News

GR invites Modi to assist SL’s economic recovery

President Gotabaya Rajapaksa has invited India to provide assistance in Sri Lanka’s post-COVID-19 economic recovery.

Rajapaksa made this invitation during a tele-conversation with Indian Prime Minister Narendra Modi this afternoon.

He said economic revival was the country’s main priority after Covid-19 had been brought under control.

He said Sri Lanka was expecting the support of India to bring back the economy to normalcy.

“We want India to assists us in resuscitating certain projects like the the development of the East Container Terminal of Colombo Port.”

“Indian businesses can invest in Sri Lanka’s value added industrial and agriculture production sector.

During the discussion the President also suggested that financing programmes between the two countries be expanded.

The President further requested the Indian Prime Minister to provide a $ 1.1 billion facility under the currency swap arrangement for SAARC countries for Sri Lanka to be able to manage its exchange rate.

Modi who commended Rajapaksa on the good work done on curbing the spread of the coronavirus in the country said the Indian government was willing to help Sri Lanka.

He requested for a representative to be appointed to work with the Indian High Commission to further bilateral corporation.