June 16th 2024.
On Sunday, Sri Lankan President Ranil Wickremesinghe shared exciting news about ongoing negotiations for the sale of surplus renewable energy to India. According to the President's Media Division, a feasibility study is currently being conducted to establish a power line connection between the two countries. These discussions are set to continue during the upcoming visit of the Indian Foreign Minister to Sri Lanka.
President Wickremesinghe also mentioned that a pre-feasibility study for a land connection between Sri Lanka and India has been completed and a full feasibility study is in the works. This is a promising development that could greatly benefit both nations.
Last week, the Lankan President traveled to New Delhi to attend the swearing-in ceremony of Prime Minister Narendra Modi. During his visit, President Wickremesinghe also had fruitful discussions with External Affairs Minister S Jaishankar. The Minister is expected to visit Colombo soon to oversee the progress of development projects initiated in Sri Lanka with Indian investments.
The discussions between the two leaders also touched upon India's "Neighborhood First" policy. Minister Jaishankar highlighted plans for an industrial zone in Trincomalee, which is set to be established by the Indian government. This zone is expected to attract a large number of Indian investors and potentially investors from other countries as well. The PMD had released a statement on June 10, providing more details about this exciting project.
This is a clear indication of the strong bond between India and Sri Lanka and the efforts being made to strengthen their relationship even further. With the potential for increased trade and investments, this could be a beneficial partnership for both countries. The progress being made in the renewable energy sector and the establishment of an industrial zone are just some of the ways in which India and Sri Lanka are working towards mutual growth and development.
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