Recent assistance to Sri Lanka guided by Neighbourhood First policy, SAGAR, says visiting Indian delegation

Colombo [Sri Lanka], June 23 : The high-level Indian delegation led by Foreign Secretary Vinay Kwatra that visited Sri Lanka on Thursday underscored that the recent economic, financial and humanitarian assistance of over USD 3.5 billion to the island country was guided by New Delhi's "Neighbourhood First" Policy.
The delegation comprising Ajay Seth, Secretary, Department of Economic Affairs, V Anantha Nageswaran, Chief Economic Advisor and Kartik Pande, Joint Secretary, Indian Ocean Region, Ministry of External Affairs was in Colombo on Thursday.
The delegation had meetings with Sri Lankan President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe during the visit. The talks between the two sides were held in a frank, cordial and constructive manner, the High Commission of India Colombo said in a statement.
"The Indian delegation underscored that the unprecedented recent economic, financial and humanitarian assistance of over US$ 3.5 billion to the people of Sri Lanka was, guided by 'Neighbourhood First' policy and Security and Growth for All in the Region (SAGAR) vision of Prime Minister Shri Narendra Modi," it said in a statement.
Both sides had a productive exchange of views on the current economic situation in Sri Lanka as well as India's ongoing support.
In the meeting with Prime Minister Ranil Wickremesinghe, the two sides had an in-depth discussion on the Sri Lankan economy and efforts undertaken by the Government of Sri Lanka toward achieving economic recovery.
In this context, both sides highlighted the importance of promoting India-Sri Lanka investment partnership including in the fields of infrastructure, connectivity, renewable energy and deepening economic linkages between the two countries, according to the statement.
The statement further added that the Foreign Secretary of India also had a separate meeting with his Sri Lankan counterpart, Ambassador Aruni Wijewardena. They agreed to work in close coordination towards strengthening diplomatic engagement and undertaking a bilateral visit at an early date.
Sri Lankan side appreciated the consistent support of the Government and people of India over the past few years in a variety of fields such as counter-terrorism, maritime security, disaster management, humanitarian assistance, development cooperation, commercial engagement and people-to-people ties.
"It may be recalled that development assistance extended by India stands at over USD 5 billion with more than USD 600 million being in grants, which include the Sri Lanka Unique Digital Identity Project. India continues to be the largest source of tourism for Sri Lanka," the High Commission of India in Colombo stated.
As per the statement, Sri Lankan side also welcomed the support extended by India during the meetings at the IMF in March this year and on subsequent occasions in different forums including regional and plurilateral organizations.
They further acknowledged the initiatives taken by the Indian leadership in encouraging other countries to support Sri Lanka in dealing with the post-COVID normalization of economic activity.