Amid the worst economic crisis in Sri Lanka, India has taken another initiative to extend its support and has provided 12 shipments and over 400,000 metric tons (MT) of fuel to the island nation.
The High Commission of India in Sri Lanka took to its Twitter account to announce the shipment.
“12 shipments and over 400,000 tons of fuel!! Last shipment of #Diesel from #India under the Fuel Credit Line was delivered to #Colombo by Torm Helvig today,” the top-tweeted. Indian Commission in Colombo.
Earlier on Thursday, India extended its support by providing 65,000 metric tonnes of urea to the island nation.
The Sri Lankan High Commissioner to India, Milinda Moragoda, held a meeting with India’s Fertilizer Department Secretary Rajesh Kumar Chaturvedi where the matter was discussed, the Daily Mirror reported.
“High Commissioner Milinda Moragoda met India’s Fertilizer Department Secretary Rajesh Kumar Chaturvedi and thanked him for India’s decision to provide 65,000 tonnes of urea needed for the current cropping season of Yala in Sri Lanka,” the Sri Lankan High Commission said. in a message.
During the meeting, Moragoda and Kumar Chaturvedi discussed possible ways and measures to ensure that India’s chemical fertilizers to Sri Lanka are continuously supplied under India’s existing $1 billion lines of credit and beyond that, the Daily Mirror reported.
Moreover, India has pledged to provide more than $3 billion to the indebted island country in the form of loans, credit swaps and also lines of credit since the beginning of the year. India has also expressed its willingness to work with the new Sri Lankan government.
Currently, Sri Lanka is facing its worst economic crisis since independence with food and fuel shortages, soaring prices and power cuts affecting large numbers of citizens.
(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear reader,
Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.
As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.
Support quality journalism and subscribe to Business Standard.
digital editor
Comments are closed.