Indo-Lanka leaders have renewed commitment to reinforce the robust partnership between the two nations, underpinned by shared cultural and historical ties, geographical proximity, and strong people-to-people relationships
The Prime Minister of India, Shri Narendra Modi, and the President of Sri Lanka, held extensive and productive discussions during President Dissanayake’s state visit to India.
The meeting further strengthened existing friendly relationsa forging comprehensive Partnership for Development and Security
Deepening Bilateral Cooperation
President Dissanayake expressed gratitude for India’s unwavering support during Sri Lanka’s 2022 economic crisis and highlighted his commitment to achieving sustained growth and prosperity for his nation. Prime Minister Modi reaffirmed India’s dedication to assisting Sri Lanka under its ‘Neighbourhood First’ policy and the SAGAR (Security and Growth for All in the Region) vision.
The leaders emphasized expanding the India-Sri Lanka partnership into a mutually beneficial comprehensive framework. They acknowledged the success of India’s development assistance in Sri Lanka, including key projects like the Indian Housing Project and hybrid renewable energy initiatives. Notable agreements include extending support to the Tamil community, the Eastern Province, and solar electrification of religious sites.
Economic Revival and Debt Restructuring
Acknowledging India’s pivotal role in Sri Lanka’s economic stabilization, President Dissanayake thanked Prime Minister Modi for emergency financing, debt restructuring facilitation, and grant assistance to reduce Sri Lanka’s debt burden. Both leaders agreed to prioritize investment-led partnerships to drive sustainable growth.
Trade ties were a key focus, with commitments to enhance trade through the India-Sri Lanka Free Trade Agreement (ISFTA) and explore an Economic and Technological Cooperation Agreement. The leaders also agreed to increase INR-LKR trade settlements and attract investments to boost Sri Lanka’s export potential.
Energy, Connectivity, and Technology
Recognizing energy security as a cornerstone for development, the leaders resolved to advance joint projects such as the Sampur solar power plant and offshore wind energy in the Palk Straits. They also agreed to develop Trincomalee as a regional energy hub and promote affordable energy solutions through initiatives like LNG supply and a multi-product pipeline.
Connectivity between the two nations will see enhancements with the recommencement of passenger ferry services and potential development of the Kankesanthurai Port. Digital transformation was another highlight, with Sri Lanka seeking India’s assistance in implementing unique digital identity systems, digital public infrastructure, and UPI-based financial systems to improve governance and service delivery.
Strategic and Defense Cooperation
The two leaders emphasized shared maritime security interests and committed to strengthening defense ties through joint exercises, intelligence sharing, and advanced maritime surveillance. India’s recent provision of a Dornier aircraft and assistance in counter-narcotics operations were appreciated by Sri Lanka.
Cultural, Tourism, and Regional Cooperation
India and Sri Lanka agreed to boost cultural and tourism exchanges by enhancing air connectivity, developing religious tourism infrastructure, and promoting academic partnerships. On the multilateral front, India pledged support for Sri Lanka’s chairmanship of IORA and its bid for BRICS membership.
A Vision for the Future
Both leaders underscored the importance of implementing these agreements to elevate bilateral ties to new heights. President Dissanayake invited Prime Minister Modi to visit Sri Lanka, reaffirming their shared commitment to regional stability, prosperity, and development.
This landmark meeting sets the stage for a stronger India-Sri Lanka partnership, benefiting the people of both nations and contributing to stability in the Indian Ocean Region.
