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Mahinda, the current main opposition leader, will assume duties soon after incumbent Wickremesinghe steps down formally on Thursday.
Sri Lanka's ruling party candidate Sajith Premadasa on Sunday conceded the presidential poll and congratulated his main rival, former wartime defence secretary Gotabaya Rajapaksa.
Gotabaya Rajapaksa, served under his older brother, ex-president Mahinda Rajapaksa, and is widely seen as the frontrunner in a presidential election that must be held before Dec 9.
Jayasundera and Fernando were suspended by President Maithripala Sirisena for their alleged inaction on the intelligence shared by India.
If the executions carried out, Sri Lanka would be ending a 42-year-long suspension of the death penalty, even though it voted in favour of a moratorium on it during the 73rd United Nations General Assembly in December 2018.
During his visit, Modi said he was confident that Sri Lanka will rise again and cowardly acts of terror cannot defeat the spirit of Sri Lanka.
Modi's entourage made a detour to the Catholic church in Colombo on their way to the Presidential Secretariat for official engagements.
Prime Minister Modi arrived in Sri Lanka on the second leg of his first foreign visit after re-election last month, reflecting the importance India attaches to its 'Neighbourhood First' policy.
Chief of National Intelligence Sisira Mendis was sacked after testifying to the inquiry last week that the attacks could have been averted.
Modi's visit assumes political significance in the wake of the BJP drawing a blank in the recently held Lok Sabha polls in Kerala despite the party storming back to power with a thumping majority.