Amidst Lanka crisis, give Colombo a helping hand
2 years, 9 months ago

Amidst Lanka crisis, give Colombo a helping hand

Deccan Chronicle  

Its economy in shambles, Sri Lanka is in dire straits. It would be in India’s geostrategic interests to get Sri Lanka on its side by lending a generous helping hand in this time of acute crisis. The time to negotiate past them has come, towards which India may have to convince Sri Lanka that it is not for any blanket ban on Chinese investments. In the light of the Hambantotta port experience in which there may have been a virtual surrender of sovereignty, Sri Lanka must be well aware of the hazards of accepting Chinese help. Sri Lanka must also clear any residual doubts about its consent to projects in its northeast to China that may affect strategic interests in free flow of maritime traffic and possible eavesdropping from posts close to the Indian mainland.

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History of this topic

DC Edit | 2024: Watershed year for Indian diplomacy
4 days ago

DC Edit | 2024: Watershed year for Indian diplomacy

Deccan Chronicle  

The mandarins of the external affairs ministry can pat themselves on the back for a successful year of dialogue and diplomacy with various countries and at international forums. As if to indicate where the diplomatic push came from, President Xi Jinping had shepherded Prime Minister Narendra Modi to a photo opportunity after their meeting in Kazan, Russia on October 23 …

DC Edit | India, Sri Lanka head to a win-win relationship
6 days ago

DC Edit | India, Sri Lanka head to a win-win relationship

Deccan Chronicle  

All the signs are pointing to the possibility of a major win for India’s foreign policy as the meeting between Sri Lankan President Anura Kumara Dissanayake and Prime Minister Narendra Modi went off swimmingly. The swivel away from China and a new direction in restoring old civilisational ties with India may have come not only because of the leadership change …

How Dissanayake’s Delhi visit is a show of India's diplomatic deftness
Trending News
6 days, 12 hours ago

How Dissanayake’s Delhi visit is a show of India's diplomatic deftness

Firstpost  

This visit has demonstrated that even in challenging times, with careful planning and mutual respect, diplomacy can achieve remarkable outcomes Sri Lankan President Anura Kumar Dissanayake’s recent visit to India has been widely regarded as a landmark in fostering stronger bilateral relations between the two neighbours. Tradition Meets Pragmatism One of the noteworthy aspects of the visit was President Dissanayake’s …

India unveils measures to help Lankan economy recover
1 week ago

India unveils measures to help Lankan economy recover

Hindustan Times  

New Delhi New Delhi: President Droupadi Murmu with Sri Lankan President Anura Kumara Dissanayake during a banquet hosted by her in his honour at Rashtrapati Bhavan, in New Delhi, Monday. India on Monday unveiled a slew of measures to boost development and physical and energy connectivity with Sri Lanka, with Prime Minister Narendra Modi assuring President Anura Kumara Dissanayake of …

India, Sri Lanka decide to ramp up defence, energy, trade ties
1 week ago

India, Sri Lanka decide to ramp up defence, energy, trade ties

The Hindu  

India and Sri Lanka Monday adopted a futuristic vision to expand their partnership, resolved to soon conclude a defence cooperation pact and decided to ramp up energy ties by establishing electricity grid connectivity and multi-product petroleum pipelines. Prime Minister Modi said both sides decided to emphasise investment-led growth and connectivity for the India-Sri Lanka economic partnership, and it was decided …

Sri Lanka's President plans to visit China after his first overseas trip to India: Official
3 weeks, 6 days ago

Sri Lanka's President plans to visit China after his first overseas trip to India: Official

India TV News  

Colombo: Sri Lankan President Anura Kumara Dissanayake plans to visit China following his proposed official trip to India, Cabinet spokesman Nalinda Jayathissa said on Tuesday. On behalf of Prime Minister Narendra Modi, Minister Jaishankar had extended an invitation to President Dissanayake to undertake a visit to India at a mutually convenient date, according to a local media report. The Chinese …

