• Latest
  • Trending

Speeding up projects and acquisition of Mattala airport to dominate Modi-Ranil talks

November 22, 2017
Sri Lanka And China Strike A Chord At Boao Forum – Analysis

Sri Lanka And China Strike A Chord At Boao Forum – Analysis

April 22, 2021
Touching scenes at churches and graveyards as Sri Lankans marked the second anniversary of the April 21, 2019 bombings

Touching scenes at churches and graveyards as Sri Lankans marked the second anniversary of the April 21, 2019 bombings

April 22, 2021
President Arif Alvi appeals to Lankans to visit Buddhist sites in Pakistan

President Arif Alvi appeals to Lankans to visit Buddhist sites in Pakistan

April 22, 2021
Image credits - Mc Donalds

McDonald’s to release BTS Meal in nearly 50 countries, including Singapore

April 22, 2021
Whatsapp. Image credits - Christian Wiediger / Unsplash

WhatsApp Pink is a new virus targeting WhatsApp users, can take complete control over victim’s phone

April 22, 2021
Twitter. Image credits - Claudio Schwarz | @purzlbaum / Unsplash

Twitter becomes platform of hope amid the despair of India’s Covid-19 crisis

April 22, 2021
Oxygen. Image credits - Matt Chesin / Unsplash

Oxygen leak kills 22 patients as India’s daily infection rate nears 300,000

April 22, 2021
Image credits - srilankan.com

UL planning fully sponsored VVIP flight to Nairobi next week?

April 22, 2021
Image credits - Fusion Medical Animation @fusion_medical_animation / Unsplash

Legal action on violators of health guidelines in Sri Lanka; 516 cases reported

April 22, 2021
Sri Lanka orders Antigua-registered vessel with radioactive cargo out of Hambantota port

Sri Lanka orders Antigua-registered vessel with radioactive cargo out of Hambantota port

April 22, 2021
Lankan monks on pilgrimage in Pakistan

Lankan monks on pilgrimage in Pakistan

April 21, 2021
Indian envoy pays homage to Easter Sunday dead at St.Anthony’s church in Colombo

Indian envoy pays homage to bomb blast victims at St.Anthony’s church in Colombo

April 21, 2021
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Friday, April 23, 2021
  • Login
  • Register
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Sri Lanka And China Strike A Chord At Boao Forum – Analysis

    Sri Lanka And China Strike A Chord At Boao Forum – Analysis

    Touching scenes at churches and graveyards as Sri Lankans marked the second anniversary of the April 21, 2019 bombings

    Touching scenes at churches and graveyards as Sri Lankans marked the second anniversary of the April 21, 2019 bombings

    President Arif Alvi appeals to Lankans to visit Buddhist sites in Pakistan

    President Arif Alvi appeals to Lankans to visit Buddhist sites in Pakistan

    Twitter. Image credits - Claudio Schwarz | @purzlbaum / Unsplash

    Twitter becomes platform of hope amid the despair of India’s Covid-19 crisis

    Oxygen. Image credits - Matt Chesin / Unsplash

    Oxygen leak kills 22 patients as India’s daily infection rate nears 300,000

    Image credits - srilankan.com

    UL planning fully sponsored VVIP flight to Nairobi next week?

    Image credits - Fusion Medical Animation @fusion_medical_animation / Unsplash

    Legal action on violators of health guidelines in Sri Lanka; 516 cases reported

    Sri Lanka orders Antigua-registered vessel with radioactive cargo out of Hambantota port

    Sri Lanka orders Antigua-registered vessel with radioactive cargo out of Hambantota port

    Lankan monks on pilgrimage in Pakistan

    Lankan monks on pilgrimage in Pakistan

  • World
    • All
    • Japan
    • Russia
    • United States
    Sri Lanka And China Strike A Chord At Boao Forum – Analysis

    Sri Lanka And China Strike A Chord At Boao Forum – Analysis

    Image credits - Mc Donalds

    McDonald’s to release BTS Meal in nearly 50 countries, including Singapore

    Whatsapp. Image credits - Christian Wiediger / Unsplash

    WhatsApp Pink is a new virus targeting WhatsApp users, can take complete control over victim’s phone

