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India News: Lanka invites Indian investments to create a conducive environment| India News

India News: Lanka invites Indian investments to create a conducive environment| India News

NEW DELHI – Sri Lanka has assured India it will create a “conducive climate” for Indian investment in several important areas such as ports, energy, renewable power, and manufacturing.
The assurance was given during a virtual meeting that S Jaishankar, the foreign minister, had with Basil Rajapaksa (the Lankan finance Minister), on Saturday. This was following Rajapaksa’s visit to India last month. Jaishankar stated that India will continue to support Sri Lanka with all its possible means to overcome the economic and other challenges created by the Covid-19 pandemic. Both ministers welcomed the extension of $400m to Sri Lanka under the SAARC Currency Swap arrangement and reviewed the progress in extending Indian credit facility for $1 billion to import food, essential items, and medicine. The facility is also available for fuel imports from India.
Jaishankar raised the issue of Indian fishermen held in Sri Lankan detention and urged it for their immediate release.
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