External Affairs Minister S Jaishankar announced on Friday that India will support increased investment in Sri Lanka’s economy, particularly in the energy, tourism, and infrastructure sectors. Jaishankar made this statement following a meeting with Sri Lanka’s political leadership. He arrived in Colombo on Thursday evening.
Jaishankar stated in a news release, “My principal objective in visiting Colombo is to show India’s sympathy with Sri Lanka during these tough times.” “We’ve had a really productive discussion that follows up on my Thursday evening meetings with my counterpart and other Sri Lankan ministers,” he said. Friday morning, Jaishankar met with President Ranil Wickremesinghe.
India has offered approximately $4 billion in credits and rollovers to Sri Lanka to help it weather an economic crisis. “For us, it was a matter of putting the community first and not abandoning a partner,” Jaishankar explained.
He stated that India felt firmly that Sri Lanka’s creditors must take proactive measures to support the country’s recovery. “India resolved not to wait for others but to act in accordance with our beliefs. We provided the IMF with finance guarantees to allow Sri Lanka to move forward. We anticipate that this will not only bolster Sri Lanka’s position but also ensure that all bilateral creditors are treated equitably,” he added.
Sri Lanka is on the route to a robust economic recovery fueled by increased investment. Here as well. I will deliver a clear message to the business community, as Jaishankar stated.
“India will support increased investment in Sri Lanka’s economy, particularly in key sectors such as energy, tourism, and infrastructure. We expect the government of Sri Lanka to develop a more business-friendly climate in order to generate a strong pull factor.