Centre extended 8 Lines of Credit worth $1850.64 mn to SL in past 10 yrs
The Centre has extended eight Lines of Credit (LOCs) to Sri Lanka amounting to USD 1850.64 million in sectors, including railways, infrastructure, defence, renewable energy, petroleum and fertilizers in the past 10 years.
Under its ‘Neighbourhood First’ policy, the government is committed to developing friendly and mutually beneficial relations with all its neighbours. In line with this policy, India continues to assist Sri Lanka in its economic development and also support it in overcoming its economic challenges, said S. Jaishankar, External Affairs Minister in the Lok Sabha on Friday.
