health Day On the occasion of World Health Day on April 7, 2020, Prime Minister Narendra Modi urged citizens to extend their gratitude towards nurses and healthcare workers who are “battling against the Covid-19 menace”...	High Commissioner H.E. Gopal Baglay presented credentials to President H.E. Gotabaya Rajapaksa through video-conference H.E. Gopal Baglay, the new High Commissioner of India to Sri Lanka presented his Letter of Credence (credentials) to H.E. Gotabaya Rajapaksa...
Patenting of Innovative Low Cost PPE developed by Indian Navy Paves way for Rapid Mass Production The low cost PPE has been developed by a Doctor of the Indian Navy, posted at the recently created Innovation Cell at Institute of Naval Medicine (INM), Mumbai. A pilot batch of PPEs has already been produced...	High Commissioner of India, H.E. Gopal Baglay called on President Gotabaya Rajapaksa High Commissioner of India, H.E. Gopal Baglay paid a courtesy call on President Gotabaya Rajapaksa at the Presidential Secretariat on May 28, 2020. The High Commissioner expressed his gratitude to the President...
USD 575 billion investment opportunity in transport infra in next 5 yrs: Kearney Transport infrastructure sector in India holds an investment opportunity of USD 575 billion in the next five years, according to a report by management consulting firm Kearney on May 20, 2020. Although the country...	High Commissioner of India, H.E. Gopal Baglay called on Prime Minister Mahinda Rajapaksa The High Commissioner of India to Sri Lanka, H.E. Gopal Baglay paid his first call on Sri Lankan Prime Minister Mahinda Rajapaksa at Temple Trees in Colombo on May 27, 2020. The High Commissioner Gopal Baglay conveyed...
EV manufacturer Gemopai to launch new mini-scooter ‘Miso’ in India Auto manufacturer Gemopai is planning to launch its new electric vehicle- a mini scooter ‘Miso’ in India in June. The electric scooter manufacturer announced its plan to launch its new mini scooter to enable better mobility...	High Commission of India held Video Conference on post Covid economic recovery with Indian CEO Forum Board Members Auto manufacturer Gemopai is planning to launch its new electric vehicle- a mini scooter ‘Miso’ in India in June. The electric scooter manufacturer announced its plan...
ADB approved $1.5 billion loan to India to fight COVID-19 The Asian Development Bank (ADB) on April 28, 2020 said it has approved $1.5 billion loan to India to help fund its fight against corona virus pandemic. The loan has been sanctioned to support immediate priorities such...	Collaboration between two countries ensure faster Economic Recovery A webinar was jointly organized by ASSOCHAM, India, and Ceylon Chamber of Commerce, Sri Lanka to discuss the post-pandemic economic recovery on May 16, 2020. Speaking at the Webinar, Ms. Suja K. Menon, Head of Economic...
PHD Chamber of Commerce and Industry of India organized Video Conference on Post Covid Economic Recovery A Video Conference, organized by the PHD Chamber of Commerce and Industry of India, was held on the prospects of business promotion in the South Asian region, The Head of the...	SL-India trade bodies to promote bilateral trade, investment The Federation of Indian Export Organisations (FIEO) organised an interactive video-conference session with the participation of Federation Chamber of Commerce and Industry - Sri Lanka (FCCISL) and the Colombo Chamber...
TPC's 3 thermal power plants achieved 100 pc PLF State-owned NTPC on May 10, 2020 said that NTPC Ltd has achieved 100 per cent Plant Load Factor (PLF), at three of its thermal power stations. NTPC Vindhyachal (4,760 MW) in Madhya Pradesh, NTPC Talcher Kaniha (3,000 MW) in Odisha...	Acting High Commissioner of India called on Foreign Minister Acting High Commissioner of India to Sri Lanka Vinod K. Jacob called on Foreign Minister Dinesh Gunawardena in Colombo on April 20, 2020. During the meeting, the Acting High Commissioner briefed the Minister...