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INDIA, SRI LANKA UNVEIL ROADMAP FOR CLOSER ECONOMIC TIES
The Business Guardian
|July 22, 2023
“We also talked about reconstruction and reconciliation in Sri Lanka. President Wickremesinghe told me about his inclusive approach.
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India and Sri Lanka on Friday adopted a vision document to significantly expand connectivity and economic ties even as Prime Minister Narendra Modi conveyed to the island nation’s President Ranil Wickremesinghe the need to ensure a life of dignity for the Tamil community in that country.
Following wide-ranging talks between Modi and Wickremesinghe, the two sides announced a raft of initiatives including expediting work to connect their electricity grids, begin talks on an economic and technology cooperation pact, a feasibility study for a petroleum pipeline and check viability of a land bridge to boost connectivity between the two neighbours. An agreement between NPCI International Payments Limited (NIPL) and Lanka Pay for acceptance of the UPI application in Sri Lanka and a MoU for cooperation in the field of renewable energy were among five key pacts signed between the two sides.
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