India on Thursday assured Sri Lanka of its assist to tide over “troublesome occasions” even because it welcomed the Trincomalee tank farms venture saying it can increase bilateral power safety.

Exterior Affairs Ministry Spokesperson Arindam Bagchi, when requested at a media briefing on the potential for India extending the credit score line to assist Sri Lanka overcome its financial disaster, stated it has at all times stood by the individuals of that nation.

After a telephonic dialog together with his Sri Lankan counterpart, Exterior Affairs Minister S Jaishankar stated India will assist Sri Lanka in “these troublesome occasions”.

“Greeted FM G.L. Peiris of Sri Lanka within the New Yr. A dependable buddy, India will assist Sri Lanka in these troublesome occasions. Agreed to stay in shut contact,” Jaishankar tweeted.

On the fishermen problem, Bagchi stated that the Indian Excessive Fee in Colombo has been making efforts to make sure the early launch of the remaining Indian fishermen detained by Sri Lankan authorities final month.

Sri Lanka had detained a complete of 68 fishermen and 12 of them have already been launched.

Bagchi stated either side are in session for early holding of a gathering of the joint working group on fisheries.

On Sri Lanka’s Cupboard approving the deal to collectively develop the Trincomalee oil tank farm with India, Bagchi stated it can increase bilateral power cooperation.

“Now we have seen studies that the Sri Lankan Cupboard has permitted the event of the Trincomalee tank farms. Vitality safety is a crucial space of our bilateral cooperation with Sri Lanka,” he stated.

“We’re in session with the Authorities of Sri Lanka for the modernisation of the Trincomalee tank farms. It will permit for the storage of gasoline and can increase bilateral power safety,” Bagchi added.

The Sri Lankan authorities stated that after reviewing the three current agreements with the Indian authorities relating to the strategic Trincomalee oil tank advanced, generally often known as the Trinco oil tank farm, the 2 sides have reached an settlement to implement a joint improvement venture.

On the question on extending the credit score line by India, Bagchi referred to the go to to New Delhi by Sri Lankan Finance Minister Basil Rajapaksa final month.

“He briefed the Indian aspect on the financial state of affairs in Sri Lanka and his authorities’s strategy in addressing these challenges. India has at all times stood by the Sri Lankan individuals and Sri Lanka is a crucial a part of our neighbourhood first coverage,” Bagchi stated.

He stated throughout Rajapaksa’s go to, discussions occurred on deepening cooperation in areas of meals and well being safety, power safety, the stability of cost points and Indian investments in Sri Lanka amongst others.

“I perceive that additional consultations are ongoing,” Bagchi stated.

(Solely the headline and film of this report could have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)

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