New Delhi, Feb 6 (PTI) Sri Lankan Foreign Minister GL Peiris will hold talks with his Indian counterpart S Jaishankar here on Monday, days after India extended a USD 500 million credit line to the island nation.

Peiris arrived in Delhi on Sunday on a three-day official visit.

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According to the Ministry of External Affairs (MEA), Foreign Secretary Harsh Vardhan Shringla will also call on the visiting dignitary on Monday.

"Foreign Minister of Sri Lanka Prof. G. L. Peiris arrives in Delhi on an official visit," MEA spokesperson Arindam Bagchi tweeted.

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India on Wednesday extended a USD 500 million credit line to Sri Lanka to help it purchase petroleum products.

Sri Lanka has been reeling under a severe foreign exchange and energy crisis.

In their talks, the two foreign ministers are expected to delve into ways to further expand bilateral cooperation in diverse areas, including trade and investment.

The contentious fishermen issue is also likely to figure in the talks.

On January 25, Sri Lanka had released 56 Indian fishermen.

India's assistance of USD 500 million to Colombo came over two weeks after a virtual meeting between Jaishankar and Sri Lanka's Finance Minister Basil Rajapaksa.

Last month, the island nation signed a deal with the Sri Lankan chapter of Indian Oil Corporation (LIOC), Ceylon Petroleum Corporation (CPC) and the Joint Venture between LIOC and CPC to redevelop around 75 oil tanks in Trincomalee.

The deal is expected to assist Sri Lanka in the development of Trincomalee as an energy and transport hub to further bolster its energy security.

During Peiris's visit, India is also likely to convey to him the need for fulfilling the expectations of the Tamil people living in that country for equality within a united Sri Lanka.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)