    Image credits - Laurenz Heymann / Unsplash

    Apple’s ‘Spring loaded’ event: The six biggest announcements

    Image credits - Who’s Denilo ? @whoisdenilo / Unsplash

    Football: English Premier League clubs pull out of European Super League plan after outcry

    Britain's Queen Elizabeth II and her husband, Britain's Prince Philip, Duke of Edinburgh walk at Broadlands, Hampshire, in 2007.PHOTO: AFP

    Queen Elizabeth marks 95th birthday, days after husband Prince Philip’s funeral

    Image credits - Gayatri Malhotra / Unsplash

    Minneapolis jury convicts ex-policeman Derek Chauvin of murdering George Floyd

    US dithers on gun control despite mounting deaths due to gun culture

    US dithers on gun control despite mounting deaths due to gun culture

    Image credits - Pierpaolo Riondato @rynocerontem / Unsplash

    Man orders apples online, gets an iPhone

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Series
    Image credits - Variety / BAFTAImage credits - Variety / BAFTA

    BAFTA Awards 2021: See the full list of winners

    The name of Farhan Akhtar's Marvel project was not revealed. (Photo: Farhan Akhtar/Instagram)

    Farhan Akhtar shooting for secret Marvel project in Thailand

    SAG Awards 2019. Rob Latour/REX/Shutterstock

    Key winners at the 2021 Screen Actors Guild Awards

    The tragic life of Bollywood’s ethereal beauty

    The tragic life of Bollywood’s ethereal beauty

    © Photograph: Chris Pizzello/Invision/AP Busy … George RR Martin.

    George RR Martin signs five-year, eight-figure deal for more HBO projects

    Art across the Palk Strait

    Art across the Palk Strait

    Marvel - Black Widow

    Marvel couldn’t wait any longer to kick off its next phase of movies and shows

    Image credits - Glenn Carstens-Peters / Unsplash

    Amazon Prime Video to produce its first Bollywood film in India

    Image credits - The Verge

    Justice League: After four years and countless tweets, the Snyder Cut is here

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Image credits - Mc Donalds

    McDonald’s to release BTS Meal in nearly 50 countries, including Singapore

    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Mask. Image credits - Vera Davidova / Unsplash

    How often do you wash your mask? This is how a mask worn for 6 hours looks like

    Image credits - © SuitX Exoskeletons give the wearer more power and endurance

    The ‘Iron Man’ body armour many of us may soon be wearing

    Image credits - Rachel Park / Unsplash

    10 benefits of fasting that will surprise you

    Pakistani dates tickle Lankan taste buds

    Pakistani dates tickle Lankan taste buds

    Image credits - Adam Gonzales / Unsplash

    Singapore becomes a global cruise leader, for now

    Covid-19. Image credits - Hakan Nural / Unsplash

    Clear link between AstraZeneca vaccine and rare blood clots in brain, EMA official tells paper

    Image credits - Lukas Blazek / Unsplash

    Is Big Tech going off remote working?

    Image credits - JC Gellidon / Unsplash

    A third of COVID survivors suffer neurological or mental disorders: study

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp. Image credits - Christian Wiediger / Unsplash

    WhatsApp Pink is a new virus targeting WhatsApp users, can take complete control over victim’s phone

    Twitter. Image credits - Claudio Schwarz | @purzlbaum / Unsplash

    Twitter becomes platform of hope amid the despair of India’s Covid-19 crisis

    Image credits - Laurenz Heymann / Unsplash

    Apple’s ‘Spring loaded’ event: The six biggest announcements

    Facebook. Image credits - Solen Feyissa @solenfeyissa

    Facebook delays decision on lifting Trump ban

    © Getty Images Geschke set up Adobe in 1982

    Adobe co-founder who helped develop the PDF dies

    Image credits - Neil Soni @neilsoniphotography / Unsplash

    iPhone users get two major features on WhatsApp that Android users don’t have

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Sri Lanka And China Strike A Chord At Boao Forum – Analysis

    Sri Lanka And China Strike A Chord At Boao Forum – Analysis

    Touching scenes at churches and graveyards as Sri Lankans marked the second anniversary of the April 21, 2019 bombings

