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Indo – Lanka defence seminar & exhibition in Colombo

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The High Commission of India in Sri Lanka is organizing the first India- Sri Lanka Defence Seminar and Exhibition to promote cooperation and collaboration between the two countries on defence equipment today (June 07) at Taj Samudra, Colombo.

The event would witness participation from the Indian Defence Industry, Sri Lankan entrepreneurs, Sri Lanka Armed Forces, Police and Special Task Force.  State Minister of Defence – Pramitha Bandara Tennakoon will be the Chief Guest and other senior officials from Sri Lanka including Secretary of Defence, Chief of Defence Staff and the Service Commanders will grace the event.

A statement by the Indian High Commission in this regard further notes :

The grand event includes a Seminar highlighting the capability and capacities of the two countries in defence equipment manufacturing and would also exhibit a wide variety of defence products. The event, keeping with the Government of India’s endeavour to deepen ties with Sri Lanka through inclusive and collaborative engagement, aims to identify newer areas of cooperation for economic revival whilst ensuring capacity building of Sri Lanka Armed Forces. The exhibition will also be open to the public, providing them an opportunity to see various defence equipment on display.

It may be recalled that Sri Lanka Armed forces have been successfully operating a wide range of Indian defence equipment like Indra Radar, Advanced Offshore Patrol Vessels, L 70 Guns, Dornier Aircraft and Army training simulators. Similarly, Indian armed forces use Fast Interceptor Crafts and refit of Floating Dock at Colombo. More recently, the Government of India has committed to the supply of Floating Dock, Maritime Rescue Coordination Centre and Dornier aircraft which would ensure capacity building of Sri Lanka Armed Forces.

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Three injured in Kosgama shooting, including 12-year-old girl

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Three people, including a 12-year-old girl, were injured in a shooting incident at Suduwella, Kosgama, early this morning (6), police said.

They said the victims were travelling in a three-wheeler when two individuals on a motorcycle opened fire using a pistol-type weapon.

The injured include a 30-year-old woman and her 12-year-old daughter, both residents of Avissawella, as well as a 44-year-old man.

All three have been admitted to Avissawella Hospital for treatment.

Police said the motive for the attack and the identities of the suspects have not yet been established.

Kosgama Police are conducting further investigations into the incident.

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Four Sri Lankans arrested at BIA with 378 bottles of liquor

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Four Sri Lankan passengers were arrested by Customs officers at the Bandaranaike International Airport (BIA) this morning while attempting to smuggle in a large consignment of whiskey and cardamom valued at approximately Rs. 15 million.

The suspects, residents of Colombo and Hatton had arrived in the country on IndiGo flight 6E-1183 from Bangalore, India, which landed at 1:00 a.m.

Customs officials uncovered the contraband during baggage checks, finding 378 bottles of whiskey and 132 kilograms of cardamom concealed in 20 pieces of luggage. The items were reportedly purchased from a duty-free shopping complex at a foreign airport.

The four individuals have been detained, and further investigations are being carried out by the Airport Customs Division.

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Treasury sounds alarm over vehicle import boom’s dollar drain

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The Treasury has warned the Central Bank that the enthusiasm shown in the import of vehicles after the ban was lifted could have a negative impact on foreign reserves and urged that precautionary measures be taken.

A senior Treasury official said that in the five months after the restrictions on the import of vehicles were lifted, Letters of Credit to the value of US$ 742 million have been opened, against the proposed target of allowing up to US$ 1 billion.

Accordingly, the Treasury has advised the Central Bank that as the opening of the LCs and imports has been at a rate faster than anticipated, it should closely study the trend of imports and take remedial measures in advance.

The Treasury has pointed out that the outflow of US dollars could have a serious impact on the foreign currency reserves and also on the exchange rates. As a result, there could be an impact on imports of essentials, including fuel.

The longstanding vehicle import ban was lifted in February this year, and so far more than 18,000 vehicles have been brought into the country, while import levies have earned a tax revenue of Rs 220 billion, Customs Spokesman Seevali Arukgoda told the Sunday Times.

The revenue from vehicle imports has made a significant contribution to the taxes in the form of customs levies amounting to Rs one trillion so far for the year. The Customs revenue target for this year is Rs 2.1 trillion.

(sundaytimes.lk)

(Except for the headline, this story, originally published by sundaytimes.lk has not been edited by SLM staff)

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