The Indian Government has reportedly approved a credit line worth $ 500 million for Sri Lanka to purchase petroleum products.
According to Energy Minister Udaya Gammanpila, this credit line would help resolve the country’s power crisis. The lawmaker is hopeful that Sri Lanka would be able to import the required stocks of fuel by March using this loan.
India’s External Affairs Minister Dr. S. Jaishankar had extended this critical support in his letter addressed to Sri Lanka’s Foreign Minister Prof. G.L. Peiris, the Indian High Commission in Colombo said last week.
The High Commission’s remarks came after Dr. Jaishankar and Sri Lanka’s Finance Minister Basil Rajapaksa held a detailed virtual meeting on 15 January 2022 and discussed various aspects of robust economic partnership between the two countries.
In addition, India had recently extended foreign exchange support of over $ 900 million to Sri Lanka.
India approves $ 500 m credit line to Sri Lanka
28 Jan 2022
India approves $ 500 m credit line to Sri Lanka
28 Jan 2022
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!