India’s foreign minister becomes the first such dignitary to visit Sri Lanka since the election
2 months, 2 weeks ago

India’s foreign minister becomes the first such dignitary to visit Sri Lanka since the election

Associated Press  

COLOMBO, Sri Lanka — India’s Foreign Minister S. Jaishankar met Sri Lanka’s newly elected President Anura Kumara Dissanayake Friday in the first such visit of a dignitary since a new government took office in the island nation last month, amid questions over how Dissanayake would balance between regional powers China and India. At the same time, China’s support to restructure …

A new chapter in India-Sri Lanka relations
2 months, 4 weeks ago

A new chapter in India-Sri Lanka relations

Hindustan Times  

The Anura Kumara Dissanayake’s victory and ascension to the presidency marks a significant shift in Sri Lanka’s political landscape, with effects on its relations with India. Prime Minister Narendra Modi extended his congratulations to President Dissanayake on his electoral victory, highlighting Sri Lanka's vital role in India's Neighbourhood First policy and the Security and Growth for All in the Region …

A new chapter in India-Sri Lanka relations
2 months, 4 weeks ago

A new chapter in India-Sri Lanka relations

Hindustan Times  

The Anura Kumara Dissanayake’s victory and ascension to the presidency marks a significant shift in Sri Lanka’s political landscape, with effects on its relations with India. PM Modi’s immediate outreach indicates India’s desire to build on the $4 billion assistance package it provided during Sri Lanka's economic crisis, deepening collaboration in areas like infrastructure, energy, and trade​. Dissanayake’s approach to …

‘Don’t want to be sandwiched, especially between China and India’: Sri Lankan new President Anura Kumara Dissanayake
2 months, 4 weeks ago

‘Don’t want to be sandwiched, especially between China and India’: Sri Lankan new President Anura Kumara Dissanayake

Hindustan Times  

Sri Lanka’s new President Anura Kumara Dissanayake said the country doesn't want to be sandwiched, especially between China and India, signaling a bold stance on his foreign policy. Sri Lankan new President Anura Kumara Dissanayake waves to supporters during a public rally in Dehiowita. As Sri Lanka navigates its place in an increasingly multipolar world, Anura Kumara Dissanayake, in his …

India-Sri Lanka road link to further strengthen trade ties, says expert
3 months, 3 weeks ago

India-Sri Lanka road link to further strengthen trade ties, says expert

The Hindu  

Establishing a road link between India and Sri Lanka will go a long way in further strengthening the trade ties between the two nations, said K. Amirthalingam, senior professor of Economics at University of Colombo, Sri Lanka. Speaking at the national conference on ‘International Economic Relations: The Sustainable Development Challenges’ organised jointly by Sri Padmavati Mahila Viswa Vidyalayam Department of …

Sri Lanka to lift ban on foreign research vessels next year
5 months, 2 weeks ago

Sri Lanka to lift ban on foreign research vessels next year

The Hindu  

Sri Lanka will resume permitting calls from foreign research vessels at its ports from next year, as the government “cannot only block China”. In January 2024, Sri Lanka banned the visit of foreign research vessels after India and the United States voiced concern over the visit of at least two Chinese research vessels, Shi Yan 6 and Yuan Wang 5, …

Sri Lanka inks pacts with OCC, China to restructure debt
5 months, 3 weeks ago

Sri Lanka inks pacts with OCC, China to restructure debt

Hindustan Times  

New Delhi: Sri Lanka on Wednesday signed separate debt restructuring agreements with the Official Creditors Committee, a group co-chaired by India, and China’s Exim Bank, with New Delhi saying it will continue supporting Colombo’s economic recovery through long-term investments. The Official Creditors Committee is co-chaired by India After the International Monetary Fund’s approval of an extended fund facility for Sri …

India, Sri Lanka launch Maritime Rescue Coordination Centre, deepen ties
6 months ago

