New Delhi, Sep 28 (KNN) Expressing satisfaction over progress on Economic and Technology Co-operation Agreement (ETCA) between India and Sri Lanka, the Commerce Ministry said that the Second Round of negotiations for the ETCA is scheduled to take place in the national capital on September 29-30, 2016.

The Commerce and Industry Minister Nirmala Sitharaman was on a two-day visit to Sri Lanka on September 26-27 to enhance the bilateral trade and investment relations between the two countries.

She discussed various bilateral trade and investment issues with Prime Minister of Sri Lanka and also attended the India-Sri Lanka Business Forum along with Malik Samarawickrama, Minister of Development Strategies and International Trade of Sri Lanka.

Many issues relating to trade, services and investment were highlighted and it was agreed that their resolution be explored.

The Commerce and Industry Minister also suggested that the meeting of the reconstituted India-Sri Lanka CEO Forum be held at the earliest.

Sitharaman also had a bilateral meeting with a high level Sri Lankan delegation led by Minister of Development Strategies and International Trade of Sri Lanka.

The visit has emphasised the importance of Sri Lanka as an important trading and investment partner for India and would help in further deepening the existing bilateral relations.

Sitharaman has also said that India will invest up to $2 billion in Sri Lanka over the next four years in a variety of sectors including real estate, energy and infrastructure.

"In the next two to four years, the total investment interests will rise to $2 billion," Sitharaman told reporters in Sri Lanka at the end of her three-day visit to the island nation. (KNN Bureau)