India increases financial allocation for grant projects in SL

1 September 2023 02:26 pm - 10 - {{hitsCtrl.values.hits}}

A A A

The Government of India (GOI) has increased the financial allocation for various grant projects being implemented in Sri Lanka due to the rapid changes in the economic landscape, the Indian High Commission in Sri Lanka said.

Accordingly, the financial allocation has been increased by upto 50% in case of nine ongoing projects which are being executed under the India-Sri Lanka High Impact Community Development Project (HICDP) framework.

"The overall financial commitment for these nine projects currently stands at close to SLR 3 billion, after the increase. These projects cut across sectors ranging from education and health to agriculture, among others, the High Commission said.

"The GOI has completed more than 60 grant projects under the HICDP framework, covering all the 25 districts of Sri Lanka. In addition, 20 other projects are under different stages of implementation. The HICDP framework was signed between the two countries in 2005 and subsequently renewed thrice, for a period of five years each time. It may be recalled that the GOI also doubled the ceilings for individual projects as well as the overall financial capital outlay under the framework in January 2023,

The GOI’s overall development cooperation partnership portfolio in Sri Lanka is around USD 5 billion, of which USD 600 million are grants. Demand-driven and people-centric projects carried out by the GOI span across areas such as infrastructure development, housing, livelihood assistance etc. 1990 Emergency ambulance service, railway track rehabilitation, Integrated Water Plants, the Indian Housing Project and Jaffna Cultural Center are among the landmark projects completed by the GOI in Sri Lanka, a statement issued by the High Commission said.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 10

Aravinda Friday, 01 September 2023 02:55 PM

Every time I read “ India is going to help Sri Lanka “ then I get really worried .

Buddhist Friday, 01 September 2023 03:42 PM

After India helped SL to such a large extent, the Chinese-funded Racists always condemned Indian actions.

In deer skin Friday, 01 September 2023 04:13 PM

Tightening the grip, no good. Stop connectivity. We lived over 2600yrs without so

Mahesh Friday, 01 September 2023 04:25 PM

Hats off to Indian government for this assistance and relieved us from this bankruptcy situation

N V Jen Friday, 01 September 2023 06:47 PM

China is sending only spy ships. But real and required assistance is coming from India only.

Senile president Saturday, 02 September 2023 03:47 AM

Prepare to pay 10 times more when they want it back. It's ok for the traitor president because it will be the poor taxpayers footing the bill.

savaeena Saturday, 02 September 2023 07:06 AM

We are lucky if we can become state of India, the 5th powerful economy in the world. We are bankrupt nation as of present with talk only.

Puzzles galore Saturday, 02 September 2023 09:01 AM

Projects started in 2005. Increase may be due to the drop in Rupee value, but it may not have an effect in foreign currency value! May be, every time a new party comes to power, India had to make provision to make the new rulers happy! This is possible?

Do Doo Dooo Chin Saturday, 02 September 2023 10:55 AM

No doubt even now 35% of our Land been sold to India by Ranil and Potuwa rotters. The balance will be sold before the next elections and all these rogues will leave the country.

H.M.D. Dharmadasa [Rice Mill Owner] Saturday, 02 September 2023 10:57 AM

Ranil is responsible for settling our Land to India in order for him to remain in power. But he did not realize it's for only a short period from now - i.e.. Six months maximum.

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

India increases financial allocation for grant projects in SL

Comments - 10

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Diana under immigration radar for overstaying visa since 2014

Sri Lanka to overhaul visa issuance process

Foreigner injured after falling from Lotus tower

Tharshan Selvarajah makes history as first Sri Lankan to carry Olympic torch

VFS Global is here to stay for at least 12 years, says Tiran

Not only on-arrival visas but online visas too should be stopped

MIRROR CRICKET

Nepal’s ex-cricket captain acquitted of rape on appeal

Shakib and Hasaranga share top spot in T20 all-rounder rankings

Nisala steers Sri Lanka ‘A’ to easy win

Athapaththu climbs T20I rankings after stellar performance

TODAY'S HEADLINES

Sharing tales of triumph and relief

Kap Planting ceremony of the Ruhunu Kataragama Maha Devala Esala festival on 24th

NGO law: US State Dept. did not influence but sent in observations: Ministry

Harsha in a dialogue with government to save Suwa Seriya

Premier League in the US? FIFA weighs allowing overseas games

Nepal’s ex-cricket captain acquitted of rape on appeal

Another death reported from among victims of Fox Hill tragedy

Shakib and Hasaranga share top spot in T20 all-rounder rankings