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Basil to visit Modi for investments 

  • Preparations underway to fly to Delhi soon 

BY Pamodi Waravita 

Finance Minister Basil Rajapaksa is due to visit India in the coming few days for discussions with Indian Prime Minister Narendra Modi to procure foreign investment into the country, Foreign Minister Prof. G.L. Peiris said yesterday (22). 

“Rajapaksa will be going to New Delhi, India, on an official visit in a few days. He will meet with Premier Modi, Indian External Affairs Minister S. Jaishankar, and other members of the Indian leadership. This visit is not merely to get loans. Our policy as a Government is to not just get loans. But we are also focused on getting capital and foreign investments through other means – investments, business relationships, and the development of the tourism sector,” said Prof. Peiris yesterday.

Prof. Pieris noted that since Sri Lanka is currently trapped in the biggest economic crisis post-independence, Sri Lanka should not isolate itself diplomatically. 

“The economic crisis is due to many reasons, including mainly international ones such as the impact of the Covid-19 pandemic. However, to face this crisis, we must not act in solitude. We have many good relationships with many countries. There is space for us to arrive at some agreement with friendly countries. We especially have a very good relationship with India, our neighbouring country, who has come to our support in times of both economic and other needs,” he noted. 

Preparations are already underway between Indian High Commissioner (HC) to Sri Lanka Gopal Baglay and Sri Lankan High Commissioner to India Milinda Moragoda to facilitate this visit.