India is poised to become the world's second largest economy by 2075 and according to FTs Martin Wolf, by 2050, India’s purchasing power will be 30% higher than the USA.

According to a report from the World Economic Forum, India will be the world's third-largest economy by 2030. In 2023, India contributed 16% to global growth and, at a 7.2% growth rate, is one of the fastest-growing economies in the world.


Currently, Mauritius, the UAE, and Australia all have comprehensive economic treaties with India, while the UK, Canada, and Israel are currently in talks with India to finalize FTAs— all attempts to forge closer economic ties with a potential growth engine of the world.


Sri Lanka was the first country to sign a Free Trade Agreement with India (1998), and as a civilizational twin and close neighbor, it is uniquely poised to benefit from India’s growth. As a country recovering from an economic crisis but now stabilizing and looking for growth, a closer India-Sri Lanka economic partnership could be a win-win proposition for both countries.


The Lanka India Business association has been created to develop such a win win proposition by engagement with all segments of the business community in Sri Lanka and India.

high-commissioner

Message from the Indian High Commissioner

“India and Sri Lanka have longstanding civilizational links, with economic and commercial relationships naturally being an integral part of them. I look forward to LIBA further strengthening and fostering closer ties among the business community from both countries. I welcome this initiative and wish Mr Santosh Menon, President of LIBA, and the founding members of the board much success in achieving their goals.”

H.E. Santosh Jha

The High Commissioner of India to Sri Lanka

LIBA aims to promote and enhance business ties between Sri Lanka and India by creating an environment where businesses can connect, collaborate, and grow together.

Objectives

Strengthening Business Connections

Enhance business connections between India and Sri Lanka.

Encouraging Collaborations Across Sectors

Encompass the entire gamut of the business relationship, including business-to-business interactions, startup collaborations, educational partnerships, IT exchanges, and climate change opportunities for business.

Promoting Meaningful Engagement

Create meaningful, mutually beneficial engagement between the Indian and Sri Lankan business communities.

Strengthening Business Connections

Promote the opportunities provided by the Indian economy and its growth for Sri Lanka.

Membership

Eligibility Criteria:
  • Sri Lankan nationals with proven professional or business interest in India (based on seniority)
  • Indian nationals in Sri Lanka contributing to local businesses (based on seniority)
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Leadership

LIBA is guided by a dedicated governing council comprising experienced business leaders who are committed to fostering stronger business ties between India and Sri Lanka.

GOVERNING COUNCIL MEMBERS:
  • President: Santosh Menon
  • Secretary: Samanthi Dias
  • Nevindaree Prematatne
  • Aashique Ali

The governing council works to implement LIBA’s vision by driving strategic initiatives, organizing events, and creating opportunities for business engagement.

LIBA council members

Santosh Menon

MD / Chairman – FCBKL.LK

Samanthi Dias

Founder of Front Page Legal Services

Sandeep Holey

Director & Country Head, UltraTech, Sri Lanka | ISB | HBS

Ashique Ali

Founder and Director Talliance/TCC, Executive Committee Member TiE Colombo Chapter, Past Chairman SLASSCOM

Dilshan Rodrigo

CEO -Union Bank

Nevindaree Premaratne

Founder & CEO at The Makers | Startup Ecosystem Builder | Lecturer | Business Mentor | Educator in STEM

News

Stay informed with the latest developments, news, and updates from LIBA and the broader Sri Lanka-India business community.

LIBA provides regular updates on:
  • Key business announcements
  • Upcoming events and networking opportunities
  • Policy changes and trade agreements
  • Success stories of partnerships between Sri Lankan and Indian businesses
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