Following an agreement between India’s NPCI International Payments Limited (NIPL) and Lanka Pay, UPI is set to be accepted in Sri Lanka after completion of certain processes in the next two to three months. As a follow-up to the 2022 deal on the Trincomalee oil tank farms, the two sides signed an agreement to develop the facility as a regional hub of industry and energy.
Participating in a media interaction with Wickremesinghe, Modi said Sri Lanka has a key place in India’s “Neighbourhood First” policy and SAGAR (Security and Growth for All in the Region) vision. Referring to the unprecedented economic crisis that hit Sri Lanka over the past year, he noted that India stood “shoulder to shoulder” with the island nation in its hour of crisis.
This story is from the July 22, 2023 edition of Hindustan Times.
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This story is from the July 22, 2023 edition of Hindustan Times.
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