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Monday, 08 May 2023 19:48

India steps up internationalisation of INR for SL’s economic recovery Featured

India and Sri Lanka stepped up their talks to proceed with trade in Indian Rupee as New Delhi and Colombo look set to expand their bilateral cooperation in “power and energy sector as well as aspects relating to Rupee trade”.

Dr Pramod Kumar Mishra, a cabinet rank official in India’s Prime Minister Narendra Modi’s administration, met with Sri Lankan High Commissioner Milinda Moragoda in New Delhi on Friday.

They continued the bilateral dialogue between two South Asian neighbours on a number of issues, including on debt restructuring matters crucial for Colombo’s economic recovery.

“The High Commissioner stressed the vital role that economic integration between the two countries could play in Sri Lanka’s economic recovery,” an official readout stated.

“High Commissioner Moragoda also followed up [Pramod Kumar Mishra] on a range of issues pertaining to the bilateral relationship that had been discussed during their last meeting in February,” the readout added,

It has referred to a previous round of bilateral talks between New Delhi and Colombo that addressed former’s support for latter’s economic recovery alongside aforementioned matters of bilateral cooperation.

 

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