India extends Sri Lanka USD 55 million credit line for fertilizer imports
Monday, June 27, 2022
  • Circulation
  • Advertise
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
SUBSCRIBE
No Result
View All Result
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • RSS in News
  • Subscribe
Home World

India extends Sri Lanka USD 55 million credit line for fertilizer imports

Indian government's Line of Credit (LOC) of USD 55 million will help Sri Lankan government secure urea fertilizer for the ongoing paddy sowing 'Yala' season.

WEB DESK by WEB DESK
Jun 11, 2022, 10:10 am IST
in World
Share on FacebookShare on TwitterTelegramEmail

Colombo [Sri Lanka]: The Indian government has decided to extend a Line of Credit (LOC) of USD 55 million to Sri Lanka for the procurement of Urea Fertiliser.

This credit line was extended in response to an urgent request from the Government of Sri Lanka (GOSL) amid the ongoing economic crisis.

“In this context, a LOC agreement was signed between GOSL and the Export-Import Bank of India today (June 10, 2022) at Colombo, in the presence of the Prime Minister of Sri Lanka Ranil Wickremesinghe, the Minister of Agriculture Mahinda Amaraweera, and the High Commissioner of India to Sri Lanka Gopal Baglay. Senior officials from the Sri Lankan and Indian side were also present during the signing ceremony,” the Indian High Commission said in a statement.

This credit line will help Sri Lankan government secure urea fertilizer for the ongoing paddy sowing ‘Yala’ season. In view of the critical requirement, the Sri Lankan government and EXIM Bank have agreed to complete all procurement procedures expeditiously so that urea supplies can reach Sri Lanka in a short span of time.

During the signing ceremony, Prime Minister Ranil Wickremesinghe expressed his gratitude to the Indian government for the timely assistance.

The Indian High Commissioner highlighted that the speedy finalization of the credit line testifies to the importance the Indian government attaches to the welfare of the people of Sri Lanka.

“It may be recalled that in line with its ‘Neighbourhood First’ policy and as an earnest friend and partner of Sri Lanka, India has extended multi-pronged assistance to the people of Sri Lanka in the last few months,” the Indian High Commission said.

The support from India ranges from economic assistance of close to USD 3.5 billion to helping secure Sri Lanka’s food, health, and energy security by supplying essential items like food, medicines, fuel, kerosene etc. (ANI)

Topics: IndiaSri LankaSri Lanka Economic CrisisSri Lanka CrisisIndia-Sri Lanka
ShareTweetSendShareSend
Previous News

At WTO meet, India to look for a positive outcome on the TRIPS waiver, fisheries agreement

Next News

US sees Indo-Pacific as ‘priority theatre’, says Indian military power can be stabilizing force

Related News

Centre must crush all anti-nationals in Kashmir!

Centre must crush all anti-nationals in Kashmir!

MIB holds special screening of ‘Rocketry: The Nambi Effect’, film based on the former ISRO scientist Nambi Narayanan

MIB holds special screening of ‘Rocketry: The Nambi Effect’, film based on the former ISRO scientist Nambi Narayanan

‘Congress snatched Constitutional rights of every Indian overnight for power’: Amit Shah on 47 years of Emergency

‘Congress snatched Constitutional rights of every Indian overnight for power’: Amit Shah on 47 years of Emergency

At UNSC briefing on Afghanistan India expresses grief over tragic earthquake, vows to provide support

At UNSC briefing on Afghanistan India expresses grief over tragic earthquake, vows to provide support

China’s appalling behaviour in South China Sea akin to what India saw at LAC: Australian Defence Minister

China’s appalling behaviour in South China Sea akin to what India saw at LAC: Australian Defence Minister

India reports 12,249 new COVID cases, 13 deaths

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Centre must crush all anti-nationals in Kashmir!

Centre must crush all anti-nationals in Kashmir!

Maharashtra Political Crisis: SC puts interim stay on disqualification of Shinde camp MLA’s; next hearing on July 11

Maharashtra Political Crisis: SC puts interim stay on disqualification of Shinde camp MLA’s; next hearing on July 11

Maharashtra Political Crisis: Maharashtra govt reshuffles portfolios of 9 rebel MLAs of Shinde camp

Maharashtra Political Crisis: Maharashtra govt reshuffles portfolios of 9 rebel MLAs of Shinde camp

Tripura by-polls: BJP wins three, Congress one: Left decimated further

Tripura by-polls: BJP wins three, Congress one: Left decimated further

Agnipath will be a milestone for Indian Armed Forces, says Colonel S Dinny Retd

Agnipath will be a milestone for Indian Armed Forces, says Colonel S Dinny Retd

MIB holds special screening of ‘Rocketry: The Nambi Effect’, film based on the former ISRO scientist Nambi Narayanan

MIB holds special screening of ‘Rocketry: The Nambi Effect’, film based on the former ISRO scientist Nambi Narayanan

DEFENCE SCAN: RAKSHA MANTRI AND HIS AUSTRALIAN COUNTERPART HOLD BILATERAL TALKS

DEFENCE SCAN: RAKSHA MANTRI AND HIS AUSTRALIAN COUNTERPART HOLD BILATERAL TALKS

ED attaches assets of 3 people, including the wife of Sena MP Sanjay Raut, worth Rs 11.15 crore under PMLA

Enforcement Directorate summons Shiv Sena leader Sanjay Raut in money laundering case

China to relocate 17,000 Tibetan people, claims to improve ‘living conditions and protect environment’

China to relocate 17,000 Tibetan people, claims to improve ‘living conditions and protect environment’

President Ram Nath Kovind visits Vrindavan, interacts with the inmates of Krishna Kutir

President Ram Nath Kovind visits Vrindavan, interacts with the inmates of Krishna Kutir

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping Policy

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Special Report
  • Sci & Tech
  • Entertainment
  • Education
  • Books
  • Interviews
  • Travel
  • Health
  • Obituary
  • Subscribe
  • Advertise
  • Circulation
  • About Us
  • Contact Us
  • Privacy Policy
  • Cookie Policy
  • Terms of Use
  • Refund and Cancellation

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies