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India-Sri Lanka Joint Statement: Fostering Partnerships for a Shared Future

Business Today Sri Lanka

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January 2025

Prime Minister of India, Narendra Modi, and President of Sri Lanka, Anura Kumara Dissanayake, held comprehensive discussions during the latter's State Visit to New Delhi. The talks reaffirmed the deep-rooted cultural, geographical, and people-to-people ties that form the foundation of the bilateral partnership.

India-Sri Lanka Joint Statement: Fostering Partnerships for a Shared Future

Reaffirming Partnership and Support

President Dissanayake expressed gratitude for India's steadfast support during Sri Lanka's economic crisis in 2022. He acknowledged India's pivotal role in stabilizing Sri Lanka's economy and highlighted the importance of India's continued assistance. Prime Minister Modi reiterated India's commitment to Sri Lanka's economic recovery, aligning with its 'Neighborhood First' policy and SAGAR vision.

Strengthening Political Engagement

The leaders agreed to intensify political exchanges at the leadership and ministerial levels. Regular parliamentary interactions were emphasized as a means to foster democratic values and share institutional best practices.

Advancing Development Cooperation

India's development assistance to Sri Lanka was acknowledged as a key driver of socio-economic growth. The leaders emphasized the importance of completing ongoing projects, such as the Indian Housing Project, Hybrid Renewable Energy Projects, and community development initiatives. Support for Tamil communities, the Eastern Province, and solar electrification of religious sites was also highlighted. They agreed to identify new collaborative projects that align with Sri Lanka's developmental priorities.

Building Capacity and Skills

Recognizing the importance of capacity building, India pledged to provide training for 1,500 Sri Lankan civil servants over the next five years. Both sides agreed to explore additional training programs for Sri Lankan officials in the defense, legal, and civil sectors.

imageDebt Restructuring and Economic Stability

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