Saturday, December 14, 2019 03:52:11 PM

India offers USD 450m credit-line to Sri Lanka

Photo Gallery1 Photo By Unknown - Fri Nov 29, 6:50 am

President Rajapaksa told me of his inclusive political point of view on ethnic harmony. I am confident that the Sri Lankan Government will pursue the process of reconciliation to meet the aspirations of Modi 
Prime Minister Narendra Modi announced on Friday financial assistance of USD 450 million to Sri Lanka, including USD 50 million for counter-terrorism, after holding talks with visiting Sri Lankan President Gotabaya Rajapaksa, Indian media reports said.

India’s USD 400 million creditline to strengthen Sri Lanka’s economy is in addition to India’s ongoing projects in Sri Lanka. Under the Indian housing project, 46,000 houses have already been constructed in Sri Lanka; 14,000 houses are being made for Tamil origin people. USD 100 million credit line given for solar projects.
Condemning the April 21 Easter Sunday attack in Sri Lanka, Modi said India is extending a USD 50 million line of credit to Sri Lanka to fight terrorism.
“India has always condemned and fought against terrorism. India is extending a $50million line of credit to Sri Lanka to fight terrorism,” Premier Modi said.
Commenting on India’s counter-terrorism assistance, President Rajapaksa said, “I want to thank Premier Modi for offering a fifty million dollar line of credit to enhance the capabilities of the intelligence agencies.” He also said, “With India, our corporation is multi-faceted with priority given to security-related matters”….

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