Sri Lanka‘s Prime Minister Dinesh Gunawardena has said that India is the biggest friend of the island nation in times of crisis. Sri Lanka declared bankruptcy last year and defaulted on its USD 51 billion foreign loans for the first time since independence from Britain in 1948. India has played a significant role in aiding the island nation over the last year to tide over the economic crisis.
Addressing the Tata Tiscon Dealer Convention 2023 in Colombo, Prime Minister Gunawardena called on Indian companies to invest further in Sri Lanka. He further said that India is the biggest friend of Sri Lanka in times of crisis, the Colombo Gazette portal reported. Outlining the benefits of Indian investments in Sri Lanka, Prime Minister Gunawardena highlighted that 90 per cent of components used by Lanka Ashok Leyland were indigenous, it said.
Speaking at the event, High Commissioner Gopal Baglay said that both Government of India and Indian corporates are working to build relationships that are beneficial to the people within and beyond India, especially the neighbours, under Prime Minister Narendra Modi‘s Neighbourhood First Policy. He added that the driving force behind this spirit of engagement was the community-centred business practices and the philosophy of Vasudhaiva Kutumbakam (the world is one family).
Referring to India and Sri Lanka as ‘civilisational twins’, the High Commissioner noted that both Governments are promoting people-to-people and business-to-business ties.
Read More at https://www.financialexpress.com/defence/india-is-sri-lankas-biggest-friend-in-time-of-crisis-says-pm-dinesh-gunawardena/2975110/
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