    Touching scenes at churches and graveyards as Sri Lankans marked the second anniversary of the April 21, 2019 bombings

    President Arif Alvi appeals to Lankans to visit Buddhist sites in Pakistan

    President Arif Alvi appeals to Lankans to visit Buddhist sites in Pakistan

    Twitter. Image credits - Claudio Schwarz | @purzlbaum / Unsplash

    Twitter becomes platform of hope amid the despair of India’s Covid-19 crisis

    Oxygen. Image credits - Matt Chesin / Unsplash

    Oxygen leak kills 22 patients as India’s daily infection rate nears 300,000

    Image credits - srilankan.com

    UL planning fully sponsored VVIP flight to Nairobi next week?

    Image credits - Fusion Medical Animation @fusion_medical_animation / Unsplash

    Legal action on violators of health guidelines in Sri Lanka; 516 cases reported

    Sri Lanka orders Antigua-registered vessel with radioactive cargo out of Hambantota port

    Sri Lanka orders Antigua-registered vessel with radioactive cargo out of Hambantota port

    Lankan monks on pilgrimage in Pakistan

    Lankan monks on pilgrimage in Pakistan

  • World
    • All
    • Japan
    • Russia
    • United States
    Sri Lanka And China Strike A Chord At Boao Forum – Analysis

    Sri Lanka And China Strike A Chord At Boao Forum – Analysis

    Image credits - Mc Donalds

    McDonald’s to release BTS Meal in nearly 50 countries, including Singapore

    Whatsapp. Image credits - Christian Wiediger / Unsplash

    WhatsApp Pink is a new virus targeting WhatsApp users, can take complete control over victim’s phone

    Image credits - Laurenz Heymann / Unsplash

    Apple’s ‘Spring loaded’ event: The six biggest announcements

    Image credits - Who’s Denilo ? @whoisdenilo / Unsplash

    Football: English Premier League clubs pull out of European Super League plan after outcry

    Britain's Queen Elizabeth II and her husband, Britain's Prince Philip, Duke of Edinburgh walk at Broadlands, Hampshire, in 2007.PHOTO: AFP

    Queen Elizabeth marks 95th birthday, days after husband Prince Philip’s funeral

    Image credits - Gayatri Malhotra / Unsplash

    Minneapolis jury convicts ex-policeman Derek Chauvin of murdering George Floyd

    US dithers on gun control despite mounting deaths due to gun culture

    US dithers on gun control despite mounting deaths due to gun culture

    Image credits - Pierpaolo Riondato @rynocerontem / Unsplash

    Man orders apples online, gets an iPhone

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Series
    Image credits - Variety / BAFTAImage credits - Variety / BAFTA

    BAFTA Awards 2021: See the full list of winners

    The name of Farhan Akhtar's Marvel project was not revealed. (Photo: Farhan Akhtar/Instagram)

    Farhan Akhtar shooting for secret Marvel project in Thailand

    SAG Awards 2019. Rob Latour/REX/Shutterstock

    Key winners at the 2021 Screen Actors Guild Awards

    The tragic life of Bollywood’s ethereal beauty

    The tragic life of Bollywood’s ethereal beauty

    © Photograph: Chris Pizzello/Invision/AP Busy … George RR Martin.

    George RR Martin signs five-year, eight-figure deal for more HBO projects

    Art across the Palk Strait

    Art across the Palk Strait

    Marvel - Black Widow

    Marvel couldn’t wait any longer to kick off its next phase of movies and shows

    Image credits - Glenn Carstens-Peters / Unsplash

    Amazon Prime Video to produce its first Bollywood film in India

    Image credits - The Verge

    Justice League: After four years and countless tweets, the Snyder Cut is here

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Image credits - Mc Donalds

    McDonald’s to release BTS Meal in nearly 50 countries, including Singapore

    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Mask. Image credits - Vera Davidova / Unsplash

    How often do you wash your mask? This is how a mask worn for 6 hours looks like

    Image credits - © SuitX Exoskeletons give the wearer more power and endurance

    The ‘Iron Man’ body armour many of us may soon be wearing

    Image credits - Rachel Park / Unsplash

    10 benefits of fasting that will surprise you

    Pakistani dates tickle Lankan taste buds

    Pakistani dates tickle Lankan taste buds

    Image credits - Adam Gonzales / Unsplash

    Singapore becomes a global cruise leader, for now

    Covid-19. Image credits - Hakan Nural / Unsplash

    Clear link between AstraZeneca vaccine and rare blood clots in brain, EMA official tells paper

    Image credits - Lukas Blazek / Unsplash

    Is Big Tech going off remote working?

