Union Minister of State for Commerce and Industry Nirmala Sitharaman has said that there are a lot of opportunities for expansion of bilateral trade between India and Sri Lanka and the proposed Economic and Technology Cooperation Agreement (ETCA) between the two countries is an attempt to facilitate it. Addressing a press conference in Colombo today during her visit to Sri Lanka, the minister tried to assuage fears among some section of Sri Lankans on the proposed agreement, saying it will be based on mutual trust and all issues will be sorted out without putting pressure on timeline for finalizing it. The minister also added that there are various sectors including power, ports and airports where Indian companies are looking to invest in Sri Lanka. The visit comes ahead of the meeting scheduled at New Delhi later this week to further discuss ETCA. Both sides have begun negotiations on the draft agreement and first round of talks were held in Colombo last month.