Long-term investments in Sri Lanka are India’s plan to fix economic crisis

After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer sectors through both private and public firms there, Gopal Baglay, high commissioner of India to Sri Lanka, told ThePrint in an interview.

Sri Lanka is now trying to come back to normal levels of functioning and the economy will benefit from more investments. As a result, we are now looking at bringing in more investments in this country,” Baglay told ThePrint.

Since January this year, India has offered aid and humanitarian assistance to the tune of around $4 billion to Sri Lanka, the largest ever given to any country, to help the island nation meet its shortage of food, fuel, medicines and other essential items.