Prime Minister Narendra Modi on Friday announced that India would extend $400 million line of credit to its neighboring island nation Sri Lanka for strengthening its economy. Out of this $ 100 million credit line is given for solar projects.
PM Modi: $400 million line of credit to be extended to Sri Lanka to strengthen its economy. Under Indian housing project, 46,000 houses have already been made in Sri Lanka. 14,000 houses further being made for Tamil origin people. $100 million credit line given for solar projects pic.twitter.com/0kpej3MI0t— ANI (@ANI) November 29, 2019
India has also created 46,000 houses in Sri Lanka under the Indian housing project which is an extension of the Government of India’s commitment to construct 50,000 homes in Sri Lanka for Internally Displaced Persons (IDPs) affected by the 26-year civil war.
The announcements were made after PM Modi’s meeting with Sri Lankan President Gotabaya Rajapaksa who is on a three-day visit India.
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