    Image credits - JC Gellidon / Unsplash

    A third of COVID survivors suffer neurological or mental disorders: study

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp. Image credits - Christian Wiediger / Unsplash

    WhatsApp Pink is a new virus targeting WhatsApp users, can take complete control over victim’s phone

    Twitter. Image credits - Claudio Schwarz | @purzlbaum / Unsplash

    Twitter becomes platform of hope amid the despair of India’s Covid-19 crisis

    Image credits - Laurenz Heymann / Unsplash

    Apple’s ‘Spring loaded’ event: The six biggest announcements

    Facebook. Image credits - Solen Feyissa @solenfeyissa

    Facebook delays decision on lifting Trump ban

    © Getty Images Geschke set up Adobe in 1982

    Adobe co-founder who helped develop the PDF dies

    Image credits - Neil Soni @neilsoniphotography / Unsplash

    iPhone users get two major features on WhatsApp that Android users don’t have

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
No Result
View All Result
NewsIn.Asia
No Result
View All Result
Home Around South Asia

Speeding up projects and acquisition of Mattala airport to dominate Modi-Ranil talks

admin by admin
November 22, 2017
in Around South Asia, Business, India, Sri Lanka, Top Story
Reading Time: 3min read
2 0
Share on WhatsApp

Colombo, November 21: In the talks between Sri Lankan Prime Minister Ranil Wickremesinghe and his Indian counterpart Narendra Modi to be held in New Delhi on November 23, the main issues will be speeding up implementation of joint development projects and India’s offer to invest in  the Mattala Airport in Hambantota district, writes P.K.Balachandran in South Asian Monitor.

According to the Indo-Lankan MoU, signed in New Delhi in April this year,  the two countries pledged to develop the 84 oil tanks in the Upper Tank Farm, giving 10 tanks to the CPC for its exclusive use. The two countries will also sign a 50 year land lease agreement in regard to the tank farm which has 99 tanks spread over a vast area.

Further, India and Sri Lanka will jointly make investments in the development of the Trincomalee port, a petroleum refinery and other industries in the vicinity of the port. India will set up a 50 MW (extendable to 100 MW) Solar Power Plant in Sampur near Trincomalee.

India will join the CPC to set up a Liquefied Natural Gas (LNG) fired 500 Megawatts capacity LNG Power Plant as well as LNG Terminal or Floating Storage Re-gasification Unit (FSRU) in Kerawalapitiya near Colombo. India will also assist Sri Lanka in the enhanced use of Natural Gas, including the setting up of a piped gas distribution system in Colombo and in suburban areas in Sri Lanka; help set up retail outlets for the supply of Compressed Natural Gas (CNG) to the transportation sector in Sri Lanka; and convert fuel-based power plants to LNG power plants.

India and Sri Lanka will set up Industrial Zones or Special Economic Zones in other locations also. India will develop the Dambulla-Trincomalee road as an Expressway through joint investments with Sri Lanka. The development of the Mannar-Jaffna and Mannar-Trincomalee highways is also on the cards.India pledged to develop the railway sector in Sri Lanka through projects relating to track upgrading and the purchase of rolling stock.

India and Sri Lanka will encourage Indian companies to invest in a container terminal in Colombo Port (the Eastern Terminal), considering that 70 percent of the Colombo port’ business is Indian trans-shipment.

Slow Progress

In the six months since the signing of the MoU, there has been some progress in the project relating to the LNG plant in Kerawelapitiya. But other projects appear to be caught up in delays on the Sri Lankan side as the government is embroiled in conflicts both within the ruling coalition and in the Sri Lankan polity at large in the run up to elections to the local bodies in January 2018.

The controversial issue of developing the Trincomalee oil tanks cannot be pursued now, because of a court case in which the workers’ union at the Ceylon Petroleum Corporation has challenged the 2003 Indo-Lankan agreement by which Sri Lanka gave the 99 giant tanks to India.

