New Delhi (Sputnik) — In an apparent act of balancing the relationship between China and India, Sri Lanka is set to sign an agreement with India for the joint development of its ports. The agreement will be signed during the Sri Lanka visit of Indian Prime Minister Narendra Modi, scheduled in May.
In fact, Sri Lankan Prime Minister Ranil Wickremesinghe will soon visit India to set the agenda of the upcoming Modi trip to Sri Lanka.
Trincomalee port is important for India as an Indian Oil Corporation depot is based there and maintains several petroleum tanks. Although the Trincomalee port is commercially not viable like Colombo or Hambantota ports, it will definitely help India to counter China in the great game of ports, which will ultimately be helpful in increasing its influence in the coveted Indian Ocean Region.