HomeNewsWorldSri Lanka planning massive development in Eastern Province with Indian aid: President Wickremesinghe

Sri Lanka planning massive development in Eastern Province with Indian aid: President Wickremesinghe

Addressing a special committee meeting on the developmental initiatives within the province on Thursday, the president asserted the acceleration of the Eastern Development Project and emphasised fostering a conducive environment to reinvigorate the island nation's cash-strapped economy.

August 25, 2023 / 17:21 IST
"It is vital that this accord is executed," he added.

Sri Lankan President Ranil Wickremesinghe has pledged to transform the Tamil-dominated Eastern Province, particularly the Trincomalee district, into a multifaceted hub and underscored the need to engage Indian assistance for it.

Addressing a special committee meeting on the developmental initiatives within the province on Thursday, the president asserted the acceleration of the Eastern Development Project and emphasised fostering a conducive environment to reinvigorate the island nation's cash-strapped economy.

Stressing the need to engage India's assistance for this project, Wickremesinghe highlighted its strategic importance, a release by the President's Office said.

He underscored the comprehensive vision for Trincomalee's transformation into a multifaceted hub encompassing energy, transportation, maritime commerce, naval operations, aviation, industry, and tourism. Wickremesinghe, who is also the finance minister, stressed India's collaborative role in the transformation.

"Presently, a comprehensive plan formulated by Surbana Jurong (Singapore-based major infrastructure consulting firm) pertains to the Trincomalee district's development, supported by an established agreement between Sri Lanka and India," Wickremesinghe said.

"It is vital that this accord is executed," he added.

The development strategy entails a meticulously crafted programme aimed at enhancing the Kumana coastal stretch extending from Verugalaru to Panama.

This expanse is envisioned to be harnessed for the advancement of the tourism sector. Simultaneously, a blueprint is in place for establishing modernised agriculture within this vicinity, and this model is intended to be extended to other areas within the Eastern Province.

Anticipating an evolution in Trincomalee's fishing, agriculture, and tourism sectors, the strategic goal is to elevate the city to a prominent commercial centre.

Wickremesinghe's statement came days after External Affairs Minister S Jaishankar highlighted the potential of renewable energy and regional economic activities, including the Trincomalee hub, for mutual benefit.

Updating through a video message members of the India-Sri Lanka Parliamentary Friendship Association on bilateral relations, Jaishankar reiterated New Delhi's support for the preservation of the island nation's multi-ethnic, multi-lingual, and multi-religious identity.

Jaishankar also delved into India's positive contributions to Sri Lanka's development, stability, and prosperity based on geographical proximity and shared democratic values between the two countries, according to an official statement by the Indian High Commission in Colombo.

PTI
first published: Aug 25, 2023 05:21 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347