India, Sri Lanka boost energy, defense ties
India and Sri Lanka have announced significant bilateral cooperation initiatives during Sri Lankan President Anura Kumara Dissanayake's first official visit to India. Prime Minister Narendra Modi revealed plans for India to supply liquefied natural gas (LNG) to Sri Lankan power plants, marking a major step in energy cooperation between the two nations.
The comprehensive partnership includes plans to connect the power grids of both countries and develop shared petroleum pipeline infrastructure. A notable agreement involves the joint development of offshore wind power in the Palk Straits, where India's Adani Green Energy has already committed $442 million for two wind power stations.
The leaders addressed critical regional issues during their New Delhi meeting, including maritime security, counter-terrorism, and cybersecurity through the Colombo Security Conclave framework. India's commitment to Sri Lanka's economic recovery was highlighted, with $5 billion already provided in credit lines and grants during Sri Lanka's recent economic crisis.
President Dissanayake expressed gratitude for India's support during Sri Lanka's financial difficulties and showed interest in India's digital public services model, receiving assurance of support from PM Modi for similar initiatives in Sri Lanka.
The discussions also touched on environmental concerns, particularly the controversial practice of bottom trawling in the Palk Straits. Dissanayake emphasized the need to end this fishing method, warning of its potentially devastating impact on the marine industry.
Indian state-run Petronet LNG is set to supply LNG to Colombo-based LTL Holdings for five years through the Kochi terminal, strengthening energy security ties between the nations. Both leaders expressed optimism about the future of bilateral relations, with Dissanayake noting that the visit has established a foundation for enhanced cooperation between the neighboring countries.
