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Fertiliser crisis: India to provide $55 mn Credit Line for urea

10 Jun 2022

  The Government of Sri Lanka has requested a credit facility from the Government of India for the importation of Urea Fertilizer of 65,000 MT in order to cater the immediate requirement of Urea fertilizer demand during the Yala cultivation season. In response to the request, Government of India agreed to offer a Dollar Credit Line amounting to USD 55 million for procurement of Urea Fertilizer from India. This was made known via the Prime Minister's Media Division today (10). While Secretary to the Finance Ministry Mr M. Siriwardena signed the agreement, the signing of the agreement was overseen by Prime Minister Ranil Wickremesinghe, Minister of Agriculture Hon. Mahinda Amaraweera and High Commissioner of India to Sri Lanka, H.E. Gopal Baglay. The Prime Minister has previously indicated that ensuring food security for the populace was his priority as the country is facing grave shortages of essential food items. This credit facility could help to ensure the availability of Urea for the upcoming Yala season.

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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!


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