India’s proposal to invest in the development of the Eastern Container Terminal at Colombo port will also not come up as the Sri Lankan President Maithripala Sirisena has already publicly said that the terminal will be executed by the Sri Lanka Ports Authority (SLPA).

Indian Proposal for Mattala Airport

Dubbed as the “World’s Emptiest Airport” by Forbes the Mattala airport built by the Chinese during the Presidency of Mahinda Rajapaksa, became an election issue in 2015 and eventually led to Rajapaksa’s defeat. But the successor coalition government of President Maithripala Sirisena and Prime Minister Wickremesinghe also found it hard to run the airport.

In August this year, India had proposed to “operate, manage, maintain and develop” it through a joint venture, with India holding 70% of the equity for 40 years. India was to invest US$205 million with Sri Lanka pitching in with $88 million.

The Indian offer had come within weeks of a Sri Lanka-China agreement on the development of Hambantota port in which the state-run China Merchants Port Holdings will have a 70% stake in a joint venture for a period of 99 years. India is trying to get an equally good deal.

The Sri Lankan government is yet to take a decision on the Indian offer. India is looking at the acquisition mainly as a strategic asset in the Indian Ocean though the airport might be able to make money from tourism which is bound to boom due to the development of the Hambantota port and the Chinese-run economic zone to come up there.

Political Hurdle

The Sri Lanka government, however, faces political opposition to the handing over strategic assets to India. Even the handing over of Hambantota port to “all-weather friend” China, was problematic with Colombo having had to review the Framework Agreement and make other changes under public pressure.

Given India’s unease with China, which is getting economically and strategically entrenched in Sri Lanka, Indian Prime Minister Modi is expected to prevail upon Wickremesinghe not to put all his eggs in the Chinese basket and blindly become part of China’s controversial One Road One Belt (OBOR) project.

Modi would urge Wickremesinghe to side with India, which is closer not only geographically but also in terms of political and social culture.

(The featured image at the top shows the Mattala International Airport)

 

SendShare1Tweet1ShareShare
admin

admin

Recommended Articles

  • All
  • Recommend
Sri Lanka And China Strike A Chord At Boao Forum – Analysis

Sri Lanka And China Strike A Chord At Boao Forum – Analysis

April 22, 2021
President Arif Alvi appeals to Lankans to visit Buddhist sites in Pakistan

President Arif Alvi appeals to Lankans to visit Buddhist sites in Pakistan

April 22, 2021
Lankan monks on pilgrimage in Pakistan

Lankan monks on pilgrimage in Pakistan

April 21, 2021
Xi says global governance should reflect the evolving political and economic landscape

Xi says global governance should reflect the evolving political and economic landscape

April 21, 2021
IMF chief Kristalina Georgieva says China’s recovery has boosted demand

IMF chief Kristalina Georgieva says China’s recovery has boosted demand

April 19, 2021
Our lands are under threat, say Tamils in Sri Lanka’s Eastern Province

Our lands are under threat, say Tamils in Sri Lanka’s Eastern Province

April 18, 2021

Advertorial

  • All
  • Advertorial
Visual and Textual Analysis for Images with Reverse Search Tools

Visual and Textual Analysis for Images with Reverse Search Tools

January 3, 2021

Popular Now

  • Image credits - Fusion Medical Animation @fusion_medical_animation / Unsplash

    Covid clusters reported from Pamunuwa & Fort State bank

    27 shares
    Share 11 Tweet 7
  • WhatsApp Pink is a new virus targeting WhatsApp users, can take complete control over victim’s phone

    17 shares
    Share 7 Tweet 4
  • Stiff opposition to stripping civic rights of Lankan opposition leaders

    16 shares
    Share 6 Tweet 4
  • Mrs. World 2020 title goes to Ireland after Mrs. Caroline Jurie resignation

    13 shares
    Share 5 Tweet 3
  • The Lankan “death trap”

    13 shares
    Share 5 Tweet 3
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2020 NewsIn.Asia - Lovingly maintained by DigitalArc.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States

© 2020 NewsIn.Asia - Lovingly maintained by DigitalArc.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In