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PM Modi announces $ 400 million line of credit to Sri Lanka

PM Modi announces $ 400 million line of credit to Sri Lanka

Prime Minister Narendra Modi has announced Line of Credit of 400 million dollars to Sri Lanka to boost the island nation’s development. In a joint press statement after meeting visiting Sri Lankan President Gotabaya Rajapaksa in Delhi this afternoon, Mr Modi said that India will also extend 50 million dollars Line of Credit to Sri Lanka to fight terrorism. He assured the Sri Lankan President of India’s full assistance in taking his country in the path of rapid development.

Describing the meeting with Mr Rajapaksa as fruitful, the Prime Minister said, a strong and prosperous Sri Lanka is not only in the interest of India but also in the interest of the entire Indian Ocean region. He said, strengthening mutual cooperation in dealing with terrorism was discussed in detail. Mr Modi added that Sri Lankan police officers are receiving training on countering terrorism in prominent Indian institutions. He said, India gives priority to its relations with Sri Lanka under its Neighbourhood First’ Policy.

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