Sri Lankan Prime Minister Ranil Wickremesinghe will be back in Delhi in the last week of April, with an agenda to wrap up strategic deals ahead of Prime Minister Narendra Modi’s scheduled visit in May and to take forward economic cooperation.
Wickremesinghe’s trip – his third since the general elections in 2015 – will take place just a couple of weeks before Modi goes to Colombo on his second official visit.
Sources told The Wire that the visit will take place in the last week of April, though the dates were still being finalised. The Sri Lankan prime minister was earlier in India in September 2015 and returned last year in October.
A part of the agenda for his visit will be to finalise the memorandum of understanding (MoU), which will be like a umbrella deal for a number of major infrastructure projects.
The MoU for “economic engagement,” as it being dubbed, will include plans for joint development of Trincomalee Port, which will include setting up a petroleum refinery.
More importantly, it will also include a land lease agreement for Lankan Indian oil Corporation to develop storage oil tank farms – a project that India has been particularly keen to develop in the strategically located port.
Source: The Wire
-Agencies
