Try GOLD - Free

AKD-Modi pact: Tectonic shift, national interest negated, China double-crossed

Daily FT

|

April 03, 2025

WHO comprised the Sri Lankan team drafting the (reportedly imminent) Defence Pact with India? The Armed Forces chiefs? The Defence Ministry and its Secretary? None of the above? Were its content and text almost wholly imported?

AKD-Modi pact: Tectonic shift, national interest negated, China double-crossed

Shouldn't it be debated in parliament beforehand and bipartisan national consensus obtained? Wouldn't any civilized democracy submit it to a national Referendum?

Tectonic shift, existential shock

The story of a tectonic shift which will alter the destiny of the island of Sri Lanka utterly and negatively, broke in Delhi Leaks Press Trust of India (PTI) report based on a matter-of-fact announcement by a ranking Indian spokesperson. Quality mainstream newspapers followed-up.

The Economic Times story was captioned 'India, Sri Lanka set to ink major defence pact during Modi's trip to Colombo next week'. The Hindu synopsis cuts through to the crux.

Synopsis

India and Sri Lanka will sign a major defence pact during Prime Minister Narendra Modi's visit to Colombo, aimed at countering China's growing military influence. The trip will also include discussions on restructuring Sri Lanka's debt and enhancing bilateral connectivity and cooperation across various domains'.

(https://economictimes.indiatimes.com/news/defence/india-sri-lanka-to-major-defence-pact-during-modis-trip-to-colombo-next-week/articleshow/1196665707.cms?from=mdr)

They go on to reveal that:

'For the first time, India and Sri Lanka are set to sign a major defence cooperation pact during Prime Minister Narendra Modi's visit to the island next week, a move that comes amid China's relentless attempts to increase its military influence over Colombo.

...At a media briefing Friday, Foreign Secretary Vinram Misri said a MoU (Memorandum of Understanding on defence cooperation is expected to be inked and it is being signed for the first time.

...If signed, the Modi-defence cooperation is set to send a major upward trajectory in India-Sri Lanka defence leaving behind the bitter chapter relating to India pulling out from the flagship Peace Keeping Force (PKF) from the island nation around 35 years ago.

MORE STORIES FROM Daily FT

Daily FT

Daily FT

Nation branding ‘earned, not advertised’: Mudadeniya

SRI Lanka Tourism Advisory Committee Chairman Dileep Mudadeniya stressed that nation branding and destination marketing are fundamentally different, whilst urging the policymakers and industry stakeholders to clearly understand this distinction when shaping Sri Lanka’s long-term tourism strategy.

time to read

2 mins

December 11, 2025

Daily FT

Hela Apparel outlines Rs. 15.1 b debt restructuring terms

HELA Apparel Holdings PLC yesterday said it has reached agreements in principle with all lending banks on a debt restructuring proposal covering Rs. 15.1 billion in existing borrowings, while discussions continue with prospective strategic investors regarding a potential investment ranging from Rs. 3 billion to Rs. 4.4 billion.

time to read

1 mins

December 11, 2025

Daily FT

Daily FT

What it means to live with memory loss and dementia

IT is one of the most heartbreaking moments a child can face when a parent looks at them with confusion instead of recognition.

time to read

2 mins

December 11, 2025

Daily FT

Cargills Bank announces Rs. 2.5 b rights issue

CARGILLS Bank PLC has proposed a Rs. 2.5 billion rights issue to boost its capital position and support lending expansion.

time to read

1 min

December 11, 2025

Daily FT

Work in Sri Lanka to unite global talent and local industry leaders

To host networking summit on 17 December

time to read

2 mins

December 11, 2025

Daily FT

Daily FT

Hemas listed in Forbes' Top 200 Under A Billion in Asia for 2025

HEMAS Holdings PLC has been recognised among Forbes Asia’s 200 Best Under A Billion companies for 2025, ranking as one of the region’s top performing organisations.

time to read

1 min

December 11, 2025

Daily FT

Daily FT

Sampath Bank powers PickMe with cutting-edge payment tech

SAMPATH Bank PLC has partnered with Digital Mobility Solutions Lanka PLC, the legal entity behind PickMe, Sri Lanka’s leading technology platform facilitating mobility, delivery and experiences, to successfully integrate Visa's CyberSource internet Payment Gateway.

time to read

1 min

December 11, 2025

Daily FT

MIT and Microsoft to support data collection on damages caused by Cyclone Ditwah

Nations worldwide provide financial and material support to 'Rebuilding Sri Lanka'

time to read

1 min

December 11, 2025

Daily FT

Daily FT

Plantations veteran Sunil Poholiyadda joins Colombo Fort Land Board

THE Colombo Fort Land and Building PLC has appointed Sunil Poholiyadde to its Board as a Non-Executive Director.

time to read

1 min

December 11, 2025

Daily FT

ComBank named Sri Lanka's Best Trade Finance Bank at Euromoney Awards 2025

Honoured for outstanding support to Sri Lanka's trade sector

time to read

1 mins

December 11, 2025

Listen

Translate

Share

-
+

Change font size