Sri Lanka and India Collaborate on Green Energy Initiatives
Key Ideas
  • Sri Lankan President emphasizes active collaboration with India in solar, wind power, and green hydrogen sectors to enhance competitive capabilities of industries.
  • Plans for a development bank and Enterprise Sri Lanka aim to provide funding support for small and medium-scale entrepreneurs.
  • Upcoming visit of EAM Jaishankar signifies India's commitment to Sri Lanka, enhancing partnership on various fronts including connectivity projects.
  • Both countries look forward to broadening cooperation to leverage renewable energy resources and strengthen economic ties for mutual benefit.
Sri Lankan President Ranil Wickremesinghe highlighted the ongoing collaboration with India in solar, wind power, and green hydrogen sectors during the inauguration of International Industry Expo 2024 in Colombo. The focus is on improving industry competitiveness and exploring opportunities in renewable energy. Plans to establish a development bank and introduce Enterprise Sri Lanka aim to support small and medium-scale entrepreneurs by facilitating funding. The president discussed these initiatives with Indian Prime Minister Narendra Modi, emphasizing the importance of cooperation between the two nations. Additionally, the visit of EAM Jaishankar to Sri Lanka further solidifies the partnership, highlighting India's commitment to its maritime neighbor. The visit is expected to boost connectivity projects and enhance cooperation in various sectors. Both countries are keen on expanding collaboration in renewable energy and economic development, showcasing a positive outlook towards future bilateral relations.
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