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June 9, 2025 at 03:22 PM
š Recent Developments in IndiaāSri Lanka Relations
PM Modiās visit to Sri Lanka led to, reinforcing Indiaās āNeighbourhood Firstā policy and the āMAHASAGARā vision for regional security and growth.
š Key Highlights
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Civilian Honour: PM Modi was conferred the Sri Lanka Mitra Vibhushana, the countryās highest civilian award, reflecting strong cultural ties.
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Defence MoU: A landmark 5-year agreement was signed to boost joint exercises, maritime surveillance, and defence cooperation.
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Energy & Infrastructure: Agreement on IndiaāSri Lanka electricity grid; Tripartite MoU (IndiaāSLāUAE) to develop Trincomalee as an energy hub.
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Development Support: India converted over USD 100 million in loans into grants, lowered interest on others; launched key projects like solar and railway upgrades.
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Cultural Diplomacy: Relics of Lord Buddha from Gujarat to be sent to Sri Lanka for Vesak Day celebrations in May 2025.
š Other Developments
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India introduced Unified Payment Interface (UPI) in Sri Lanka and authorized the Indian Rupee as a designated currency in 2023.
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Joint exercises: SLINEX (Navy), MITRA SHAKTI (Army)
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