Sri Lanka pushes trilateral partnership with India & Japan to boost growth
India and Japan being active and vital middle powers in the Indo-Pacific region, their partnership for project-specific support in Sri Lanka holds significance and with their proven experience, knowledge, and expertise in tackling specific development challenges, both countries could support Sri Lanka financially and technically, suggested report brought out by prominent Colombo-based think tank Pathfinder Foundation. The report — “Medium and Long-term Strategy for Indo-Japanese Collaboration to Support the Economic Transformation of Sri Lanka” — was released here on Thursday in partnership with two prominent think tanks based in New Delhi, namely, NATSTRAT and Vivekananda International Foundation, and the Confederation of Indian Industry.
India is a natural trade and investment partner for Sri Lanka, considering its geographical proximity and its current “Neighbourhood First" policy. Japan has a long-standing relationship with the country providing development assistance.
“A vulnerable developing country like Sri Lanka can utilize tripartite cooperation to signal its specific demands more efficiently, thereby increasing opportunities for joint projects,” according to the report. Four areas — Low-carbon power generation in Sri Lanka; Development of Trincomalee as an energy hub; Logistics & connectivity and People-to-people contact – have been identified in the report as broad areas of tripartite cooperation.
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