Jaishakar will also review decisions taken during earlier meetings of the leaders of the two countries.
He will be in Sri Lanka until February 20.
He will discuss the possibilities for cooperation in a number of sectors including power, highways, airport, and hydrocarbon.
"The visit will continue the tradition of close exchanges with Sri Lanka that has gained momentum in the last two years... The visit would help in taking stock on various decisions taken during the meetings between the two leaderships," External Affairs Ministry spokesman Vikas Swarup has said.
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