Sri Lanka will issue a Letter of Intent for the FSRU and the LNG package to India by mid May. India and Sri Lanka have agreed to build a port, a petroleum refinery and other industries in Trincomalee, for which the governments of Sri Lanka and India will set up a Joint Working Group by June end. The two countries will jointly set up Industrial Zones or Special Economic Zones in identified locations in Sri Lanka, the details of which will be submitted by Sri Lanka to India in the beginning of May. By June end, Sri Lanka will submit to India a list of road projects to be considered for joint development. They were keen to allay fears in Sri Lanka that India is out to gobble up Sri Lanka’s resources by executing projects unilaterally.

Source: bd News24 May 01, 2017 04:30 UTC