India’s economic support critical to meet aspirations of the people – President tells Indian EAM

Indian External Affairs Minister Dr. S. Jaishankar today (04) called on President Anura Kumara Dissanayake.

Highlighting that India’s economic support is critical to realize his vision of a prosperous Sri Lanka and meeting the aspirations of the people, President Dissanayake referred to the potential of export of renewable energy to India, which could help reduce production costs in Sri Lanka and create additional resources.

The President also noted the contribution of Indian tourists and recognized that this has the potential to grow further.

Briefing the President about ongoing initiatives in the field of energy production and transmission, fuel and LNG supply, solar electrification of religious places, connectivity, digital public infrastructure, health and dairy development, EAM Jaishankar highlighted that they would contribute to economic sustainability and provide new streams of revenue.

Regarding security and defence, the meeting brought out that the interests of India and Sri Lanka were closely intertwined. Their collaboration was in mutual interest and contributed to the stability and security of the region. The importance of a continuous dialogue that would promote trust, transparency and mutual sensitivity was recognized.

President Dissanayake reiterated that Sri Lankan territory would never be allowed to be used in a manner inimical to India’s security interests.

On Sri Lanka’s debt restructuring efforts, EAM Jaishnakar recalled that India had been supportive of Sri Lanka’s economic stability and recovery from the very start. It was the first country to give financing assurances, which enabled the IMF to finalize the Extended Fund Facility. He confirmed India’s support in the Official Creditors’ Committee in respect of Sri Lanka’s agreement with International Sovereign Bond holders. He noted that India is also willing to expedite the conclusion of its bilateral MoU with Sri Lanka and the President conveyed his appreciation in that regard.

EAM Jaishankar also raised the concerns pertaining to Indian fishermen who are detained in Sri Lanka and pressed for their early release, as well as of their boats, and reconsideration of the heavy fines imposed on them. He said that a humanitarian approach focused on livelihood issues would create a durable basis for addressing this matter. Noting that a meeting of the Joint Working Group on Fisheries and of the Fishermen Associations would be timely, EAM Jaishankar appreciated the release of 50 Indian fishermen today.

In his meeting with Prime Minister Amarasuriya, he underlined that the Government of India was prepared to respond to the training and capacity building requirements of Sri Lanka. Their discussion also focused on the benefits of digital public infrastructure.

EAM Jaishnakar conveyed India’s strong commitment to advance bilateral cooperation based on its ‘Neighbourhood First’ policy and SAGAR outlook during his meeting with Foreign Minister Vijitha Herath.

In this context, he assured that India’s ongoing development assistance to Sri Lanka through projects of Sri Lankan priority will be continued. He emphasized that India has offered to modernize the Kankesanthurai port through a grant to the tune of USD 61.5 million. He also conveyed that payments for 7 completed Line of Credit projects to the tune of USD 20 million could be converted into grants. India has also decided to gift 22 diesel locomotives to the Sri Lankan Railways.

With regard to the ethnic issue and the reconciliation process, EAM Jaishnakar reiterated India’s support for the aspirations of all communities, including Tamils, for equality, justice, dignity, peace while maintaining the unity, territorial integrity and sovereignty of Sri Lanka.

He added that the full and effective implementation of the 13th Amendment of its Constitution and the early holding of Provincial Council elections will facilitate these objectives.

EAM Jaishankar also met former President Ranil Wickremesinghe and SJB leader Sajith Premadasa.