India said a meaningful devolution package aimed at the minority Tamil community will help creating lasting peace in Sri Lanka. External Affairs Minister S M Krishna, who arrived Colombo on a four-day official visit, told reporters that the end of the armed conflict holds out hope that an era of reconciliation and meaningful devolution package will begin in Sri Lanka . Mr Krishna said that visit will set the momentum in that direction. Ahead of his meetings with Sri Lankan leadership Mr Krishna said India and Sri Lanka could enhance bilateral cooperation in areas like economy, connectivity, tourism and knowledge industry. The minister said the two new consulates in Jaffna in the North and Hambantota in Southern Sri Lanka will serve to promote people-to-people links . Mr Krishna, who will co-chair the India-Sri Lanka Joint Commission along with Sri Lankan Foreign Minister G L Pieris, said the meeting will ensure that the decisions taken during high-level visits are closely monitored and implemented. The meeting of Commission, the first since 2005, reviews the bilateral commitments by the two countries.