Thursday, March 28th, 2024

India became elder brother in Sri Lanka’s bad times, provided financial assistance of so many billion dollars in 2022; Revealed in the report


Photo: File 3 billion dollars help from India to Sri Lanka

At present our neighboring country Sri Lanka is going through a bad economic situation. Inflation is at its peak there. People are not getting the things they need on time. Government agencies are also facing problems with vehicles. Meanwhile India has offered a big help. Under this, 124 SUV vehicles have been handed over to Sri Lanka.

Promise to give 500 vehicles

India has handed over 124 SUVs to law enforcement agencies and armed forces of Sri Lanka under a US$ 100 million line of credit. India has promised a planned supply of a total of 500 vehicles. A fleet of vehicles manufactured by India’s Mahindra & Mahindra company was formally handed over to Minister of Public Security Tiran Elles by Gopal Baglay, High Commissioner of India to Sri Lanka on Thursday.

partnership between the two countries

The Indian High Commission in Colombo said in a statement that these vehicles with state-of-the-art facilities will help meet the requirements of Sri Lanka and increase capacity across the country. India and Sri Lanka share a multifaceted and multi-sectoral partnership.

PressWire18 provides latest news, bollywood news, breaking news hollywood, top tech news, business standard news, indian economy news, world economy news, travel news, mumbai news, latest news mumbai loksabha election 2024, video viral news, delhi news, Only at Only at Presswire18.com

India working on Neighborhood First Policy

Working on the ‘Neighbourhood First Policy’, the Government of India has assisted the financially troubled Sri Lanka in various projects under concessional lines of credit to deal with the economic crisis. The Government of India has helped Sri Lanka with a massive $3.2 billion line of credit since January this year and financial assistance has been extended to various sectors including railways, infrastructure, defence, renewable energy, petroleum, supply of fertilizers and others . The High Commission said that in addition to this, in March 2022, the Government of India also provided a concessional line of credit of $1 billion to Sri Lanka through the State Bank of India for the supply of essential commodities like food, medicine, fuel.

READ ALSO :   Reliance gave flight to the market

latest business news



Now it will be easy to watch a video in different languages, this new feature of YouTube will make it possible

Photo: File youtube new every day YouTube team engaged in search and Google eager to launch a new feature every month is now going to bring the feature for YouTube content creators and users...

If you want bumper returns on mutual fund investment then choose multi allocation fund, this way you will earn huge income.

Photo:FILE mutual fund current time The number of investors investing in mutual funds through SIP in the country is in crores. Investors include people from metros to small towns and villages. However, despite such...

If the dealer hesitates to give free ration, then strict action will be taken, just turn the phone on this number

Highlights: Many people do not get ration for many months. In such a situation, he/she can also complain about it easily through this. If something like this ever happens to you too, then do...