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HomeLocal NewsRanil warns Sri Lanka of losses due to rejection of Adani project

Ranil warns Sri Lanka of losses due to rejection of Adani project


Former President Ranil Wickremesinghe has urged the government to rethink the investment deal with India’s Adani Group, emphasising the losses Sri Lanka could face due to the rejection of such a project.

Addressing an event, Ranil Wickremesinghe pointed out that it was essential for Sri Lanka to launch the Adani Group’s renewable energy project. 

“I met Indian PM Modi to discuss the Adani project. He inquired how much Sri Lanka can offer. As I am not an engineer or well-versed in this subject, I said we can offer between 25 to 50 GW. We could have earned a large sum of money through this project,” he said. 

Ranil Wickremesinghe said that apart from earning money, Sri Lanka could have easily secured more foreign investments. 

“It is not good for us to lose this. If possible, we should offer more such projects through which Sri Lanka could monetarily benefit. Just because Adani invested, several more investors approached Sri Lanka,” he said.

Stressing that India was Sri Lanka’s friend and was willing to assist in any way, the former President said that questions are being raised whether Sri Lanka was against India. 

“During my recent visit to India, some people there questioned if Sri Lanka was against India. It is not good to give such an impression. We need to move forward,” he warned. (Islandnews)



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