India, Sri Lanka set to ink major defence pact next week

New Delhi, 29/3: For the first time, India and Sri Lanka are set to sign an ambitious defence cooperation pact during Prime Minister Narendra Modi’s visit to Colombo next week, in a significant move that comes nearly four decades after the IPKF’s intervention in the island nation.

The two sides are also likely to firm up a currency swap framework and seal several other agreements including one on debt restructuring following talks between Modi and Sri Lankan President Anura Kumara Disanayaka on April 5.

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