Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

India, Sri Lanka unveil roadmap for deeper economic partnership

PTI
Updated: July 21st, 2023, 13:55 IST
in Business, Home News, National
0
India Sri Lanka
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: India and Sri Lanka 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.

Also Read

BSE, NSE, Sensex, Nifty, Stock market

Equity benchmarks rise ahead of key RBI monetary policy announcement

1 hour ago
Pinaki Mishra or Mahua Moitra

Pinaki Mishra or Mahua Moitra: Who’s wealthier?

1 hour ago

An agreement between NPCI International Payments Limited (NIPL) and Lanka Pay for acceptance of the UPI application in Sri Lanka and an MoU for cooperation in the field of renewable energy were among five key pacts signed between the two sides.

In his media statement, Modi said the security interests and development of India and Sri Lanka are “intertwined” and that it is necessary to work together keeping in mind each other’s security interests and sensitivities, in remarks that came against the backdrop of concerns in New Delhi over China’s attempts to expand influence over Colombo.

The prime minister said the issues relating to the livelihood of fishermen figured in the talks and it was agreed that it should be dealt with a humane approach.

The two sides also decided to start passenger ferry services between Nagapattinam in Tamil Nadu and Kankesanturai in Sri Lanka.

Modi also announced that various projects worth Rs 75 crore will be implemented for the Indian-origin Tamil citizens of Sri Lanka and that New Delhi will also contribute to the development programmes in the northern and eastern region of that country.

Referring to the economic crisis faced by Colombo, Modi said the people of India are with the people of the island nation in their hour of struggle and noted that a stable, secure and prosperous Sri Lanka is not only in the interest of India, but also in the interest of the entire Indian Ocean Region.

“We also talked about reconstruction and reconciliation in Sri Lanka. President Wickremesinghe told me about his inclusive approach. We hope that the government of Sri Lanka will fulfill the aspirations of the Tamils and advance the process of reconstruction for equality, justice and peace,” he said.

Modi hoped that Colombo will fulfill its commitment to implement the 13th amendment and hold provincial council elections besides ensuring a “life of respect and dignity” for the Tamil community of Sri Lanka.

The Tamil community in Sri Lanka has been demanding the implementation of the 13th Amendment to the Constitution that provides for devolution of power to it. The 13th amendment was brought in after the Indo-Sri Lankan agreement of 1987.

On last year’s economic crisis in Sri Lanka, Modi said, “being a close friend, as always, we have stood shoulder-to-shoulder with the people of Sri Lanka in this hour of crisis.”

At a media briefing, Foreign Secretary Vinay Kwatra said challenges faced by both countries in the maritime domain were discussed and indicated that China’s increasing forays into the Indian Ocean was touched upon.

“We are neighbours. We have a long-standing and comprehensive relationship. It is natural to speak about concerns,” he said, replying to a question on Chinese presence in the Indian Ocean.

The vision document for economic partnership is aimed at strengthening maritime, air, energy and people-to-people connectivity besides accelerating mutual cooperation in areas of tourism, power, trade, higher education, and skill development.

Modi described the vision document as India’s long-term commitment to Sri Lanka.

“We have decided that talks on the economic and technological cooperation agreement will be started soon. This will open up new possibilities of trade and economic cooperation for both the countries,” Modi said.

The two sides also agreed to increase air connectivity between India and Sri Lanka.

“We have decided that the work of connecting the electricity grids between the two countries will be expedited. A feasibility study will be done for a petroleum pipeline between India and Sri Lanka,” Modi said.

“Apart from this, the feasibility of a land bridge will also be examined. Fintech connectivity will also increase with the agreement signed today to launch UPI in Sri Lanka,” he added.

Modi said this year holds special significance for the bilateral relations as both sides are celebrating the 75th anniversary of the ties.

“Also, the Indian-origin Tamil community is completing 200 years of its arrival in Sri Lanka. I am happy to say that on this occasion, various projects worth Rs 75 crore will be implemented for the Indian-origin Tamil citizens of Sri Lanka,” he said.

“Along with this, India will also contribute to the development programs in the northern and eastern region of Sri Lanka,” he said.

In his remarks, the Sri Lankan president said “We believe that India’s growth would be beneficial to neighbourhood and Indian Ocean Region.”

“I have also apprised with Prime Minister Modi of the extraordinary challenges that Sri Lanka had experienced in economic, social and political terms in the past year, and of the reform measures I have spearheaded on a number of fronts, in overcoming these challenges,” he said.

Wickremesinghe said he conveyed to Modi Sri Lanka’s “profound appreciation” for the solidarity and support rendered to the country by India in what was “undoubtedly the most challenging period in our recent history”.

His office said the President outlined his vision for economic recovery and sustainable growth in Sri Lanka.

It said he shared comprehensive proposals for reconciliation, power-sharing through devolution, and the Northern development plan, inviting all party leaders to work towards consensus and national unity.

“I also shared with him the comprehensive proposal I presented this week for furthering reconciliation, power sharing through devolution and the multiple elements of the Northern development plan,” the president said.

“I have invited all party leaders in Parliament to work towards consensus and national unity on these measures. Thereafter the government will place the relevant legislation before Parliament,” he added.

PTI

Tags: EconomyIndiaSri Lanka
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019

Archives

Editorial

Turning Right

Poland President
June 4, 2025

Poland’s Right-wing Opposition candidate Karol Nawrocki, backed by the nationalist Law and Justice Party (PiS) and US President Donald Trump’s...

Read more

Trumpeting Claims

Donald Trump
June 3, 2025

The borderline between truth and propaganda gets blurred during war. That is only natural since two warring groups or countries...

Read more

Reality Check

CDS General Anil Chauhan
June 2, 2025

Recent remarks by India’s two top military leaders, in the wake of the four-day military conflict with Pakistan, have underscored...

Read more

Gaza Genocide

June 1, 2025

On 9 February 2022, the government was asked in the Rajya Sabha the following question: “Will the Minister of Home...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST