The prime minister of Sri Lanka, Ranil Wickremesinghe this week pledged an economic pact with India would be in force by the end of this year.
Mr Wickremesinghe, who is currently on a three-day visit to New Delhi, met with his Indian counterpart, Narendra Modi and the country's president.
“Prime Minister Modi and I decided we must conclude it (the proposed technology and economic co-operation agreement) by the end of this year. This offers a strategic economic advantage to our country and the fastest-growing southern Indian States,” he was quoted by The Hindu as saying whilst speaking at an India Economic Summit in New Delhi.
“We are cognizant that the economic asymmetry between us and India is going to increase in the future, when the latter emerges as a global player in an increasingly multi-polar world,” he said, outlining reasons why deeper ties were necessary.
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