India, Sri Lanka launch Maritime Rescue Coordination Centre, deepen ties

Hindustan Times  

New Delhi: India and Sri Lanka on Thursday launched a Maritime Rescue Coordination Centre, reflecting the deepening maritime security cooperation between the two sides, as external affairs minister S Jaishankar met the top leadership in Colombo to bolster ties in a range of areas. EAM S Jaishankar with Sri Lanka President Ranil Wickremesinghe Jaishankar was on his first foreign visit …

China, Sri Lanka forging stronger bonds
8 months, 2 weeks ago

China, Sri Lanka forging stronger bonds

China Daily  

Premier Li Qiang meets with Sri Lankan Prime Minister Dinesh Gunawardena on March 26 at the Great Hall of the People in Beijing. More recently, Sri Lanka's Prime Minister Dinesh Gunawardena, paid a six-day visit to China, from March 25-30. Gunawardena highlighted the opportunities available for investment in Sri Lanka, including in the Colombo Port City and Hambantota Industrial Zone, …

India and Maldives will sort out issues bilaterally, Wickremesinghe says, and hopes it will be soon
10 months, 1 week ago

India and Maldives will sort out issues bilaterally, Wickremesinghe says, and hopes it will be soon

The Hindu  

India and Maldives would resolve the issues between them “bilaterally” said Sri Lankan President Ranil Wickremesinghe, emphasising that while Maldives has allowed a Chinese ‘research’ vessel into the Male harbour, no Chinese troops had been allowed in. Speaking to The Hindu on the sidelines of the Indian Ocean Conference, Mr. Wickremesinghe also confirmed Sri Lanka’s decision to join the 15-nation …

Shame on India for its coercion of Sri Lanka: China Daily editorial
10 months, 2 weeks ago

Shame on India for its coercion of Sri Lanka: China Daily editorial

China Daily  

Some Indian media outlets seemed irrepressible when they reported "India beats China in diplomatic duel" earlier this week, referring to an Indian Navy submarine visiting Colombo, capital of Sri Lanka, on the weekend, shortly after the island country suspended its reception of Chinese research ships under New Delhi's pressure. To begin with, New Delhi has been smearing China's marine research …

Pulling Sri Lanka out of the abyss
10 months, 3 weeks ago

Pulling Sri Lanka out of the abyss

The Hindu  

On January 9, 2024, the United National Party proposed incumbent Ranil Wickremesinghe as the national presidential candidate for the elections. The first review by the IMF Board in December 2023 rated Sri Lanka’s performance as “satisfactory” meaning total IMF disbursement will be $670 million. A joint venture project between India’s Adani Group and Sri Lanka’s John Keells Holdings seeks to …

Sri Lanka will get the second tranche of a much-need bailout package from the IMF
1 year ago

Sri Lanka will get the second tranche of a much-need bailout package from the IMF

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Sri Lanka needs a national liberation movement, not mere regime change: Anura Kumara Dissanayake
1 year ago

Sri Lanka needs a national liberation movement, not mere regime change: Anura Kumara Dissanayake

The Hindu  

As Sri Lanka tries to rebuild its battered economy after last year’s devastating crisis, the country’s political scene is gradually heating up, in the run up to two national elections scheduled next year — parliamentary and presidential — that will give citizens their first chance to vote, after they dislodged the Rajapaksas from power in 2022. We have developed an …

China keen on extending China-Myanmar Economic Corridor to Sri Lanka
1 year, 1 month ago

China keen on extending China-Myanmar Economic Corridor to Sri Lanka

The Hindu  

China is “prioritising” the extension of the China-Myanmar Economic Corridor to Sri Lanka, the country’s Special Envoy told President Ranil Wickremesinghe on Monday, in an indication that China is looking to scale up the Belt and Road Initiative project in South Asia. Paying a courtesy call on the Sri Lankan President, Special envoy of the Chinese President, state councillor Shen …

