Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan PM to visit India in April-End to finalize agreements - report
Tue, Apr 18, 2017, 11:36 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 18, Colombo: Sri Lankan Prime Minister Ranil Wickremesinghe will visit New Delhi in the last week of April ahead of his Indian counterpart Narendra Modi's scheduled visit to Sri Lanka in May, according to an Indian media report.

The visit will take place in the last week of April although the dates were still being finalized, The Wire reported quoting sources.

Prime Minister Modi is scheduled to visit Colombo next month to attend the first ever United Nations' Wesak Day celebrations to be held in in Sri Lanka on 12th May.

Premier Wickremesinghe's visit to New Delhi aims to wrap up strategic deals and to take forward economic cooperation finalizing a memorandum of understanding (MoU) covering a number of major infrastructure projects.

The MoU for "economic engagement," as it being dubbed, will include plans for joint development of Trincomalee Port, which will include setting up a petroleum refinery.

More importantly, it will also include a land lease agreement for Lankan Indian oil Corporation to develop storage oil tank farms - a project that India has been particularly keen to develop in the strategically located port.

Sources told The Wire that there was still discussions going on to give a final shape to the MoU, which will be signed during Modi's visit. There was also a strong hint from New Delhi that he would only visit Sri Lanka if the strategic deals were in place to be inked.

Wickremesinghe's trip will take place around the fourth round of negotiations for the Economic and Technology Co-operation Agreement (ETCA_. During his visit to India last October, Wickremesinghe had said optimistically that the ETCA will be finalized by 2016-end.

But officials have said it is unlikely that the economic pact will be ready in time for the Modi's visit next month.

 


ColomboPage - Recent 10 Stories ::
New Inland Revenue Act to be tabled in parliament in August
-- [2 hours ago]
Sri Lanka President aims to develop country through economy based on agriculture
-- [3 hours ago]
Sri Lanka nationwide inflation declines to 6.3 percent in June 2017
-- [3 hours ago]
UK sees improvement in human rights situation in Sri Lanka, expresses concern over intercommunal tension
-- [4 hours ago]
Sri Lanka Test Captain Chandimal hospitalized, Rangana Herath to lead India Test
-- [4 hours ago]
FACETS 2017 set to showcase the best of Sri Lanka's Gem & Jewelry Industry
Japan grants US$ 611,000 for demining activities in Northern Sri Lanka
Sri Lanka power regulator approves Electricity Board's alternate plan for electricity generation in next 20 years
Sri Lanka President endorses the necessary actions to implement the Office of the Missing Persons
UN Chief commends Sri Lankan government for establishing Office of Missing Persons

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.