India proposes to invest $2 bn in Sri Lanka: Ramesh

India is committed to a closer economic cooperation with Sri Lanka, visiting minister Jairam Ramesh said today, while is stating that investments of 2 billion dollars from business houses in his country into the Island Nation are at discussion stage.

"While 220 million dollars worth of Indian investment is already there in Sri Lanka as much as 2 billion dollars of investment by Indian business houses into the Island country are under discussions," India's Minister of State for Commerce Jairam Ramesh told reporters here at Indo-Sri lankan Investment Seminar.

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