“The entire constitution is under review, so is the devolution of power in Jaffna”
Businessworld|April 23, 2022
Sri Lanka's Foreign Minister GAMINI LAKSHMAN PEIRIS speaks with Manish Kumar Jhaof BW Businessworld on the entire range of issues that reflect the severity of the current economic crisis and the measures needed to alleviate the situation
Manish Kumar Jhaof
“The entire constitution is under review, so is the devolution of power in Jaffna”

How do you look at the bilateral relations with India amid the complex geopolitical environment in the region? And while India puts ‘neighbourhood first’ in its foreign policy, do you also see the relations in a similar way with India?

Certainly, the emphasis is on economic objectives. We have 66 missions abroad and we have told all of them in very clear terms that their priority this year should be economic diplomacy, by which we mean trade, investment and tourism. Our relationship with India is at a very satisfying threshold. In every sector, be it the power sector or tourism sector, there is closer integration. For instance, Ceylon Electricity Board can produce approx. 4,300 MW of electricity, while NTPC, an Indian company, produces about 60,400 MW of electricity. We are also interested in generating wind power in Mannar Island and district, which the Adani group and others in India are keen on developing.

Then if you take the oil, petroleum gas sector, we concluded the Trincomalee oil tank cooperation. We have 99 tanks there which had been lying idle for 17 years. But now that has been sorted out, we have entered into a joint venture where 51 per cent stakes will be held by Ceylon Petroleum Corp (CPC) and 49 per cent by Lanka India Oil Corporation (LIOC). So the storage capacity is very useful. With fluctuating oil prices, we can store oil when the prices are good. And also, since India is the third-largest oil consumer in the world and since Sri Lanka would have to access international markets to purchase oil, it would make sense for us to access international markets through India. There would be price advantage.

Diese Geschichte stammt aus der April 23, 2022-Ausgabe von Businessworld.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der April 23, 2022-Ausgabe von Businessworld.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESSWORLDAlle anzeigen
MEMORIES & IMPRESSIONS
BW Businessworld

MEMORIES & IMPRESSIONS

Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.

time-read
3 Minuten  |
October 19, 2024
The Robotaxi Market
BW Businessworld

The Robotaxi Market

The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.

time-read
1 min  |
October 19, 2024
And the Nobel Prize Goes to AI
BW Businessworld

And the Nobel Prize Goes to AI

The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.

time-read
1 min  |
October 19, 2024
Ola Electrified
BW Businessworld

Ola Electrified

Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.

time-read
1 min  |
October 19, 2024
Sharp Slide in Industrial Output on Eve of Deepavali
BW Businessworld

Sharp Slide in Industrial Output on Eve of Deepavali

India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.

time-read
1 min  |
October 19, 2024
Heralding the Solar Era with Sustainable Electrification
BW Businessworld

Heralding the Solar Era with Sustainable Electrification

RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more

time-read
2 Minuten  |
October 19, 2024
A WELL-GREASED MACHINE
BW Businessworld

A WELL-GREASED MACHINE

The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar

time-read
4 Minuten  |
October 19, 2024
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
BW Businessworld

DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH

For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh

time-read
7 Minuten  |
October 19, 2024
Disruption Ahead: Beyond Organisation Charts and Structures
BW Businessworld

Disruption Ahead: Beyond Organisation Charts and Structures

ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.

time-read
3 Minuten  |
October 19, 2024
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
BW Businessworld

Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment

We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.

time-read
2 Minuten  |
October 19, 2024