India and Japan are collaborating to put Sri Lanka on a sustainable growth trajectory for a structural shift. The development comes after Pathfinder Foundation proposed a medium and long-term strategy for the economic transformation of Sri Lanka going through a financial crisis with Indo-Japanese collaboration.

The official launch of the report on "A Medium and Long-term Strategy for Indo-Japanese Collaboration to Support the Economic Transformation of Sri Lanka", prepared by the Pathfinder Foundation with the assistance of a panel of experts, was held on March 29th at the Taj Samudra, Colombo.

The report suggested a strategic response to transforming the economy, focusing on four priority sectors to put Sri Lanka on a sustainable growth trajectory, news agency ANI reported.

Addressing the report's launch event, Indian High Commissioner Gopal Baglay said India and Japan share wide-ranging interests in a peaceful, progressive and prosperous Indo-Pacific region, the Daily Mirror Lanka newspaper reported.

Highlighting that Sri Lanka is an important member of the Indian Ocean Rim Association (IORA) countries, Baglay said there is a great deal of opportunity for India, Japan and Sri Lanka to work together for the prosperity of people here and the benefit of all sides.

Meanwhile, Japanese Ambassador Hideaki said that during Japanese Prime Minister Fumio Kishida's recent visit to India, the two countries exchanged views on cooperation with Sri Lanka and agreed to work closely.

"I believe that connectivity is the best area to showcase how two countries can bring tangible benefits to the entire region including Sri Lanka. To this end, perspectives and insights from countries in the region are critical, and this report precisely addresses that," he added.

Image courtesy: ANI