India to extend greater investments in Sri Lanka’ economy: Jaishankar

India will encourage greater investments in Sri Lanka’s economy, especially in areas of energy, tourism and infrastructure, External Affairs Minister S Jaishankar said today, as he expressed India’s solidarity with debt-ridden Sri Lanka during its “difficult moments”.

Mr Jaishankar, who is in Colombo on a two-day visit, called on President Ranil Wickremesinghe on Friday morning.

“My primary purpose to visit Colombo is to express India’s solidarity with Sri Lanka during these difficult moments,” Jaishankar said in a press statement.

“We’ve had a very good discussion that follows up on my meetings with my counterpart and other Sri Lankan ministers yesterday (Thursday) evening,” he said.

India has extended about USD 4 billion in terms of credits and rollovers to help Sri Lanka get through an economic crisis.

“For us, it was an issue of the neighbourhood first and not leaving a partner to fend for themselves,”  Jaishankar said.

India felt strongly that Sri Lanka’s creditors must take proactive steps to facilitate its recovery, he said.

“India decided not to wait on others, but to do what we believe is right. We extended financing assurances to the IMF to clear the way for Sri Lanka to move forward,” he added.