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Consul General Speech at Annual General Meeting & Award Ceremony of Galle District Chamber of Commerce & Industries

Posted on: January 22, 2023 | Back | Print

Good evening all,

First of all, I use this opportunity to thank the representatives of Galle Chamber of Commerce for inviting me to the 34th Annual General Meeting and award ceremony.


Sri Lanka is India’s closest maritime neighbour and friend. The people of the two countries share deep-rooted commonalities in cultural, spiritual, linguistic, commercial and several other spheres, extending back thousands of years. Today, India and Sri Lanka are taking rapid strides in our bilateral engagements guided by leaders in both countries committed to ever stronger relationship for shared progress, prosperity and peace.

Dear friends,

Sri Lanka currently is going through multiple challenges. As a reliable and dependable partner, India last year alone extended a financial support of more than 4 billion USD to overcome the economic issues. This year India is the first creditor nation of Sri Lanka to support debt restructuring and convey financing assurances to IMF in order to clear the way forward for Sri Lanka to secure the IMF programme. As a close partner, India will encourage greater investments in the Sri Lankan economy, in several key sectors.

Sri Lanka occupies a central place in Prime Minister Narendra Modi’s ‘Neighbourhood First’ Policy. Hence India will continue as an active partner in catalysing the economic recovery of Sri Lanka. Indian investments in mutually beneficial sectors such as ports, renewable energy, infrastructure etc. will be instrumental in this, through employment generation and stepped up economic activities. In the tourism sector India continues to be the single largest source of tourists for Sri Lanka and discussions are ongoing for promoting religious tourism between the two countries.


I use this opportunity to inform you all that India formally assumed the G20 Presidency, from Indonesia, on 1 December 2022. The G20 as you all know is an intergovernmental forum of the world’s 20 major developed and developing economies, making it the premier forum for international economic cooperation. The theme of G20 Presidency is “Vasudhaiva Kutumbakam” or “One Earth One Family One Future”.  The G20 Presidency offers an opportunity to India to contribute to the global agenda on pressing issues of international importance. During the course of its G20 Presidency, India will hold about 200 meetings in 32 different sectors in multiple locations across India.


To conclude, I like to reiterate what our External Affairs Minister Dr. S.Jaishankar sir said during his recent visit to Sri Lanka last week. India will be a reliable and, a trustworthy partner, one who is prepared to go the extra mile when Sri Lanka feels the need. We are confident that Sri Lanka will overcome the current challenges that it currently faces.

Thank you