The relationship between India and Sri Lanka is over 2,500 years old. Both countries have a legacy of intellectual, cultural, religious and linguistic interaction. In recent years, the link has been marked by shut contacts at all levels. Trade and investment have big and there’s cooperation within the fields of development, education, culture and defence. Both countries share a broad understanding on major
issues of international interest. In recent years, important progress in implementation of developmental help comes for Internally Displaced Persons (IDPs) and disadvantaged sections of the population in Sri Lanka has helped further cement the bonds of relationship between the 2 countries.
President Maithripala Sirisena was elected because the new President of state within the presidential election endured (Relationship of India with SriLanka )January eight, 2015. He succeeded former President Mahinda Rajapaksa. On the same day, Mr. Ranil Wickremesinghe was additionally sworn in because the new Prime Minister of Sri Lanka on January nine, 2015. Political relations between the 2 countries are marked by high-level exchanges of visits at regular intervals. President Sirisena visited India on a four-day starting fifteen February 2015. Sri Lankan Foreign Minister Mangala Samaraweera visited New Delhi in January 2015 on his initial overseas official visit. Earlier, President Mahinda Rajapaksa travelled to New Delhi in May 2014 to attend the swearing-in ceremony of Prime Minister Modi and visited Tirupati in December 2014. Then Prime Minister Mr. D. M. Jayaratne attended the nineteenth Convocation ceremony of Manipal University in November 2014. The Sri Lankan Defence Secretary travelled to in October 2014 and additionally visited India earlier, in March 2014, to attend NSA–Level Trilateral Meeting on Maritime Security Cooperation. Prime Minister Narendra Modi visited Sri Lanka on 13-14 March, 2015. He also travelled to Anuradhapura, Talaimannar, and Jaffna.
Sri Lanka has long been a priority destination for direct investment from India. Sri Lanka is India’s second largest commercialism partner in SAARC. India successively is Sri Lanka’s largest trade partner globally. Trade between the 2 countries grew notably quickly when the entry into force of the India-Sri Lanka free trade Agreement in March 2000. According to Sri Lankan Customs, bilateral trade in 2014 amounted to US $ 4.6 billion, achieving a growth of 23.37% compared to 2013. Exports from India to Sri Lanka in 2014 were US$ 3977 million, whereas exports from Sri Lanka to India were US $ 625 million. India is among the highest four investors in Sri Lanka with accumulative investments of over US$ one billion since 2003. The investments are in numerous areas as well as crude oil retail, IT, monetary services, real estate, telecommunication, hospitality & tourism, banking and food process (tea & fruit juices), metal industries, tires, cement, glass manufacturing, and infrastructure development (railway, power, water supply).
The conclusion of the armed conflict saw the emergence of a serious humanitarian challenge, with nearly 300,000 Tamil civilians housed in camps for Internally Displaced Persons (IDPs). the govt. of India place in place a strong programme of assistance to assist the IDPs come back to traditional life as quickly as attainable as additionally consistently advocated the requirement for them to be settled to their original habitations as early as attainable. India’s immediate humanitarian help to IDPs included supply of 250,000 family relief packs, establishment of an emergency medical unit that treated over 50,000 IDPs, offer of over one thousand thousand roofing sheets, further as 400,000 bags of cement for constructing temporary housing and provision of ninety five,000 starter packs of agricultural implements. India additionally assisted in revival of agricultural and economic activities in areas stricken by the conflict.
Today, the India-Sri Lanka relationship is strong and poised for a quantum jump by building on the rich legacy of historical linkages and strong economic and development partnerships that have been forged in recent years.