India to invest $2 billion in Sri Lanka in next four years – Sitharaman
India will invest up to $2 billion in Sri Lanka over the next four years in a range of sectors including real estate, energy and infrastructure, its Commerce and Industry Minister Nirmala Sitharaman said on Tuesday.
India is Sri Lanka’s largest trading partner and the South Asian neighbours are considering a broader trade agreement as President Maithripala Sirisena’s government tilts towards New Delhi after his predecessor pursued a pro-China policy.
“In the next two to four years, the total investment interests will rise to $2 billion,” Sitharaman told reporters in Colombo at the end of her visit.
“India has investment interests in a wide range of areas.”
Her visit comes as China, India’s regional rival, presses ahead with a $1.4 billion real estate project next to Colombo’s main port after the Sirisena government, in power since January 2015, briefly suspended it over suspected irregularities.
(Reuters)
Latest Headlines in Sri Lanka
- Sri Lanka and United States discuss Economic Support and Reforms April 19, 2024
- Israeli missile strikes Iran amid escalating Middle East tensions April 19, 2024
- President says he will build a Sri Lanka that the youth aspire to April 19, 2024
- NPP presents 7-point pledge on Easter Sunday Attack to Cardinal Ranjith April 18, 2024
- Dialog Axiata to acquire Bharti Airtel’s telecom operations in Sri Lanka April 18, 2024
Is the $2 billion provided by the CIA channeled through India?
This is the USD 2 billion brought to SE Asia in a briefcase by CIA undercover agent (Assistant Secretary of State of Indian Origin).
Be Careful it may be a Trojan Horse from the Country that raped Sri lanka in 1987 by the Parrippu drop by protecting the most terrorists organization in the world and thereby our country loosing billions of US dollars which India has not apologized or paid even token damages