India to encourage more investment in Sri Lanka’s economy: Jaishankar
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“My first objective in coming to Colombo is to express India’s solidarity with Sri Lanka in these difficult times,” Jaishankar said in a press release. “Tomorrow (Thursday) evening with my counterpart and other Sri Lankan ministers There was a good discussion in the meetings held.
Colombo. Expressing solidarity with debt-ridden Sri Lanka, External Affairs Minister S Jaishankar on Friday said India will encourage more investment in Sri Lanka’s economy, especially in the energy, tourism and infrastructure sectors. He met Sri Lankan President Ranil Wickremesinghe on Friday morning. “My first objective in coming to Colombo is to express India’s solidarity with Sri Lanka in these difficult times,” Jaishankar said in a press release. “Tomorrow (Thursday) evening with my counterpart and other Sri Lankan ministers There was a good discussion in the meetings held.
To help Sri Lanka overcome the economic crisis, India has given about four billion dollars in the form of ‘credit’ and ‘rollover’. He said India strongly felt that Sri Lanka’s creditors should take proactive steps to facilitate their recovery. Earlier, Sri Lanka has expressed gratitude to India for steps like providing a line of credit of US $ 3.9 billion last year and assurance of debt restructuring to the island nation facing severe economic crisis. With this, he will be able to get a loan from the International Monetary Fund (IMF). India’s External Affairs Minister S Jaishankar is on a visit to Sri Lanka and has pledged to increase the pace of investment for a faster economic recovery in the debt-ridden country.
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