The Indian agencies are closely keeping a watch on the refugees from Sri Lanka and feel that it could turn into a local conflict
New Delhi, July 11: The crisis in Sri Lanka has blown out of proportion and over the past couple of months the island has been witness to violent protests. Last week protesters stormed the Presidential palace forcing Gotabaya Rajapaksa to flee and announce his resignation.
Sri Lanka does occupy a place in India’s neighbourhood policy. However, over the years New Delhi and Colombo have not been able to foster closer trade and development ties. This eventually led to China’s rise in the island nation.
Since 2015, China has been the largest lender to Colombo and also its bigger foreign direct investment.
The Chinese investments in Sri Lanka have time and again failed as it failed to generate the kind of local employment that Colombo may have wished for. This has led to Sri Lanka defaulting and surrendering strategic townships and ports such as the Hambantota in exchange.