India-Sri Lanka Business Summit: Sitharaman stresses on bilateral arrangements in regional currencies
1 year, 1 month ago

India-Sri Lanka Business Summit: Sitharaman stresses on bilateral arrangements in regional currencies

Live Mint  

Emphasising on the importance of bilateral agreements between the countries, Indian finance minister Nirmala Sitharaman on Thursday said that the global multilateral treaties are now receding. Speaking at the India-Sri Lanka Business Summit in Colombo, Sitharaman said: “Global multilateral treaties are now receding. In her speech, Sitharaman stressed on the importance of bilateral pacts between the countries and said that …

Why Sri Lanka allowed a Chinese vessel to dock at Colombo port despite Indian objections
1 year, 1 month ago

Why Sri Lanka allowed a Chinese vessel to dock at Colombo port despite Indian objections

India Today  

On Wednesday, October 25, despite India’s concerns, Sri Lanka allowed Chinese research vessel Shi Yan 6 to dock at Colombo port. Sri Lankan authorities allowed the Chinese ship to dock, despite Sri Lanka president Ranil Wickremesinghe's assurances to prime minister Narendra Modi during his visit in July that the island nation would take care of India's security and strategic concerns. …

Sri Lanka allows a Chinese research ship to dock as neighboring India’s security concerns grow
1 year, 1 month ago

Sri Lanka allows a Chinese research ship to dock as neighboring India’s security concerns grow

Associated Press  

COLOMBO, Sri Lanka — A Chinese research ship docked at a Sri Lankan port on Wednesday, likely adding to neighboring India’s concerns about China’s growing influence in the Indian Ocean. China has been trying to expand its influence in Sri Lanka, which is located on one of the world’s busiest shipping routes in what India considers part of its strategic …

No ‘political strings attached’ to China’s support for Sri Lanka: Xi tells Ranil
1 year, 2 months ago

No ‘political strings attached’ to China’s support for Sri Lanka: Xi tells Ranil

The Hindu  

China will continue to assist Sri Lanka without any “political strings attached” and help the country cope with difficulties, President Xi Jinping told his Sri Lankan counterpart Ranil Wickremesinghe on Friday, according to an official statement, even as Colombo attempts to finalise a debt treatment plan with its creditors, including the Asian giant. Noting that Sri Lanka was among the …

At Indian Ocean conference in Colombo, Jaishankar raises dangers of unviable debt, projects
1 year, 2 months ago

At Indian Ocean conference in Colombo, Jaishankar raises dangers of unviable debt, projects

The Hindu  

India wants to be a “friend to the world”, the voice of the global south, and will work to ensure a free, open and inclusive Indian Ocean region, said External Affairs Minister S. Jaishankar, speaking at the annual meeting of the 23-member Indian Ocean Rim Association being held in Colombo, where he also raised the “dangers” of unsustainable debt. After …

US expresses concern to Sri Lanka over China's research ship visit: Report
1 year, 2 months ago

US expresses concern to Sri Lanka over China's research ship visit: Report

India Today  

The US has expressed concern to Sri Lanka about the likely visit of a Chinese research ship next month that could also cause worries in India, which in the past has raised security concerns over docking by China's spy vessels, according to a media report. US Under Secretary Victoria Nuland, who met Sri Lankan Foreign Minister Ali Sabry in New …

AidData Report Warns of a Chinese Naval Base in Sri Lanka’s Hambantota Port
1 year, 2 months ago

AidData Report Warns of a Chinese Naval Base in Sri Lanka’s Hambantota Port

The Diplomat  

A recent report by AidData, a research lab at the College of William and Mary in Williamsburg, Virginia, claimed that China might establish a naval base in Sri Lanka’s Hambantota Port in the next two to five years. The AidData report, titled “Harboring Global Ambitions: China’s Ports Footprint and Implications for Future Overseas Naval Bases,” identified eight locations where China …

