By Rohit Sindhu, Updated : Nov 29, 2019 16:08 IST
India Extends $400 Million Assistance to Sri Lanka after PM Modi talks Gotabaya

Prime Minister Narendra Modi on Friday extended the Credit Line of $400 Millions to Sri Lanka. As Sri Lanka’s newly elected President Gotabaya Rajapaksa is on a three-day official visit to India, on Friday President met Prime Minister Modi, NSA Ajit Doval in bilateral meetings. As president tweeted “My expectations are very high,” Sri Lankan President Gotabaya said. During the meeting with PM Modi President also stressed on India-Sri Lanka relationship & mutual interests- saying “I want to bring the relationship between India and Sri Lanka to a very high level” PTI reported. During the Bilateral meeting PM & Sri Lankan President discussed on several issues as Ministery of External Affairs briefed. 

India Extended $400 Million to Sri Lanka 

india extends 400 million usd credit to sri lanka

Sri Lankan President Gotabaya Rajapaksa arrived in New Delhi on Thursday on a three-day visit to India. On Friday meeting with PM Modi, both leaders discussed different issues and as assistance PM Modi extended $400 million credit to Sri Lanka. Credit line in several projects including Fight against Terrorism, Solar Project & Indian Housing project will be extended to Sri Lanka as ANI reported. PM Modi & Rajapaksa both leaders, on Friday not only covered trade, economic & issues related to climate but also on Security and roles of both countries in Indian Ocean. Before meeting PM Modi tweeted on arrival of newly elected Sri Lankan President:-“Happy to receive Gotabaya Rajapaksa on his first overseas visit as the President of Sri Lanka”. Gotabaya sworn as Sri Lankan President in November this year & this is his first overseas visit. 

PM Modi & Gotabaya both leaders covered issues pertaining significant role played by the Sri Lankan & Indian Navy in Indian Ocean and changing current geopolitics in surroundings. PM observed that Sri Lanka was positioned in a very strategic place as all the sea lanes were close by. 

Sri Lankan President said that his country needed to work with New Delhi to address security and development-related all matters. 

  • $50 million line of credit to fight terrorism  

  • $100 million for solar projects 

  • $250 million credit line for “Indian housing project” 

gotabaya rajpaksa india visit

Modi said both the leaders exchanged their views on the post-war reconciliation process of the Tamil people in Sri Lanka. PM hoped that Rajapaksa will ensure “equality, justice, peace and respect” to Tamils. On other hand Sri Lankan President said his government will take all necessary steps to release Indian Fishermen’ boats in their custody & will work together in same direction with the help on New Delhi.

Source- ANI

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