SL should work with Adani, other investors to achieve economic growth: Ranil

Sri Lanka should work with the Adani group and other investors if is to experience an economic recovery and growth, former President Ranil Wickremesinghe said today.

Wickremesinghe, who was speaking during the launch of the book "Arthikaye Panchaudaya" written by former Minister Bandula Gunawardene, said Sri Lanka should attract and invite Indian investors in particular. 

"Our government introduced a range of power purchase prices when negotiating with Adani. The purchase price ranged from US cents 2 to 8. What the present government did was to go out of this range. Many investors who were keen on starting up renewable power plants expressed their interests after the coming of Adani. We have to safeguard these investors if we want to achieve a growth of our economy. We have an opportunity in our hands as Indian Prime Minister Narendra Modi is keen on purchasing renewable energy from Sri Lanka. We have to work with India and its investors if we are to achieve a growth of our economy, "Wickremeisnghe said.

"Sri Lanka should follow countries such as India and China which had obtained energy externally. Sri Lanka has no choice but to obtain energy from outside as there is no capital and technology in this country," he added.