External Affairs Minister Sushma Swaraj and her Lankan counterpart Mangala Samaraweera discussed the entire gamut of relationship during the 9th Indo-Lanka Joint Commission meeting here co-chaired by them.
"The fishermen issues was discussed by the two ministers. They talked about the intricacies involved," officials said.
India invited Sri Lankan fisheries minister to visit the country and Colombo has accepted the invitation, the officials said.
Two MoUs were signed after the meeting - one on renovating 27 schools in the Tamil-dominated Northern province and the other on building a surgical ward and supplying medical equipment to the Batticaloa Teaching Hospital in the East.
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Sri Lanka also proposed partnership in setting up a Special Economic Zone (SEZ) in Trincomalee and increase cooperation in aviation sector.
During their 50-minute long meeting, the Prime Minister sought Indian investment in Sri Lanka and proposed partnership in setting up a SEZ in Trincomalee.
Wickremesinghe also proposed to make the Joint Commission meeting an annual affair. The two leaders also talked about state university linkages.
The Joint Commission was set up in 1992 as a mechanism to address issues of bilateral cooperation. The last meeting of the Joint Commission was held in New Delhi in January 2013.
Sri Lanka accuses Indian fishermen of straying into its territorial waters, while the latter maintain they are only fishing in their traditional areas, especially around Katchatheevu, an islet ceded to Colombo in 1974.
Though the fishermen's associations of the two sides are in regular touch with each other, they have not been able to reach a mutually-acceptable solution to end this problem.
The two sides also discussed plans to enhance cooperation
in aeronautical research and use of Indian satellite system 'Gagan' by Sri Lanka.
"The joint commission has acknowledged the depth and intensity and uniqueness of this relationship," the officials said.
India will organise a workshop here later this month on this subject.
The two ministers also took recognisance of the reconstitution of the CEOs forum which is currently underway in both the nations.
"They spoke about various projects which has been under discussion for sometime, including the upgradation of Palalli airport and about infrastructure development at Kankesanthuri port where four phases have been completed. Rail India Technical and Economic Service (RITES) will send a delegation soon to take it further.
On tourism, the officials said the second meeting of joint working group on tourism will be held in mid 2016 to take forward the collaboration on development of Ramayana circuit in Lanka and extension of Buddhist circuit in India.
The ministers also agreed to take forward the revised bilateral air services agreement.
Sri Lanka also proposed on cooperation on oil tanks farm in Trincomalee. The ONGC and ministry of oil and petroleum will send a delegation here in this regard.
On housing project, the officials said 44,000 houses in North have been completed and work on 4,000 will start soon.
Noting that Lanka has sought more seats for its medical students in Indian universities, they said the joint commission also discussed the potential of private universities opening their campus in Lanka.