Sri Lanka is focused on stabilizing and reviving its economy and considers the investments made by the Adani Group in the country as important, according to Sri Lanka’s High Commissioner to India, Milinda Moragoda.
As the country undergoes economic restructuring and seeks support from India, it is banking on the Adani Group’s investments, including the West Container Terminal at the Colombo Port and wind power projects. Moragoda highlighted the significance of these investments for Sri Lanka’s confidence and expressed optimism about signing a power purchase agreement for the wind power projects soon.
Sri Lanka is also exploring the possibility of an oil pipeline connection with India. Additionally, Moragoda suggested reevaluating the implementation of the 13th Amendment of the Sri Lankan Constitution, emphasizing the need for fresh thinking and inclusive dialogue among communities to address the ethnic issue.
On India’s long-standing demand of implementing the 13th Amendment of the Sri Lankan Constitution on the Tamil reconciliation issue, he said, it is time to “think afresh.”
The High Commissioner clarified that the Port of Colombo generates revenue primarily through transshipment, with 80 percent of the business attributed to this activity. Out of this 80 percent, 70 percent is related to India, while the remaining 20 percent benefits Sri Lanka directly.
