News Today: Strengthening Indo-Lanka Relations with Economic and Technical Cooperation Agreement

Former President Commends Current President for Strengthening Indo-Lanka Relations

Former President Ranil Wickremesinghe has lauded President Anura Kumara Dissanayake for his leadership in finalizing the Economic and Technical Cooperation Agreement with India. The agreement aims to foster mutual growth and development, marking a significant milestone in bilateral relations.

“I commend President Anura Kumara Dissanayake for moving forward with the Economic and Technical Cooperation Agreement and the development of Trincomalee as a regional energy and industrial hub,” Wickremesinghe stated in a special address.

The former President emphasized the importance of the joint efforts, which were formally announced in a Joint Statement issued by Indian Prime Minister Narendra Modi and President Anura Kumara Dissanayake on December 16th, 2024, in New Delhi. This agreement focuses on key areas such as energy collaboration, industrial growth, and advancing economic ties between the two nations.

Trincomalee’s transformation into a regional energy and industrial hub is expected to bring significant investment opportunities, enhance technological exchanges, and create employment for Sri Lanka. Wickremesinghe highlighted that this agreement would also fortify the long-standing relationship between the two countries, paving the way for sustained economic prosperity.

The Joint Statement further underlined India’s commitment to supporting Sri Lanka’s development agenda, strengthening regional stability, and enhancing cooperation in energy, technology, and trade. The strategic move has been widely welcomed as a step forward in securing a prosperous future for Sri Lanka.