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PM Modi offers $450 million development, anti-terror aid to Lanka

India on Friday announced lines of credit amounting to $450 million to Sri Lanka as its newly elected President Gotabaya Rajapaksa held talks with Prime Minister Narendra Modi on ways to push the bilateral relations and undertake developmental activities jointly in the island nation, including those benefiting ethnic Tamils.

Rajapaksa, who took over as the Sri Lankan President on November 18, has chosen India as the first country of his foreign visit, accepting an invitation extended by Modi soon after his election.The Indian Prime Minister had sent External Affairs Minister S. Jaishankar to Colombo on November 19 to personally hand over the invitation.Modi and Gotabaya Rajapaksa held detailed talks here on Friday, covering various aspects of bilateral relations and the reconciliation process underway in Sri Lanka, keeping in mind the interests of ethnic Tamils.

Addressing the media jointly with Gotbaya Rajapaksa after their meeting at Hyderabad House, the Prime Minister underlined India”s neighbourhood-first policy and said the Sri Lankan President”s visit will boost the age-old ties between the two countries.He assured Rajapaksa that India is with Sri Lanka in its fight against terrorism and announced a line of credit of $50 million to the island nation for the purpose.

Modi announced another line of credit of $400 million to help strengthen Sri Lanka”s economy.He noted that India is already undertaking a project to build houses for ethnic Tamils in Sri Lanka.

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