India seeks ‘positive transformation’ in bilateral ties during Sri Lanka President’s upcoming vi...

- onlanka.com

India Foreign Secretary Vinay Kwatra with Sri Lanka President Ranil Wickremesinghe

India is seeking a “positive transformation” in its ties with Sri Lanka, Foreign Secretary Vinay Kwatra said, following a meeting with President Ranil Wickremesinghe in Colombo on Tuesday (July 11).

In a visit aimed at laying the groundwork for Mr. Wickremesinghe’s upcoming trip to New Delhi on July 21 his first official visit to India since becoming President under extraordinary circumstances a year ago Mr. Kwatra said he discussed ties across “the entire matrix of economic partnership” between the two countries.

“My discussions earlier today with the Sri Lankan leadership, as also with the Foreign Ministry, were essentially focussed on trying to ensure that the upcoming visit of President of Sri Lanka is actually a point of positive transformation in the relationship,” Mr. Kwatra told local media.

He called Mr. Wickremesinghe a “very strong supporter” of the relationship and said India aimed to make his visit a “huge success”.

In a statement issued on Tuesday, the Presidential Media Division said Mr. Wickremesinghe briefed the Indian Foreign Secretary on the government’s economic reform programme.

“He also acknowledged India’s continuous support as a neighbouring ally during the recent economic crisis,” it said.

The Sri Lankan President’s visit to India later this month assumes significance against the backdrop of India extending nearly $4 billion dollars to the island nation at the peak of its economic crisis last year.

India was also Sri Lanka’s first bilateral creditor to offer written financing assurances to Sri Lanka, ahead of a crucial $3 billion package from the International Monetary Fund (IMF).

Sri Lanka is currently negotiating a debt treatment plan with its external creditors, including India, China and Japan. Further, Sri Lankan authorities have underscored the importance of Indian tourists and investment for the country’s economic recovery.

Announcements regarding a long-discussed project to connect the island’s energy grid with India’s, and other joint initiatives in sectors including energy and dairy are expected around the visit, according to official sources in Colombo.

On Monday, Sri Lanka’s Cabinet cleared a proposal for the two governments to sign a joint declaration of intent to achieve better quality of dairy production and self-sufficiency in the sector in Sri Lanka.

(Source: The Hindu – By Meera Srinivasan)

The post India seeks ‘positive transformation’ in bilateral ties during Sri Lanka President’s upcoming visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

You may also like

- adaderana.lk

A brazen intruder was captured walking across a jet bridge and onto a busy tarmac before he tried to board a nearby plane at an Australian airport.

- adaderana.lk

The Secretary to the Ministry of Finance Mahinda Siriwardene has been granted a service extension of one year.

- adaderana.lk

Steps are being taken to increase the interest rate of the Employees Provident Fund (EPF) from the existing 9% to 13% with effect from 2023, State Minister of Finance Ranjith Siyambalapitiya said.

- adaderana.lk

Pro-Palestinian protesters were arrested on a handful of U.S. university campuses on Saturday, as activists vowed to keep up the movement seeking a ceasefire in Israel s war with Hamas among other demands.

- adaderana.lk

The Department of Meteorology says that the Intertropical Convergence Zone, where winds from the Northern Hemisphere and Southern Hemisphere converge, is affecting the island s weather conditions.

- island.lk

Zimbabwe and Sri Lanka registered comfortable wins in matches seven and eight of the ICC Women’s T20 World Cup Qualifier in Abu Dhabi under the Tolerance Oval and Zayed Cricket Stadium lights on Saturday. Zimbabwe bounced back from a disappointing loss to Vanuatu on Thursday by registering a comfortable, eight-wicket win over the United Arab […]

Resources for Sri Lankan Charities:View All

How important are accountability and transparency for a charity to receive international donations
How important are accountability and transparency for a charity to receive international donations

Sri Lankan Events:View All

Sep 02 - 03 2023 12:00 am - 1:00 am Sri Lankan Events - Canada
Sep 09 2023 7:00 pm Sri Lankan Events - Australia
Sep 16 2023 6:00 pm - 11:30 pm Sri Lankan Events - USA
Oct 14 2023 8:00 am Sri Lankan Events - UK

Entertainment:View All

Technology:View All

Local News

Local News

Sri Lanka News

@2023 - All Right Reserved. Designed and Developed by Rev-Creations, Inc