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India pledges USD 50mn for military procurement

ECONOMYNEXT-Days after Russia said it will continue to supply the Sri Lankan Army with military hardware, India’s top security official has pledged USD 50 million to Sri Lanka in aid of military procurement.

The pledge was made by Ajit Doval, National Security Advisor to Indian Prime Minister Narendra Modi, when he called on President Gotabaya Rajapaksa on January 18.

After External Affairs Minister S Jaishankar, Doval is the highest-ranking Indian official to visit Colombo since Rajapaksa took oaths as President in November last year.

According to the President’s Media Division (PMD), discussions on Saturday had focused on strengthening cooperation between the security forces of the two countries and enhancing maritime security by increasing interaction between the two coast guards.

President Rajapaksa said in a tweet that the discussions were “very cordial”.

In the discussions, the PMD said, Doval had outlined the importance of reviewing the Maritime Domain Awareness concept between Sri Lanka, India and Maldives, as well as the importance of collaborating with other regional states as observers. (Colombo/Jan20/2020)

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