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Sri Lanka’s Prime Minister: India has potential to become one of biggest economies


While addressing the Indian Ocean Conference Prime Minister of Sri Lanka, Ranil Wickremesinghe, said that India has shown the great potential of becoming one of the biggest economies. Then he said, “India has shown the great potential of becoming one of the biggest economies in the world in PPP by 2050.”

Wickramasinghe further urged to maintain freedom of navigation for his nation to become the hub of IOR (Indian Ocean Region). “We believe maintaining freedom of navigation is very important for Sri Lanka to become the hub of IOR (Indian Ocean Region),” he added.

Earlier in the day, External Affair Minister (EAM) Sushma Swaraj said for New Delhi to ensure safety and security of the Indian Ocean.

Addressing the Indian Ocean Conference, Sushma Swaraj mentioned the vision of highlighting security needs in the waters of Indian Ocean was propelled by Prime Minister Narendra Modi through the concept of SAGAR (Security and Growth for all in the Region)

“Our vision for the Indian Ocean region is to preserve its organic unity while advancing cooperation. We envisage the Indian Ocean as an engine for growth and prosperity in our region and beyond. It is of utmost importance that these waters remain safe and secure. This vision was initiated by Prime Minister Narendra Modi in March 2015 when we put forward the concept of SAGAR (Security and Growth for all in the Region). This is a clear high-level articulation of India’s vision for the Indian Ocean,” said Swaraj.

India Foundation, a Delhi-based think tank, is hosting the Indian Ocean Conference 2017 (IOC) in collaboration with Rajaratnam School of International Studies (RSIS), Singapore, and National Institute of Fundamental Studies (NIFS), Colombo, both research and study centres — and the theme of the conference is peace, progress, and prosperity.

Around 35 nations are participating in the Conference.