Indian Railways is all set to establish its footprint in Sri Lanka with the export of six DMU (diesel multiple units) train sets consisting of 78 modern coaches worth Rs 600 crore.
Sri Lanka on Thursday sharply hiked fuel prices by up to 130 per cent following pressure from the IMF which advised the government to reduce the heavy subsidies.
The Tamil Nadu government will submit a memorandum to the Union Shipping Ministry, seeking development of infrastructure at Rameswaram to launch ferry service from Rameswaram to Sri Lanka again under the Sagarmala funding.
The Indian Oil Company’s subsidiary in Sri Lanka has dismissed as “mischievous and factually incorrect” the allegations that it was responsible for the fuel shortage in the island nation.
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