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India and Sri Lanka launch Northern Gateway Initiative to boost northern Sri Lanka’s economy via trade, investment, and digital reforms.
India and Sri Lanka have launched the Northern Gateway Initiative to transform Sri Lanka’s Northern Province into a high-growth "Frontier Province" via a Palk Strait Corridor.
The plan includes a single-window authority for fast approvals, Indian Rupee trade settlement, tax holidays, duty-free imports for machinery, and digital visas for Indian professionals.
Export zones modeled on southern India aim to boost manufacturing and IT, with incentives tied to job creation and skill development.
The initiative, subject to five-year reviews, seeks to integrate the region into global value chains and serve as a replicable model for economic growth.
India y Sri Lanka lanzan la Iniciativa de la Puerta Norte para impulsar la economía del norte de Sri Lanka a través del comercio, la inversión y las reformas digitales.