Country’s Ports and Shipping Minister Mahinda Samarasinghe told a press conference today that respective Ministries should now present proposals seeking cabinet approval to embark on those projects.
The MoU contains investment proposals by Indian companies for LNG terminal and power, port development at Colombo harbor, highways and railways etc.
The minister comments came after Sri Lankan Prime Minister visit to India last week and his meeting with Prime Minister Narendra Modi.
A press release issued by Sri Lankan Prime Minister had said that Prime Minister Modi expressed India’s dissatisfaction over the delay in commencing some of the projects in the MoU.
Samarsinghe asserted that most of these projects are expected to be completed by early next year.
He also added that Western terminal of Colombo port will be offered to Indian company for development.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