Confusion over Sri Lanka granting permission to Chinese survey vessel in October
1 year, 3 months ago

Confusion over Sri Lanka granting permission to Chinese survey vessel in October

Hindustan Times  

Confusion prevails in Sri Lanka over granting permission to Chinese Research vessel Shi Yan 6 to conduct ocean survey off the island nation in October after New Delhi raised its serious concerns with the Ranil Wickremesinghe government. India has officially raised concerns to Sri Lanka for allowing a free run to Chinese survey, surveillance and ballistic missile trackers ships at …

Sri Lanka ‘processing’ China's request for research ship docking that may raise security concerns in India
1 year, 4 months ago

Sri Lanka ‘processing’ China's request for research ship docking that may raise security concerns in India

The Hindu  

Sri Lanka is currently processing a request by China to allow a research ship to dock in the country, a foreign ministry spokesperson said on August 23, a year after a visit by a Chinese spy vessel to the Island nation raised security concerns in India. The Chinese research vessel 'SHI YAN 6' is expected to arrive in Sri Lanka …

China research ship requests Sri Lanka port call
1 year, 4 months ago

China research ship requests Sri Lanka port call

The Hindu  

China has requested permission for a research ship to dock in Sri Lanka, Colombo said on August 22, following a visit by a spacecraft-tracking vessel last year that sparked security concerns from India. Last year, India raised concerns over a Sri Lanka port call in Hambantota by Chinese research vessel Yuan Wang 5, which specialises in spacecraft tracking and which …

How China's absence in Sri Lanka's economic meltdown creates strategic opening for India
1 year, 4 months ago

How China's absence in Sri Lanka's economic meltdown creates strategic opening for India

Firstpost  

China, not quite an iron brother of Sri Lanka’s like Pakistan, surprisingly stayed in the wings during Colombo’s economic meltdown last year, creating strategic space for New Delhi. During Sri Lanka’s first sovereign default in April 2022, approaching IMF for bailout of $3 billion and the rescue efforts including debt treatment China preferred to stay out allowing India to take …

Sri Lanka on path of economic recovery: FM Shehan Semasinghe
1 year, 4 months ago

Sri Lanka on path of economic recovery: FM Shehan Semasinghe

The Hindu  

Shehan Semasinghe, State Minister of Finance Sri Lanka, said the island nation is on a recovery path after the worst economic crisis it faced in 2022, and there are opportunities for investors to take part in its growth story. The Sri Lanka government has embarked on a slew of reforms to tide over the crisis in the last 15 months, …

Sri Lankan envoy bats for land connectivity
1 year, 4 months ago

Sri Lankan envoy bats for land connectivity

The Hindu  

Land connectivity is essential for the growth of ties between India and its neighbouring island, said the Sri Lankan envoy here, pitching for connectivity projects resembling the “Channel tunnel” from the U.K. to Europe as a possible future initiative if environmental concerns are cleared. Speaking about Sri Lankan President Ranil Wickremesinghe’s visit to India in July, where the two countries …

Modi Has Asked Wickremesinghe To Act On Tamil Issue, Eyeing 2024. But, It's Easier Said Than Done
1 year, 4 months ago

Modi Has Asked Wickremesinghe To Act On Tamil Issue, Eyeing 2024. But, It's Easier Said Than Done

ABP News  

Sri Lankan President Ranil Wickremesinghe’s visit to India last week was although high on connectivity, trade and investment plans between both countries, it did little to resolve the decades-long controversy that continues to strain the relationship — and that is the issue of Tamil reconciliation that continues to stir up the bloody past of the civil war in Sri Lanka …

Still incomplete: on India-Sri Lanka ties and their vision
1 year, 4 months ago

Still incomplete: on India-Sri Lanka ties and their vision

The Hindu  

With a joint statement on economic cooperation, India and Sri Lanka outlined a forward-looking vision for their relations. The statement, entitled “Promoting Connectivity, Catalysing Prosperity: India-Sri Lanka Economic Partnership Vision”, released after talks between Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe in Delhi last week, lays out the vision in five areas: maritime, air, energy, trade and …

