India, Sri Lanka forge strong economic partnerships during PM's Visit
ECONOMY & POLICY

India, Sri Lanka forge strong economic partnerships during PM's Visit

Indian Prime Minister Narendra Modi announced that India and Sri Lanka will conduct feasibility studies on a petroleum line and land bridge connectivity between the two countries, which has the potential to significantly enhance sub-regional integration in the Indian Ocean Region. This announcement followed talks with Sri Lankan President Ranil Wickremesinghe during his two-day visit to India.

During the meeting, the two leaders unveiled five pacts, including a memorandum of cooperation for economic development projects in Sri Lanka's Trincomalee district and a memorandum of understanding on renewable energy. President Wickremesinghe emphasised that the two countries have agreed on a shared vision to strengthen their economic partnership.

Both leaders emphasised their commitment to widening bilateral relations, with agreements signed on technology, renewable energy, and improved connectivity. They expressed their desire to enhance maritime, air, and energy connectivity between their citizens, as well as to boost mutual cooperation in areas such as tourism, trade, and higher education.

President Wickremesinghe viewed his visit to India as an opportunity to review the bilateral relationship, build upon the historical and cultural ties between the two nations, and foster trust and confidence for their future prosperity in the modern world.

Prime Minister Modi highlighted the significance of Sri Lanka in India's "Neighbourhood First" policy and the 'SAGAR' vision. He affirmed that India and Sri Lanka's security interests and development are closely interconnected, reflecting the importance of a strong partnership between the two neighbouring countries.

Indian Prime Minister Narendra Modi announced that India and Sri Lanka will conduct feasibility studies on a petroleum line and land bridge connectivity between the two countries, which has the potential to significantly enhance sub-regional integration in the Indian Ocean Region. This announcement followed talks with Sri Lankan President Ranil Wickremesinghe during his two-day visit to India.During the meeting, the two leaders unveiled five pacts, including a memorandum of cooperation for economic development projects in Sri Lanka's Trincomalee district and a memorandum of understanding on renewable energy. President Wickremesinghe emphasised that the two countries have agreed on a shared vision to strengthen their economic partnership.Both leaders emphasised their commitment to widening bilateral relations, with agreements signed on technology, renewable energy, and improved connectivity. They expressed their desire to enhance maritime, air, and energy connectivity between their citizens, as well as to boost mutual cooperation in areas such as tourism, trade, and higher education.President Wickremesinghe viewed his visit to India as an opportunity to review the bilateral relationship, build upon the historical and cultural ties between the two nations, and foster trust and confidence for their future prosperity in the modern world.Prime Minister Modi highlighted the significance of Sri Lanka in India's Neighbourhood First policy and the 'SAGAR' vision. He affirmed that India and Sri Lanka's security interests and development are closely interconnected, reflecting the importance of a strong partnership between the two neighbouring countries.

Next Story
Infrastructure Transport

Cabinet Clears Rs 69.6 Billion Project To Safeguard Kaziranga

Union Minister Sarbananda Sonowal has welcomed the Union Cabinet’s approval for the four-laning of the Kaliabor–Numaligarh section of National Highway 715 in Assam, describing it as a decision that reflects Prime Minister Narendra Modi’s environmental sensitivity and commitment to protecting wildlife.The decision, approved by the Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister, involves widening and upgrading the existing highway into a four-lane carriageway, including the implementation of wildlife-friendly measures along the Kaziranga National Park stretch...

Next Story
Infrastructure Transport

Delhi Begins Rs 450 Million Post-Monsoon Road Repairs

With the monsoon season officially retreating, the Public Works Department (PWD) has begun major road strengthening and repair work across the national capital.According to officials, the department will repair 12 major roads that connect various parts of Delhi to the Outer Ring Road, one of the city’s busiest transport corridors. Heavy monsoon rains and waterlogging have caused severe damage to several arterial routes, resulting in potholes, cracks, and weakened foundations, which have disrupted traffic flow and created safety hazards for commuters.“The post-monsoon condition of many road..

Next Story
Infrastructure Transport

Rs 69.6 Billion NH Project To Boost Connectivity, Protect Kaziranga

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has hailed the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, for approving a Rs 69.6 billion project to widen and modernise the Kaliabor–Numaligarh section of National Highway 715 in Assam.The project’s centrepiece is a 34.5-kilometre elevated corridor through the Kaziranga National Park (KNP), designed to ensure safe, uninterrupted wildlife movement while significantly improving road connectivity across Assam.Calling it a “historic day for Assam and a giant leap for India’s sus..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?