Development projects in Sri Lanka more through investments, grants, India says
October 17, 2024 09:29 pm
India has completed 60 grant projects in Sri Lanka and implementing 16 more currently, the development coming more through investments and grants and relatively less through debt instruments, India’s envoy to Sri Lanka said on Tuesday.
Santosh Jha, the High Commissioner of India to Sri Lanka, also reaffirmed India’s support for island nation’s debt restructuring efforts, securing IMF support, and extending bilateral financial support to overcome immediate challenges.
Emphasising the importance of a robust partnership between India and Sri Lanka, highlighting the intertwined destinies of the two nations, Jha – who was speaking at the 45th National Conference of CA Sri Lanka – underscored the shared geography, history, and future that bind the two countries.
Source: PTI
--Agencies
