Indian Prime Minister Narendra Modi has assured his full support to Sri Lankan aspirations of becoming economic, trade, social and finance hub in the Indian Ocean.
During bilateral talks between Indian Premier Narendra Modi and Prime Minister Ranil Wickremesinghe in Hydrabad yesterday, Modi has pledged his full support to the endeavours of Wickremesinghe-Sirisena Government to empower Sri Lanka. Premier Wickremesinghe requested Indian support to set up higher education institutions and universities on management, IT and Engineering. Sri Lanka and India yesterday signed a MOU to achieve mutual and equal benefits to both countries through joint business ventures, economic investments and development cooperation.
Indian Foreign Minister Sushma Swaraj and Development Strategies and International Trade Minister Malik Samarawickrema inked the MoU. Liquefied natural gas production, setting up of solar power plants, road development, modernisation of Railway Services, Agriculture and poultry farming, water management, and development of Trincomalee city and port and other economic zones have been given primary focus in the MoU.
Japan, India and Sri Lanka will work together for some of these tasks.
The Sri Lankan Government has stated that a final decision with regard to each of these moves would be reached after wide consultation with all relevant parties.