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India-Sri Lanka Relations: Fostering Economic and Strategic Collaboration

India-Sri Lanka Relations: Fostering Economic and Strategic Collaboration

Context:  This article is based on an Editorial “Bridge this deficit between India and Sri Lanka” Which was published in the Hindu. Recently, Sri Lanka’s President announced a proposal to establish land connectivity with India. 

  • Twenty years ago, Mr. Wickremesinghe, then Prime Minister proposed the idea of building a bridge linking Rameswaram (India) with Talaimanar (Sri Lanka). 
Relevancy for Prelims: Location of Sri Lanka, Asian Development Bank, India-Sri Lanka Free Trade Agreement, and National Dairy Development Board. 

Relevancy for Mains: India-Sri Lanka Relations: Challenges and Way Forward.

India-Sri Lanka Relations: Challenges and Concerns

  • Economic Integration: In Sri Lanka, opposition from groups to represent Sinhalese-Buddhists’ interests have always died down progress.
    • In December 2015, India’s Road Transport and Highways Minister informed the Lok Sabha that the Asian Development Bank was willing to fund the bridge project of ₹24,000 crore, but Sri Lanka’s opponents’ response was not in favor of the project.
  • On Power Grid: The power grid project, started in 1970, received no success as no electricity transmission took place, despite the signing of a memorandum of understanding.
  • On Trade: The India-Sri Lanka Free Trade Agreement was signed in December 1998, yet there is very slow progress on economic and technological cooperation.
    • Despite having a high potential for trade, the bilateral trade is not in a good position.
      • Example: Tourism, a major source of revenue for Sri Lanka, India remained the largest single country of tourist arrivals, with its share being 17% of the overall number of arrivals. But, the potential is much higher. 

Also Read: Re-Setting India Sri Lanka Ties

What steps have been taken in the India-Sri Lanka relations?

  • In the last one year, the momentum generated by certain developments:
    • Resumption of air services between Chennai and Jaffna.
    • The launch of passenger ferry services between Nagapattinam and Kankesanthurai.
    • A joint venture agreement among India’s National Dairy Development Board, the Gujarat Cooperative Milk Marketing Federation, and Cargills of Sri Lanka for self-sufficiency in the dairy sector.

Read more about the Commencement of Passenger Ferry Service Between India and Sri Lanka here. 

The Path Ahead for the India-Sri Lanka relations: 

  • Address to Challenges: Need to discuss and overcome the facing challenges (opponents of Sri Lanka).
  • Collaboration: Need to focus on mutually beneficial economic and technological collaboration.
    • Need to enhance economic and strategic ties.
  • Work on Projects: Implementation of hold projects and work on new projects such as land connectivity and the power grid.

Conclusion:

The path ahead for India-Sri Lanka Relations involves addressing challenges, fostering economic and technological collaboration, and actively working on crucial projects to strengthen the bond between the two nations.

Mains Question: Examine the challenges faced by India in addressing the issue of Tamil minority rights in Sri Lanka and its impact on the overall bilateral relationship. (250 words, 15 Marks)

 

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Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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