(LiveMint)
India has drawn up a plan for long-term economic cooperation with Sri Lanka in the face of increasing Chinese influence in the island nation that New Delhi has traditionally considered within its sphere of influence. The plans include the construction of a gas-based power plant and a solar power plant besides a slew of road and railway projects.
The preliminary road map or a memorandum of understanding for economic cooperation was signed by the two governments last week during a visit by Sri Lankan Prime Minister Ranil Wickremesinghe to New Delhi.’There are traditionally close and friendly relations between the two countries and also continuing endeavours to enhance bilateral relations through increased economic, investment and development cooperation,” foreign ministry spokesman Gopal Baglay told reporters after the Wickremesinghe-Modi talks in New Delhi.
