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India's Modi aims for stronger energy, defence ties on Sri Lanka visit
The Straits Times
|April 05, 2025
India is looking to strengthen energy and defence ties with Sri Lanka and promote investments during Prime Minister Narendra Modi's two-day state visit to the island nation, where New Delhi competes with China for greater influence.
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NEW DELHI -
Mr Modi, who was to arrive on April 4, will be the first global leader hosted by Sri Lankan President Anura Kumara Dissanayake after he took office in September.
Sri Lanka is keen to attract foreign investment to stabilise its economy after a financial crisis in 2022, during which India provided US$4 billion (S$5.3 billion) in financial assistance.
India is also one of Sri Lanka's key bilateral lenders, which agreed to restructure about US$1.36 billion in loans after the island nation defaulted on its debt in May 2022.
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