India and Sri Lanka agree to resume ETCA talks, says Indian envoy

Sri Lanka and India have agreed on several key energy and development initiatives to strengthen bilateral ties.

These include establishing a high-capacity power grid interconnection, implementing a multi-product pipeline in collaboration with the UAE, and jointly developing offshore wind power potential in the Palk Straits with a focus on environmental protection.

Additionally, plans are underway to develop Trincomalee as a regional energy and industrial hub and to implement the Sampur Solar Project.

President Dissanayake expressed his gratitude to Prime Minister Modi for India’s significant support, particularly the nearly USD 4 billion in aid provided during 2022 and 2023, which was instrumental in stabilizing Sri Lanka during a critical period.

India has also played a vital role in Sri Lanka’s financial stabilization efforts, working closely with the IMF following the country’s debt restructuring agreement. As co-chair of the Official Creditors Committee, India continues to assist Sri Lanka through its economic recovery.

Sri Lanka remains one of India’s largest development partners and beneficiaries of capacity-building initiatives.

During President Dissanayake’s visit, the partnership was further strengthened, with special appreciation extended to India for converting loans into grants to provide Sri Lanka with greater fiscal flexibility.

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