India offers $50mn to deal with security, $400mn to boost economy

29 November 2019 02:59 pm - 8     - {{hitsCtrl.values.hits}}

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President Gotabaya Rajapaksa today thanked Indian Prime Minister Narendra Modi for offering USD 50 million to enhance capabilities of the intelligence agencies in Sri Lanka.

Indian PM Modi also announced a line of credit of USD 400 million to boost Sri Lanka's development.

Addressing a joint press briefing in New Delhi, India, President Rajapaksa said since the recent experience of Sri Lanka in April this year, we have had to rethink national security strategies.

“Assistance from India in this regard is most appreciated and Prime Minister Modi’s assurances are most encouraging,” he said.

Meanwhile, President Rajapaksa said the fishermen issue was discussed in length and steps would be taken to release boats of the Indian fishermen in Sri Lanka custody.

The President also invited Indian Premier to visit Sri Lanka as the first-ever state leader to visit the country after the new President was elected.

Prime Minister Modi said India gives priority to its relations with Sri Lanka under its 'Neighbourhood First' policy.

Announcing USD 50 million dollars line of credit to Sri Lanka to tackle terrorism, the Premier said India will fully cooperate with Sri Lanka's fight against terrorism.

Describing the meeting with Mr. Rajapaksa as fruitful, Mr. Modi said, a strong and prosperous Sri Lanka is not only in the interest of India but in the interest of the entire Indian Ocean region. He assured India's help in the overall development of the country.

  Comments - 8

  • Hans perlee Friday, 29 November 2019 03:14 PM

    More debts, why not.

    das Friday, 29 November 2019 03:16 PM

    More loans? We will have to give them Colombo harbour.

    Anmanpan Friday, 29 November 2019 03:26 PM

    Read carefully, they are lines of credit. Not grants. This is nothing new or an achievement.

    Indian Friday, 29 November 2019 05:03 PM

    All right. The east terminal is ours.

    Bandu Friday, 29 November 2019 05:57 PM

    Line of Credit ties you to Indian goods and services. May not be best but beggers cannot choose.

    Creditman Friday, 29 November 2019 06:46 PM

    Let us hear Modawansa's statement? Why is he so quiet?

    Kiri Ibba Friday, 29 November 2019 07:45 PM

    If Ranil did all this the Baiyaas would have gone to Town!

    Gihan Saturday, 30 November 2019 07:51 AM

    More polluting tuks, lorries dressed yp as buses and dodgy cars built with outdated polluting technology. Hope this gets spent wisely as it all needs to be paid back with interest, I suspect.


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