How India has revamped its approach to engage with Sri Lanka amid China's growing presence in the Indo-Pacific Region
1 year, 4 months ago

How India has revamped its approach to engage with Sri Lanka amid China's growing presence in the Indo-Pacific Region

Firstpost  

India’s accelerated overtures to Sri Lanka in the past few years are emblematic of its engagements in the wider Indo-Pacific Region Sri Lankan President Ranil Wickremesinghe’s visit to India on 20-21 July came at a time when the ties between the two neighbours have been in flux for the past few years. India’s strategic engagements with Sri Lanka gained traction …

DC Edit | Delhi's ties with Colombo see promising new turn
1 year, 5 months ago

DC Edit | Delhi's ties with Colombo see promising new turn

Deccan Chronicle  

It was more than symbolic that Sri Lanka should propose a land bridge to connect with India. Having suffered at the hands of the debt trap diplomacy of China and in the aftermath of the serious economic strife that gripped the island last year when the Rajapaksas were forced to unceremoniously exit from power, Sri Lanka may now be looking …

Sri Lankan Speaker Abeywardena thanks India for help during financial crisis, says 'you saved us'
1 year, 5 months ago

Sri Lankan Speaker Abeywardena thanks India for help during financial crisis, says 'you saved us'

The Hindu  

Describing New Delhi as a "close associate" and a "trustworthy friend" of Colombo, Sri Lanka's Parliament Speaker Mahinda Yapa Abeywardena on Friday thanked India for the financial assistance it extended to the island nation when it reeled under an unprecedented economic crisis last year. In his address at the gala dinner reception hosted for delegates of the Indian Travel Congress …

India Continues To Help Sri Lanka Stand Economically, But Colombo’s Love For Beijing Keeps Soaring
1 year, 5 months ago

India Continues To Help Sri Lanka Stand Economically, But Colombo’s Love For Beijing Keeps Soaring

ABP News  

The day was July 9, 2022 when the world witnessed unprecedented developments taking place in Indian Ocean island nation of Sri Lanka even as a large number of protestors stormed the President’s palace in Colombo that eventually led to an unceremonious escape of then President Gotabaya Rajapaksa to Maldives and then to Singapore. During a two-day visit to China, Sri …

India Extends $1 Billion Credit Line To Sri Lanka For Another Year Amid Economic Crisis
1 year, 6 months ago

India Extends $1 Billion Credit Line To Sri Lanka For Another Year Amid Economic Crisis

ABP News  

In a move to assist Sri Lanka in overcoming its severe economic crisis, India has extended its under-utilized USD 1 billion credit line for an additional year. The agreement between the State Bank of India and the Sri Lankan government was initially signed in March of last year, during the height of the country's economic turmoil. The Indian High Commission …

Sri Lanka Burning: Mess of its Own Making or China's Years-long Plan Coming to Fruition?
1 year, 7 months ago

Sri Lanka Burning: Mess of its Own Making or China's Years-long Plan Coming to Fruition?

News 18  

Sri Lanka is going through a severe economic crisis, the likes of which only a few countries in the world have witnessed. The Hambantota International Port project was a politically motivated infrastructure project, which started in the home district of the Rajapaksa family that led Sri Lanka’s government from 2005-2014 and from 2019-2022. Debt restructuring and China’s role The only …

Sri Lankan envoy Moragoda stresses importance of economic integration with India
1 year, 8 months ago

Sri Lankan envoy Moragoda stresses importance of economic integration with India

Hindustan Times  

NEW DELHI: Sri Lankan high commissioner Milinda Moragoda stressed the importance of economic integration between Sri Lanka and India while addressing the Economic Advisory Council to the Prime Minister on Wednesday. Sri Lankan high commissioner Milinda Moragoda addressed the Economic Advisory Council to the Prime Minister of India at the invitation of its chairman, Bibek Debroy. Moragoda stressed the importance …

