Tamil Diplomat

‘India-Sri Lanka likely to ink economic and technology cooperation pact in May’

India and Sri Lanka will sign the India-Sri Lanka agreement on economic and technology cooperation hopefully by May 2016, revealed Esala Weerakoon, High Commissioner of Sri Lanka to India yesterday.

“After our Prime Minister visited India in September, Prime Minister Narendra Modi and Prime Minister Ranil Wickremesinghe agreed that we will sign an economic and technology cooperation agreement between the two countries. The agreement will not only cover trade but will cover investment and services. It’s going to be a very broad agreement. At the moment we are finalizing the draft agreement and at the end of the year we will discuss with our Indian colleagues and hopefully by May 2016, the two Prime Ministers can sign the India-Sri Lanka economic and technology cooperation agreement,” said Weerakoon speaking to reporters in Odisha, India.

The Sri Lankan High Commissioner has expressed his country’s eagerness for cooperation with Odisha in the fields of tourism, culture and business. The High Commissioner said all kinds of cooperation will be extended on this account.

Weerakoon informed that very soon the second chapter of the foundation will be opened in Sri Lanka. He further informed that very soon more flights will operate to India.

“We will increase our cultural relations with Sri Lanka. We share a maritime history now we need air connectivity,” said Ashok Panda, Minister Tourism and Culture.

“Since Sri Lanka’s Colombo has turned out to be a major international trade hub. If shipping from our Paradip and Dhamra ports can be connected with that of Colombo it will be very much beneficial for exports and imports. We can also fetch investments in the export industry,” said Baijayant Panda MP. (Odisha Sun Times )