Four-pronged plan on Sri Lanka crisis
The Hindu
Trincomalee oil farms, Indian investments to be speeded up, says Colombo
India and Sri Lanka agreed to a four-pronged approach to discuss initiatives on food and energy security to help mitigate , during a two-day visit by Sri Lankan Finance Minister Basil Rajapaksa to New Delhi.
The decisions included a four-pillar initiative, comprising lines of credit for, medicines and fuel purchases granted by India, a currency swap agreement to deal with Sri lanka’s balance of payment issues, an “early” modernisation project of the Trinco oil farms that India has been pursuing for several years, and a Sri Lankan commitment to facilitate Indian investments in various sectors.
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