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Date: 08/05/2024

India-Sri Lanka ferry service to commence from May 13

A ferry service between Nagapattinam in Tamil Nadu and Jaffna, Sri Lanka will start on May 13, 2024 with both tax breaks and subsidies to bring costs down, according to India’s High Commission in Sri Lanka. India will subsidise operating costs and charges at the Nagapattinam port equivalent to 25 million Sri Lankan rupees a month for the next year, while the island nation will reduce its embarkation tax. In the future, connectivity with Sri Lanka will be further enhanced through electricity grid interconnection, a two-way multipurpose pipeline and setting up of a land connectivity economic corridor. The ferry service will be operated by IndSri Ferry Services, a private operator, selected by the Shipping Corporation of India in consultation with the Government of Sri Lanka, as per a report.
 
Source: Exim News Service: Chennai, May 7



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