Saturday, December 14, 2019 06:27:00 PM

West must invest to keep China at bay, Sri Lanka chief warns

Photo Gallery1 Photo By AFP - Sun Dec 01, 6:33 am

Sri Lankan President Gotabaya Rajapaksa (left) is on 3-day official visit to India. (AP pic)

NEW DELHI: Sri Lanka’s new president Gotabaya Rajapaksa has warned India and Western nations that his country will be forced to seek finance from China again if they do not invest in the island.

Rajapaksa told the Hindu newspaper in an interview published Sunday that other Asian nations would also turn to China’s giant Belt and Road infrastructure project without alternative help.

Sri Lanka has traditionally been allied to India but became close to China, securing about US$7 billion in loans and investment, when Rajapaksa’s brother Mahinda was president from 2005 to 2015.

“I want to tell India, Japan, Singapore and Australia and other countries to also come and invest in us,” said the president, who was in India this weekend on his first foreign trip since winning a presidential election on November 16.

“They should tell their companies to invest in Sri Lanka and help us grow, because if they do not, then not only Sri Lanka, but countries all over Asia will have the same (problem)….

Photo Gallery

Leave a Reply


To prove you're a person (not a spam script), type the security word shown in the picture.
You may enter either the first Tamil word or the second English word. But Do not enter both.
Anti-Spam Image

Skip to toolbar