Crisis-hit Sri Lanka to see economic contraction in 2023: Report
1 year, 8 months ago

Crisis-hit Sri Lanka to see economic contraction in 2023: Report

Live Mint  

Crisis-hit Sri Lanka is estimated to see a contraction in its economic growth this year, according to Asian Development Bank data. The Washington-based financial body has recently approved a 48-month arrangement under the Extended Fund Facility of about USD 3 billion to support Sri Lanka's economic policies and reforms. The needed reforms, according to the development bank's Asian Development Outlook …

The Geopolitics of Sri Lanka’s Energy Crisis
1 year, 9 months ago

The Geopolitics of Sri Lanka’s Energy Crisis

The Diplomat  

Two top foreign officials visited Sri Lanka within a fortnight spanning late January and early February. Ambassador Julie Chung described it as “the largest bilateral military engagement between the U.S. and Sri Lanka and one that we in the United States consider critical to the security of the Indian Ocean Region.” India in Sri Lanka’s Energy Industry Nuland was in …

Won’t allow anything harmful for India’s security: Sri Lankan foreign minister
1 year, 9 months ago

Won’t allow anything harmful for India’s security: Sri Lankan foreign minister

Hindustan Times  

Sri Lanka won’t allow any country to make the island nation a hub for anything that is harmful to India’s national security interests, Sri Lankan foreign minister MUM Ali Sabry said against the backdrop of bilateral ties taking a hit after a Chinese surveillance vessel visited Hambantota port last year. The Sri Lankan high commissioner has often talked about India’s …

China confirms offer to Sri Lanka of debt moratorium
1 year, 10 months ago

China confirms offer to Sri Lanka of debt moratorium

Associated Press  

BEIJING — China’s government on Friday confirmed it is offering Sri Lanka a two-year moratorium on loan repayments as the Indian Ocean island nation struggles to restructure $51 billion in foreign debt that pushed it into a financial crisis. China lent to Sri Lanka as part of Beijing’s multibillion-dollar Belt and Road Initiative to increase trade by building ports and …

India’s timely help ensured Sri Lanka’s economic survival during crisis: Sri Lankan envoy Moragoda
1 year, 10 months ago

India’s timely help ensured Sri Lanka’s economic survival during crisis: Sri Lankan envoy Moragoda

The Hindu  

India’s support to Sri Lanka during its economic crisis, that External Affairs Minister S. Jaishankar underlined during his visit to Colombo last week has opened a new chapter in ties between the neighbours, says Sri Lankan High Commissioner to India Milinda Moragoda. I think it needs to be re-emphasised that Sri Lanka’s economic survival today is due to the support …

'No exaggeration to say that due to India's enormous support, Sri Lanka was able to regain financial stability'
1 year, 11 months ago

'No exaggeration to say that due to India's enormous support, Sri Lanka was able to regain financial stability'

Firstpost  

Colombo: Sri Lankan Foreign Minister Ali Sabry on Friday thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country’s debt after External Affairs Minister S Jaishankar conveyed India’s commitment to increase investment flows to hasten the debt-ridden island nation’s economic recovery. It is no …

India to ‘encourage greater investments’ in crisis-hit Sri Lanka
1 year, 11 months ago

India to ‘encourage greater investments’ in crisis-hit Sri Lanka

Al Jazeera  

Sri Lanka’s worst-ever economic crisis is seeing a shortage of foreign currency, runaway inflation and a steep recession. “India will encourage greater investments in the Sri Lankan economy, especially in core areas like energy, tourism and infrastructure,” India’s Foreign Minister Subrahmanyam Jaishankar told reporters in Colombo on Friday. “We count on the government of Sri Lanka to provide a more …

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