India promises Sri Lanka support through long-term investments
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India said on Tuesday it would keep supporting Sri Lanka, mainly through long-term investments, after giving nearly $4 billion of financial help this year as its neighbour faced its worst economic crisis in more than seven decades.
Reuters reported last week citing sources that India did not plan to provide fresh financial support to Sri Lanka, as the island’s battered economy started to stabilise after a preliminary loan agreement with the International Monetary Fund (IMF).
“We continue to be supportive of Sri Lanka in all possible ways, in particular by promoting long-term investments from India in key economic sectors in Sri Lanka for its early economic recovery and growth,” the High Commission of India in Sri Lanka said in a statement.
It said India had ongoing development projects worth about $3.5bn in Sri Lanka, whose president earlier this month asked his officials to resolve obstacles to projects backed by India.
He did not specify the obstacles or the projects.
President Ranil Wickremesinghe has also said Sri Lanka will turn a free trade agreement with India into a comprehensive economic and technological partnership.
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Comments (39) Closed
Sep 20, 2022 09:13pm
India recently promises Bangladesh support through $9.5 billion long-term investments.
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Sep 20, 2022 09:20pm
Friend in need is a friend indeed
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Sep 20, 2022 09:32pm
Long term investment= we won't help you with aid, but we can build factories etc where you can work for us as slaves for a long time.... Clever.
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Sep 20, 2022 09:38pm
Thanks to India, as big brother in the regions,
India should help all small countries such as
Afghanistan, Iran, Turkey, Nepal, Pakistan.
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Sep 20, 2022 10:32pm
There is always an advantage when a country cultivates relations with bigger and stronger countries. Sri Lanka is reaping the benefits of good relations with India (India loaned $4.5 billions), while Pakistan continues to beg every country for $ 1 billion.
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Sep 20, 2022 10:39pm
India could help Pakistan also. But latter's big ego and Kashmir aspirations are not making it possible.
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Sep 20, 2022 10:46pm
India and the Indians have a big heart. Always there to assist the poor. Long Live India.
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Sep 20, 2022 10:46pm
@Trump Khan, huh..India already helped with $4bn aid. So do you want them to keep giving everything free?
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Sep 20, 2022 11:00pm
Lollypop
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Sep 20, 2022 11:32pm
@M. Emad , and extract the pound of flesh
There is no free lunch or are you naive to think so
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Sep 20, 2022 11:34pm
India said on Tuesday it would keep supporting Sri Lanka, mainly through long-term investments
Sri Lanka, dont take it. See what india did to Sikkim, Manipur, Indian occuoed kashmir. Stay strong and you will need no one.
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Sep 20, 2022 11:35pm
@M. Emad , India recently promises Bangladesh support through $9.5 billion long-term investments.
Death trap.
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Sep 20, 2022 11:35pm
@Joshua , Friend in need is a friend indeed
An enemy not in need is an enemy indeed.
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Sep 20, 2022 11:36pm
That’s the difference between India, China & US. China gives loans that can’t be paid and you ultimately become their slave. US gives aid and you ultimately become their slave. India invests in you and treats you with respect as a partner.
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Sep 20, 2022 11:37pm
@Trump Khan, still better than Chinese doing in Pakistan. What say?
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Sep 21, 2022 12:13am
@Trump Khan - Slavery is what China is doing with countries like Sri Lanka & Pakistan - “We give you loans that you can’t afford and when you can’t pay them back, we own you and your land.”
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Sep 21, 2022 12:26am
@Trump Khan, Some people are born pessimistic, they can never see the positive side.
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Sep 21, 2022 12:33am
@NORI, "There is always an advantage when a country cultivates relations with bigger and stronger countries."
That's why stronger country China got more of your land.
‘Buffer zones’ have been established in areas previously under Indian control. - The Guardian
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Sep 21, 2022 12:47am
Where is all weather friend.
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Sep 21, 2022 12:48am
@Trump Khan, It is better to work in a factory than to beg.
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Sep 21, 2022 01:34am
@Trump Khan, ???¿
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Sep 21, 2022 02:31am
If india is so concerned and want to be boss in neighborhood why is is giving 4 billion aid to Lanka and ignoring us
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Sep 21, 2022 02:54am
@Trump Khan,
Absolutely right, these big powers don’t give free lunches, aid comes with strings attached, USA, Russia, China and now even poor third world country india trying to do the same, make economic slaves in neighborhood.
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Sep 21, 2022 02:56am
@Ahmad Patel ,
Please don’t include Iran, Turkey and us, we all are in a position to give poor Indians aid.
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Sep 21, 2022 03:00am
Why not even a single country doing this with Pakistan.....
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Sep 21, 2022 03:24am
@Trump Khan, You have option not to work as a slave and starve to death.
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Sep 21, 2022 03:46am
@Trump Khan, - Thanks for describing CPEC agreement perfectly.
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Sep 21, 2022 04:25am
They unlike us got money!!
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Sep 21, 2022 05:45am
@Trump Khan, swing and a miss khan
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Sep 21, 2022 07:10am
Indians too late the Chinese already own it..
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Sep 21, 2022 07:17am
@M. Emad , You are right. Bangla Desh and Nepal are huge Markets
for Indian Products sold by Indian Businessmen. Now Sri Lanka has been
added to their list. The Economy of India is flourishing.
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Sep 21, 2022 07:17am
@Ahmad Patel , exclude turkey and Pakistan. They will get help from Muslim brotherhood
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Sep 21, 2022 07:54am
@Zelfour ali, “Indians too late the Chinese already own it..
”
India does not want to own. All Those who are abused by China are suffering from mental trauma.
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Sep 21, 2022 08:13am
@Aadi, 100% true.
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Sep 21, 2022 08:27am
what lies underneath the surface of the promises of support?
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Sep 21, 2022 08:52am
@MG, That is a billion $ question.
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Sep 21, 2022 09:09am
@A, the owned slaves see others in the same league as them.
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Sep 21, 2022 12:03pm
@Justice, don't push your luck, it'll never come to that
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Sep 21, 2022 12:11pm
China destroys, India rebuilds
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