India- Sri Lanka relations have blossomed owing to cultural, religious and linguistic interactions, strengthened by Neighborhood First and SAGAR approach focusing on friendly and mutually beneficial relations, non-reciprocal and outcome-oriented approach.
Indian Assistance to Sri Lanka
India has focussed on being first responder to the crisis, serving the best interests of the people of Sri Lanka, which reflects an inclusive approach and is not being seen as interfering in the internal affairs.
- Provided aid worth $3.8 billion which is India’s largest bilateral aid program.
- A Line of Credit (LOC) of US$ 500 million for purchase of petroleum product.
- Forex reserves – Currency swap facility of US$ 400 million under the SAARC Currency Swap Framework 2019-22.
- A large consignment of drugs and medical supplies.
- Humanitarian assistance worth US$ 16 million was committed by Tamil Nadu.
Revival of certain sectors
- Committed to assist in the revive the tourism sector.
- US$ 55 million for the procurement of Urea fertiliser. Supplied Nano Nitrogen to support agriculture.
- Helped it to get IMF aid.
- Collaborated with Japan at the Quad summit
Such a support can play a crucial role in ironing out the existing issues like increasing Chinese influence, Tamil Issue and securing Indian investments.