Reaching out

News 22.01.2022

India has begun the new year on a positive note in its effort to repair ties with Sri Lanka which had been fraying at the edges over the past few years. With the operationalisation of the US $100 line of credit (announced in June 2021) for the development of the island nation’s solar power sector and, earlier this month, the inking of a deal for modernisation of an oil tank farm at Trincomalee Port in which the state-owned Indian Oil Corporation too will hold a minority stake, the Indian foreign policy establishment hopes that the initiatives will incentivise Colombo to continue to be wary of China. (Read More)

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