India to invest more in Sri Lanka: Envoy

Wednesday, 20 July 2022 01:44 - - {{hitsCtrl.values.hits}}

NEW DELHI (Reuters): India is willing to make more investments in neighbouring Sri Lanka after supporting it with $ 3.8 billion this year, New Delhi's envoy in Colombo told the Indian Express newspaper.

“The idea is to respond to Sri Lanka's requests for enabling them to meet their foreign exchange crisis,” said India's high commissioner in Sri Lanka Gopal Baglay.

“We would like to continue to bring more investment into Sri Lanka because that will help create medium and long-term capacity to respond within the Sri Lankan economy.”