Foreign ships have begun turning to Sri Lanka and Bangladesh for refueling, prompting the petroleum ministry to seek an exemption from integrated goods and services tax (IGST) on bunker fuel.
Petronet LNG Ltd, India’s biggest importer of gas, will partner with Japan’s Mitsubishi and Sojitz Corp to set up Sri Lanka’s first liquefied natural gas (LNG) terminal near Colombo, its CEO Prabhat Singh said today.
Sri Lanka has invited Petronet LNG to set up a liquid gas import terminal in that country, marking a major success for the Narendra Modigovernment’s energy diplomacy and signalling India’s emergence as a gas bridge for South Asia.
China has projected its One Belt One Road (OBOR) project as a global ideal that will spread economic benefits to less-developed countries.
Prime Minister Ranil Wickremesinghe’s visit to India this week and the expected visit of Prime Minister Narenda Modi to Sri Lanka in May signal a fresh burst of activity in India- Sri Lanka relations.
According to informed sources in New Delhi, the need for a tight timetable arose from a feeling that much could have been done in the field of India-Sri Lanka economic cooperation in the last two years
Sri Lanka may find it difficult to wriggle out of China’s clutches because of the massive debt it owes to Beijing but to balance things out, it is now set to allow India to jointly develop the Trincomalee port in northeastern part of the country.
Indian Railways will supply modern locomotives and train sets worth Rs 680 crore to Sri Lanka, in the largest export order for the public transporter.
Indian Railways will supply modern locomotives and train sets worth Rs 680 crore to Sri Lanka, in the largest export order for the public transporter
According to a report by a national news agency, India and Sri Lanka will be jointly operating the oil storage facility at the strategic eastern port town of Trincomalee,