You are here

India, Sri Lanka boost ties with currency swap

In bid to counter China's influence Modi also signs deals on power plant, railways

BT_20150314_NAHMODI14_1562067.jpg
SEEKING NEW OPPORTUNITIES: Mr Modi and Mr Sirisena at the Presidential Secretariat in Colombo on Friday. 'Sri Lanka is venturing into a new chapter in relations with India,' said the Sri Lankan leader.

Colombo

ON the first trip to Sri Lanka by an Indian leader since the 1980s, Prime Minister Narendra Modi agreed to strengthen financial ties and build up the island's infrastructure as he looks to counter China's influence.

Central banks from both countries agreed to a US$1.5...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes