On December 16, 2024, Prime Minister Narendra Modi and President Anura Kumara Dissanayake of Sri Lanka met in New Delhi and signed a number of important Memorandums of Understanding (MoUs). The importance of India-Sri Lanka relations is shown by the fact that this is President Dissanayake’s first foreign tour since assuming office.
PM Modi underlined the significance of connectivity and investment-led prosperity between the two countries. The leaders decided to improve energy, digital, and physical connectivity through initiatives including a multi-petroleum pipeline and grid connectivity for power.
Modi raised concerns regarding Indian fishermen being arrested by Sri Lankan authorities. He expressed hope that the Sri Lankan government would address the aspirations of Tamil minorities and ensure the implementation of the Constitution of Sri Lanka, including conducting Provincial Council Elections.
Dissanayake acknowledged India’s support during Sri Lanka’s recent economic crisis, which included approximately $4 billion in credit and grants. He also assured that Sri Lanka would not allow its territory to be used for activities against India.
The goal of avoiding double taxation is to promote investment and trade.
Training and Capacity Building: aimed at improving the two nations’ exchange of knowledge and skills.
Ferry Services: To enhance communication for interpersonal relationships.
The two presidents talked about a number of joint initiatives, such as:
The solar power project in Sampur.
Sri Lankan railway connectivity.
initiatives for digital identities.
defence collaboration and educational exchanges.
Given that both presidents have committed to a future-focused collaboration that takes into account both parties’ interests and regional stability, this encounter is regarded as a turning point in the development of bilateral ties.
