President Ranil Wickremesinghe on Saturday highlighted the need for a comprehensive review of Sri Lanka's national security strategy to chart a course devoid of entanglement in the emerging international rivalries and maintain neutrality in the Indian Ocean region.

The review will include a broad range of factors, emerging economic trends and the impacts of climate change, Wickremesinghe said, addressing a Naval gathering in the southern district of Galle.

The President has already appointed a team led by a retired Major General to report to the National Security Council for formulating contemporary security policies.

He said the dynamics of today's landscape witness the encroachment of global power struggles into the Indian Ocean's realm.

“On one front, a contest for supremacy unfolds between the United States and China across the expanses of the Pacific Ocean. Simultaneously, a power struggle emerges between the Western nations and Russia in the context of Ukraine. This competition for influence extends even to remote reaches such as Niger in Africa,” he said.

Wickremesinghe said Sri Lanka should maintain neutrality in the Indian Ocean region.

“Undoubtedly, the Indian Ocean hosts the world's pivotal trade routes, making Sri Lanka an integral player at this stage. As we navigate these waters, it is imperative that we chart a course devoid of entanglement in these international rivalries, maintaining an impartial stance. Our foremost concern must be the safeguarding of our security within this sphere," the president said.

He said the utilisation of submarines in the Indian Ocean has increased. In light of this, the island nation's maritime security strategy should be directed towards the development of a robust programme tailored to submarine surveillance and control.

Upon the compilation of the review report, a blueprint for modernised security policies of the National Security Council will be adopted.

Sri Lanka which is going through its worst economic crisis since independence has faced criticism over larger budgetary allocations for defence spending while the healthcare and education budgets remain lower.

Demands are to prune its security forces and reduce the level of presence in the former north and eastern conflict zones to promote reconciliation with the Tamil minority.

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